The New York LLC Transparency Act (NYLTA) is set to take effect on January 1, 2026. The NYLTA will introduce a new beneficial ownership disclosure regime for limited liability companies operating in New York. The NYLTA will impact both LLCs formed in New York and foreign LLCs authorized to do business in the state. Under the NYLTA, LLCs formed or registered before January 1, 2026…

The State Environmental Quality Review Act, commonly referred to as SEQRA, is a state law that requires government agencies to assess the potential environmental, social, and economic impacts of a project to ensure balance and to protect the environment. In early 2025, the New York State Department of Environmental Conservation (NYSDEC) released proposed SEQRA amendments which aimed to incorporate provisions of the Environmental Justice Siting…

This article is a continuation of the article titled “Transitioning ‘Tails’: A Veterinarian’s Journey” that was published in Issue Number 9 (2024) regarding a veterinarian’s exit strategy, and is the fifth and final in a continuing series that guide the reader through the sale process. This installment will briefly address the equity documents issued in connection by a consolidator or private equity (“PE”) backed buyer.…

This article is a continuation of the article titled Transitioning “Tails”: A Veterinarian’s Journey that was published in Issue Number 9, in 2024, regarding a veterinarian’s exit strategy. This is the fourth in a continuing series that guides the reader through the sale process. This installment focuses on the key agreements signed at closing—commonly referred to as “ancillary documents.” “Ancillary documents” are documents that relate…

This article is a continuation of the article titled Transitioning “Tails:” A Veterinarian’s Journey that was published in Issue Number 9, 2024, regarding a veterinarian’s exit strategy, and is the third in a continuing series that guide the reader through the sale process. This installment will briefly address the components of a purchase agreement. Regardless of who purchases your practice, a purchase agreement will always…

This article is a continuation of the article titled “Transitioning ‘Tails’: A Veterinarian’s Journey,” that was published in Issue Number 9, 2024, regarding a veterinarian’s exit strategy, and is the second in a continuing series that guides the reader through the sale process. This installment will briefly address the due diligence process. Whether you sell to a veterinary consolidator/private equity or an associate veterinarian, the…