Listen "69. What the FinCen?! Plus Local Law 11 and Local Law 157"
Episode Synopsis
Host Mark Levine of NYC Property Management firm EBMG shares information regarding compliance topics that are relevant in the first few months of 2025.Email the show! [email protected] Corporate Transparency Act: The required filings through the CTA (the Beneficial Owner Information) has been restarted to now require a March 21, 2025 filing. Link to FinCen info here: https://fincen.gov/boi Local Law 11 / FISP Cycle 10A starts on 2/21/25 and last for a period of two years. We recommend that if your building is in the A subcycle that you get started immediately on the inspection and work that may be needed. Local Law 157 gas detectors are required to be installed by May 1, 2025 in all areas that have a gas hookup in residential private spaces as well as building common areas.Feel free to reach out to Mark Levine at his corporate email of [email protected] or via phone at 212-335-2723 x.201.