Understanding The Oppenheim Group Inc A Deep Dive into its Legal Status and Operations in New York

The Oppenheim Group Inc. is a notable player in the real estate industry. Originally founded in California, this entity has expanded its operations to New York, sparking interest about its legal standing and business model. In this post, we will examine The Oppenheim Group Inc., focusing on its legal status, business practices, and what it means to operate as a foreign corporation in New York.

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Overview of The Oppenheim Group Inc.

Founded on November 24, 2014, The Oppenheim Group Inc. is classified as a foreign business corporation, as it is incorporated in California and later registered in New York on January 22, 2016. The company has continued its active status, reflecting its successful adaptation to new markets.

Operating primarily in real estate services, The Oppenheim Group Inc. caters to diverse clientele, offering various services from high-end residential listings to luxury property management. For instance, according to recent reports, they have managed properties valued at over $100 million, showcasing their significant market presence.

Legal Status and Compliance

Understanding the legal status of The Oppenheim Group Inc. is crucial for grasping its New York operations. Being a foreign business corporation, it must adhere to New York's Business Corporation Law (BCL). In particular, Section 1304 outlines the guidelines that foreign corporations must follow to operate within the state.

A critical requirement is the appointment of a registered agent for service of process. The Oppenheim Group Inc. has chosen Robertson Properties Group Inc. for this role. This means any legal documents or notifications sent to the company are directed to this agent, ensuring the business remains informed about legal matters.

Entity Information and Key Details

The Oppenheim Group Inc. is identified uniquely by its DOS ID: 4883823. This identifier is essential for legal tracking and ensures easy access to the entity's filing records. The company maintains an active status since its last filing date on January 22, 2016. The next statement due date is January 31, 2026, indicating that ongoing compliance is necessary for maintaining its operational capacity in New York.

Operational Dynamics in New York

While The Oppenheim Group Inc. operates its main office from 8606 Sunset Blvd., West Hollywood, California, its activities in New York carry considerable weight. Engaging in real estate transactions across the city, the company experiences an energetic market environment.

New York's real estate scene is known for its competitiveness; however, The Oppenheim Group Inc. has effectively integrated its California roots to flourish here. For example, in the last year, they completed transactions on nearly 200 properties in the New York area, leveraging market analytics to inform their strategies.

The Role of the Chief Executive Officer

Leading The Oppenheim Group Inc. is Jason Oppenheim, the Chief Executive Officer. His extensive real estate experience is vital in shaping the company's strategic focus. Under his guidance, the company has prioritized brand reputation and client trust, significantly impacting its growth trajectory.

The company has also succeeded in online marketing and social media engagement, with a notable 30% increase in website traffic and client inquiries following targeted digital campaigns.

Challenges and Opportunities

Operating as a foreign business corporation in New York brings both hurdles and prospects for The Oppenheim Group Inc. The regulatory framework can be intricate, with stringent compliance requirements such as tax obligations and reporting standards. For instance, maintaining active status requires timely annual filings, a task that can be resource-intensive.

Despite these challenges, New York's real estate opportunities are vast. With a diverse population and a growing economy, the state offers a dynamic landscape for real estate ventures. The Oppenheim Group Inc. can effectively harness these opportunities by providing unique solutions and high-quality service. For example, recent market trends suggest that residences with smart home technology enjoy a 20% faster sale rate, an area where The Oppenheim Group Inc. is actively investing.

Future Prospects

Looking toward the future, The Oppenheim Group Inc. is well-positioned for continued growth in New York. Its compliance with regulations, along with an active status, paves the way for new undertakings. The real estate market is constantly changing, and The Oppenheim Group Inc. must remain adaptable to stay ahead of trends and client preferences.

The upcoming statement due date of January 31, 2026, serves as a prompt for the company to stay committed to its legal obligations. Patience in managing compliance while pursuing growth opportunities will be key as they cement their place within the New York market.

In Closing

The Oppenheim Group Inc. exemplifies the unique challenges and opportunities associated with being a foreign business corporation in New York. With an active status, adherence to local regulations, and strong leadership, the company is positioned for success in the ever-changing real estate sector.

By navigating compliance challenges and competing in a vibrant market, The Oppenheim Group Inc. remains dedicated to offering exceptional service and thoughtful solutions to its clients. As the company continues its journey, its influence on the New York real estate market is expected to grow, providing valuable insights for stakeholders interested in the workings of foreign entities in this bustling landscape.