News: Long Island

MayerMeinberg hosts two seminars- discussion reveal board member fiduciary duties

MayerMeinberg LLP, a top regional accounting firm, recently presented two seminars to board members of coops, condos and HOAs on the topic of their board's fiduciary duties. MayerMeinberg invited clients and board members from the community to help give board members the information needed to make educated decisions. Held at MayerMeinberg's Long Island office, the two separate seminars included guest speakers Michael Cohen, Esq., a partner in the Smithtown law firm Cohen & Warren, P.C; and Marc Schneider, Esq., managing partner of Schneider Mitola LLP in Garden City. Cohen, who concentrates his practice in representing condominiums, cooperatives and homeowner associations, discussed the fiduciary duties of board members. Schneider, who practices in the areas of cooperative, condominium and homeowner association law, real estate and commercial litigation, provided insight on the board's duties. "These seminars offered employees, lawyers and clients information they'll need as a board member to make educated decisions," Schneider said. The seminars also included dinner, networking opportunities and a Q&A session. MayerMeinberg has quickly become one of the top accounting firms on Long Island, New York City and the tri- state region on a variety of business matters. The firm works with both individuals and businesses through the start-up, growth and transition phases with strategic advice and services to facilitate success, minimize taxes and maximize wealth. In addition to real estate, core competencies include professional services, digital media, e- commerce, staffing, bankruptcy, forensics and litigation support, construction, entertainment, leisure and fashion. The firm also has a Tax partner and full time tax attorney on staff to support and advise its accounting and business consulting practices.
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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.