By Jared T. Coldiron

CORPORATE TRANSPARENCY ACT (“ACT”)

Norton Hammersley Business & Corporate Law

By Jared T. Coldiron On January 1, 2024, a new federal law, the Corporate Transparency Act (“Act”), went into effect that will impact most closely held business entities, including corporations, limited liability companies, and limited liability partnerships, among other entities (“Reporting Company”). The Act, which was introduced to improve money laundering enforcement, is designed to create a national database of …

Sarasota Legal Insights: June 2024 Edition

Norton Hammersley Firm News

As your trusted legal advisors in Sarasota, we are dedicated to keeping you informed about the latest news and developments that may impact your business, estate planning, real estate, and dispute resolutions. This month, we highlight several key events and changes in Sarasota that relate to our core practice areas: Business & Tax Law, Estate Planning, Real Estate Law, and …

The Potential Effects of the National Association of Realtors Settlement

Norton Hammersley Firm News, Real Estate Law

Written by: Kirsten E. Guerin The recent $418 million settlement by the National Association of Realtors (“NAR”) could change the way homes are bought and sold across the country. This settlement agreement by the NAR was driven by an antitrust lawsuit filed against the trade group, where a federal jury found the organization (along with several large real estate brokerages) …

How to keep your association financially sound

Norton Hammersley Firm News, Litigation

Members of the Sarasota Community Association Network joined Norton Hammersley’s Derrick Maginness for a presentation and discussion on how to keep your association financially sound in May. An association can be a wonderful place to call home! They feature amenities that otherwise might not be close to home, like a community pool, fitness center, spa, golf course or riding trails. …

Sarasota housing market is still on fire with rents also soaring

Norton Hammersley Real Estate Law

Although we are well into the new year, real estate experts say they have no reason to believe the 2022 will look anything different than 2021. That is to say, the connection of short supply, high demand and rising median prices region wide shows no signs of slowing down. In January 2022, Sarasota home prices were up 23.6% compared to …

Anticipated law changes could put Sarasota Condo owners in crisis due to insurance increases

Norton Hammersley Real Estate Law

After the shocking news of the Champlain Towers South condo collapse that killed 98 people in Surfside near Miami in June, the lack of Florida state regulations regarding inspections of condo towers became very clear. Only two counties in all of Florida (Broward and Miami Dade) requirde the recertification of buildings, however that process only comes into play once a …

Surge in Sarasota home values sees home equity increase by $1.1 billion in Q2

Norton Hammersley Real Estate Law

Home equity of mortgaged property in Sarasota increased by by $1.13 billion in the second quarter of 2021 thanks to the recent surge in house prices in 2021. A report released by a real estate analytics company stated that the average increase in value of mortgaged residential real estate was $60,600 per home, above the national average of $51,500, according …

Emergency Powers for Board Members presentation at Michael’s on East for C.A.N. Sarasota

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Derrick Maginness alongside Jason Hamilton of Pinnacle Association Management co-hosted a presentation on Emergency Powers for board members at Michael’s on East to wrap up August. Pinnacle Community Association Management is a locally owned provider of comprehensive Community Association Management Services that are focused on small to medium sized Homeowners and Condominium Associations. Emergency Powers granted by Florida legislature to …