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A lot of business formation and planning is focused on finding the structure and practices that best strike a balance between operational control and risk mitigation. It’s not an easy feat, although the process can seem rather simple at first glance. To best protect...
Businesses can come in one of several legal formats, each with its own advantages and disadvantages. These can range from relatively straightforward sole proprietorships to highly complex corporations. Somewhere in between these extremes is the closely held business....
A trademark can be extremely valuable to your business. It can build brand recognition and serve as a symbol of quality and goodwill. But creating and policing a mark can be more complicated endeavors than many people realize. That’s why as you navigate your...
There are a lot of different ways that you can structure your business, which makes it an important consideration as you’re getting your endeavor off the ground. That’s why you should take the time needed to educate yourself on your options so that you can choose the...
In New York, protecting one’s intellectual property is a fundamental part of maintaining and growing a business. Since the basics are often changing, this can be a complex area that many business owners are unaware of how to navigate. For example, if an entity owns a...
New York was, and continues to be, one of the largest commercial real estate markets in the world. According to New York City mayor, Eric Adams, commercial real estate in New York City managed to maintain 92 percent of its value, despite the challenges of the past few...
Whether it is the Nike “swoosh” or McDonald’s “Big Mac” trademarks are part of our every-day lives. Trademarks are significant and valuable assets to any business, and businesses need to ensure their trademarks are fully protected. This means ensuring trademark...
A New York business may not need a patent, copyright or trademark to protect its valuable trade secrets. Indeed, in some cases, a business trade secret would not be eligible for such protection. New York is a bit different than most other states in that it does not...
Formally creating a business is only the first step of a lengthy and difficult process. Businesses also have to set up agreements with suppliers and customers, and there may also be issues with insurance and the hiring of employees. But the biggest problem for a...
When the last tax bill passed, there was a lot of press around the State and Local Tax Deduction, otherwise known as the SALT deduction. This deduction allows taxpayers and businesses to write off the amount of state and local taxes they pay to reduce their federal...