Firm News
SRZ Serves as Pro Bono Counsel in The Joyce Theater’s Lease of Former Boys’ Club of New York Building
March 3, 2023
Schulte Roth & Zabel served as pro bono counsel for The Joyce Theater in their recent lease of the building formerly occupied by the Boys’ Club of New York, with plans to purchase the seven-story space in Lower Manhattan. The sale is contingent upon The Joyce raising the substantial funds needed for the first phase of the renovation. The Joyce hopes the acquisition of the building will forward their commitment to artists and offer essential studio space that fosters creativity and innovation in dance and choreography.
The SRZ team includes partner Stephanie Breslow, who is on The Joyce Theater’s Board of Trustees, of counsel Gregory Pressman, and associates Cristina Giappone and Sabrina Singh.
Learn more about the deal here.
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On July 24, 2024, the US Department of Treasury's Financial Crimes Enforcement Network (“FinCEN”) issued updates to its Frequently Asked Questions (“FAQs”) [1] regarding the beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (collectively, with its implementing regulations, the “CTA”).[2] These FAQs provide (i) clarity on the type of taxpayer identification number (“TIN”) information required to be reported by an entity that is disregarded as an entity that is separate from its sole tax owner for US federal tax purposes (“DRE”) and (ii) relief to certain types of entities relating to this TIN reporting obligation.
Alerts
The recently enacted Corporate Transparency Act (“CTA”) establishes mandatory federal reporting requirements for any legal entity registered with the secretary of state or any similar office. If you own or have management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities or, if any trust of which you are a grantor, trustee or beneficiary owns or has management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities, you may be subject to the new filing requirements of the CTA. For any entity created before Jan. 1, 2024, beneficial ownership reports must be filed with the Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of Treasury, by Dec. 31, 2024. A copy of the Alert we circulated on Jan. 31, 2024, outlining the key features of the CTA, can be found here. There are financial and, in some cases, criminal penalties for failure to file a report. Please reach out to us immediately if you need assistance determining whether you have to file a beneficial ownership report. We need to hear from you no later than Aug. 31, 2024, to be able to provide timely assistance on this matter.
Alerts
On July 24, 2024, the US Department of Treasury's Financial Crimes Enforcement Network (“FinCEN”) issued updates to its Frequently Asked Questions (“FAQs”) [1] regarding the beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (collectively, with its implementing regulations, the “CTA”).[2] These FAQs provide (i) clarity on the type of taxpayer identification number (“TIN”) information required to be reported by an entity that is disregarded as an entity that is separate from its sole tax owner for US federal tax purposes (“DRE”) and (ii) relief to certain types of entities relating to this TIN reporting obligation.
Alerts
The recently enacted Corporate Transparency Act (“CTA”) establishes mandatory federal reporting requirements for any legal entity registered with the secretary of state or any similar office. If you own or have management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities or, if any trust of which you are a grantor, trustee or beneficiary owns or has management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities, you may be subject to the new filing requirements of the CTA. For any entity created before Jan. 1, 2024, beneficial ownership reports must be filed with the Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of Treasury, by Dec. 31, 2024. A copy of the Alert we circulated on Jan. 31, 2024, outlining the key features of the CTA, can be found here. There are financial and, in some cases, criminal penalties for failure to file a report. Please reach out to us immediately if you need assistance determining whether you have to file a beneficial ownership report. We need to hear from you no later than Aug. 31, 2024, to be able to provide timely assistance on this matter.
Alerts
On July 24, 2024, the US Department of Treasury's Financial Crimes Enforcement Network (“FinCEN”) issued updates to its Frequently Asked Questions (“FAQs”) [1] regarding the beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (collectively, with its implementing regulations, the “CTA”).[2] These FAQs provide (i) clarity on the type of taxpayer identification number (“TIN”) information required to be reported by an entity that is disregarded as an entity that is separate from its sole tax owner for US federal tax purposes (“DRE”) and (ii) relief to certain types of entities relating to this TIN reporting obligation.