William L. Abrams

wabramsWilliam L. Abrams received his law degree from Boston University. He earned a Masters of Law degree in Taxation from New York University and a Masters of Law degree in Corporate Law, also from New York University. Mr. Abrams graduated Magna Cum Laude from the State University of New York at Albany, where he received a Bachelor of Science degree in accounting. He is admitted to the bars of the States of New York and California, and is also a Certified Public Accountant in the States of New York and California. 

Mr. Abrams is the partner-in-charge of AGMB's entertainment law, sports law, business management, corporate and securities law, estate planning and tax law practices. 

Mr. Abrams represents the local, national and international interests of the firm's entertainment and corporate clients in film, music, television, and multi-media projects. He represents individuals and entities in numerous aspects of feature film finance and production, television and video production, film and video distribution, and music production and distribution. Such creative clients include actors, writers, musicians, models, producers and professional athletes. 

On the corporate side of the entertainment business, Mr. Abrams represents studios, film funds, entertainment finance companies, independent record companies, film and television production companies, individual producers, directors and executive producers, and multi-media companies in their business ventures. 

Mr. Abrams also advises the firm's clients on matters of entity selection, financing and capitalization, taxation, drafting and negotiation of complex documents and other matters related to the entertainment industry. In addition to handling industry-specific matters, Mr. Abrams advises clients on copyright, trademark, licensing and other intellectual property related issues. 

On behalf of his clients, Mr. Abrams handles many private corporate matters, including preparing and negotiating shareholder agreements as well as confidentiality, noncompetition, employment, product distribution, and purchase and sale agreements. He has also negotiated and drafted software licenses, service agreements, bills of sale and other documents affecting cross-border sales of receivables. 

Mr. Abrams also works closely with individuals and corporate clients in relationship to estate and family planning. This includes analysis and consultation in relationship to usage of wills, trusts, family limited partnerships, family limited liability companies, gifting, charitable foundations and trusts, corporate transition planning and structuring, insurance trusts, life insurance, annuities, and self canceling installment notes. He works closely with individual families and corporations on the practical aspects, varied options and approaches towards family and estate planning. 

Prior to establishing the predecessor to AGMB, Mr. Abrams was associated with the national law firm Squadron, Ellenoff, Plesent & Sheinfeld, LLP, now known as Hogan and Hartson, LLP. While at Squadron, he represented many multinational corporations in all aspects of their business existence, including the structuring and implementation of highly sophisticated securities transactions and mergers and acquisitions. In addition, Mr. Abrams represented the various performing arts unions in lobbying for federal income tax legislation. Mr. Abrams began his career at the accounting firm Price Waterhouse & Co. 

Mr. Abrams is a member of the American Bar Association, the New York Bar Association, the California Bar Association, the American Institute of Certified Public Accountants, the California Society of Certified Public Accountants and the New York State Society of Certified Public Accountants. He has published articles in The Journal of Accountancy and The New York Independent Film Monitor. He has appeared on national and local news programs commenting on a broad range of entertainment, tax and legal issues. Mr. Abrams has been quoted in publications such as Forbes, The Los Angeles Times, and the Chicago Tribune. Mr. Abrams is a member of the Board of Directors of several charities and not-for-profit organizations. In addition, Mr. Abrams teaches at the University of California at Los Angeles. 

Mr. Abrams and his family reside in Merrick, New York and Los Angeles, California, enabling him to effectively represent clients on both the east and west coasts.

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Attorney Advertising. Prior results do not guarantee a similar outcome.

 

AGMB News Flash

AGMB Professional Brokers Bulletin: Volume I, Issue 1

Planning Guide for Foreign Investors

By: Michael C. Xylas, Esq.

Foreign ownership of U.S. Real Estate continues to grow because of its allure as a strong, stable investment with steady appreciation potential. The linked article provides ownership planning alternatives, and  introduces tax rules that real estate professionals must know to properly assist  foreign investors interested in acquiring U.S. real estate. Click here to read the full article.

 

Broker Affidavit - Disclosure as to Agency Relationship

By: David Koshers, Esq. and Neil B. Garfinkel, Esq.

New York Real Property Law § 443(4) requires real estate licensees acting as agents of  buyers/sellers/landlords and tenants  (“clients”)  of property to advise their potential clients of the nature of their agency relationship, including the rights and obligations it creates.  In addition, each individual agent involved in the transaction is required to present the client with the RPL § 443(4) disclosure form and subsequently memorialize the client’s  acknowledged receipt of the agent’s disclosure form by signature. The purpose is to ensure that the client is informed of the fiduciary duties and rights owed to him by the agent. Importantly, though, the signed disclosure form allows the agent to protect himself against potential claims by the client alleging lack of disclosure by the agent.

What if the client refuses to sign?   The Broker Affidavit created by AGMB provides a way for the agent to prove, through the agent’s own written declaration, that a client refused to sign the  disclosure form presented by the agent.

Click here to download a copy of the form as a Word document.

 

Read full article ...

AGMB ALERT: Judge Grants Fraud Trial Against Dunkin’ Donuts

Click here to read an article regarding an AGMB victory in a case against Dunkin Donuts.

Read full article ...

AGMB ALERT: AGMB Obtains Major Court of Appeals Victory and Reversal for Coop Client

AGMB scores a major victory before the New York Court of Appeals for a Manhattan cooperative that has potentially far reaching and positive financial implications for cooperatives throughout New York State.

Barry G. Margolis, co-chair of the firm's litigation department, fashioned an appellate strategy and argument convincing the Court of Appeals to reverse a First Department decision effectively permitting a sponsor/commercial tenant calcluating rent escalations under a commerical lease to derive the benefit of tax abatements and exemptions specifically mandated for residential tenant-shareholders.

This dramatic reversal decision not only materially improved our client’s bottom line, but it also sets a precedent by which similarly situated cooperatives may benefit.

To read the full text of the decision click here.

To watch video of the oral argument click here. (Requires Windows Media Player)

To discuss how your cooperative may benefit from this decision, contact Mr. Margolis directly at bmargolis@agmblaw.com or 212-201-1174.

Read full article ...

AGMB ALERT: New Lead-Paint Rules Applicable to Renovators and Maintenance Professionals

After approximately twenty years of delays, the Environmental Protection Agency (EPA) has instituted a new regulation mandating renovation and remodeling contractors to be certified in techniques for containing lead dust resulting from interior work. The EPA ‘s new guidelines are being established to protect children during renovation, repair and painting activities that disturb Lead-Based Paint. In addition to being certified and trained in required “lead safe” work practices, the guidelines also require contractors and other maintenance professionals to follow protective work practice and testing standards.

The rule applies to work done by renovators and maintenance professionals working in any residential housing built prior to 1978. This includes coops, condos, child care facilities and schools. Failure to comply with the new regulations can lead to fines over $24,000 per day of non-compliance. Tenants and purchasers of residential properties built before 1978 are already required to be provided with the EPA pamphlet “Protect your Family from Lead in Your Home.” Contractors must now also provide the additional lead hazard information guide “Renovate Right: Important Lead Hazard Information for Families, Child Care Providers and Schools.”

For more detailed information on the new lead paint regulations, consult the EPA’s website by clicking here. For all of the purchase and sale needs of your clients generally, please contact Neil B. Garfinkel, Esq. and Michael C. Xylas, Esq. of Abrams Garfinkel Margolis Bergson, LLP at
ngarfinkel@agmblaw.com and mxylas@agmblaw.com and (212) 201-1170.

Read full article ...

AGMB ALERT: MAJOR CHANGES TO RESPA EFFECTIVE JANUARY 1, 2010

Effective January 1, 2010, major changes will be made to alter the existing Real Estate Settlement Procedures Act (RESPA).

To read a more detailed summary of these changes and some suggestions for an easier transition please click here .

To view the new form of Good Faith Estimate (GFE) click here . To view the HUD-1 Settlement Statement please click here .

If you have any further questions regarding this subject matter please contact Neil Garfinkel at (212) 201-1173 or ngarfinkel@agmblaw.com, Michael Xylas at (646) 473-7567 or mxylas@agmblaw.com, or David Koshers at (646) 473-7561 or dkoshers@agmblaw.com.

Read full article ...