A line of New York court opinions restrict tax escalations in commercial leases based on building improvements that don't benefit the tenant.
Investing in a limited partnership or limited liability can expose you to liability for uncollected New York sales taxes, even if you're not actively involved in the business or you have invested only a very small amount. Read the below Client Alert and find out why this can happen to you and how to best protect or at least limit your liability for uncollected sales tax.