Host Mark Levine of NYC Property Management firm EBMG shares information regarding compliance topics that are relevant in the first few months of 2025.

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• 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.