Mandatory arbitration clauses require parties to resolve disputes outside of court through arbitration, a private process where an arbitrator makes binding decisions. Many businesses prefer arbitration in order to avoid the cost and unpredictability of litigation....
Running a business can be difficult in New York, especially as a start-up. It can seem like an overwhelming maze of laws, regulations and concerns when trying to get financing, garner a foothold, advertise, attract customers and, hopefully, become a success. When...
When you finally decide it is time to open your own business, you may be excited to hit the ground running. But running a successful business requires careful planning and this starts with a good business plan. What is a business plan? A business plan is a written...
Business formation and planning in New York can be complicated, no matter which type of structure you choose. That said, some types are more complicated than others. It can be extraordinarily complicated to start a corporation. These business entities provide great...
You have several business structures to choose from when creating your business. For many, a partnership makes the most sense, because it allows them to retain a significant amount of control over the business while allowing them to maximize their profits. Despite...
New York corporations have a specific structure that is designed to ensure they operate within the law and in the shareholders’ interests. Directors and officers are key to the business functioning optimally and within the law. However, if there are allegations of...
Many disputes can arise in a closely held business. Income, control and decision-making authority are amongst the most commonly contentious issues faced in these businesses. If you don’t know how to properly navigate them, then your business operations can suffer, and...
A contract dispute can cause significant disruption to your business and cost you time and money. Sometimes contract disputes are unavoidable, but there are steps you can take in the early stages of a potential contract dispute to prevent it from escalating. Raise the...
Many New Yorkers may be in a situation where they can rent a property or even part of a property they own to make some additional income. Even if it ultimately does not segue into a full-time career in rentals and investment real estate, acting as a part-time landlord...
Starting a business in New York requires careful planning and the preparation of key legal documents. Depending on the type of entity you are forming, whether it is a limited liability company, limited partnership, corporation, etc., there are different rules for how...