Simply being a business owner can make you the target of a lawsuit. It’s rare for any company to go through its existence without facing the threat of litigation from some corner. When your business is facing a lawsuit, it’s easy to slip into panic mode. Fortunately,...
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Business Law
Understanding your options when it comes to business law issues
There is no doubt that businesses in New York face challenges every day, and this year has been much harder than most. When the goals are to maintain profitability, expand and hire good workers, the difficulties a company faces are challenging enough. However, when...
Limited liability company for self-employed and small businesses
A business owner in New York has several responsibilities. One of them is picking the best company structure for legal and tax purposes. A popular option has become the limited liability company, or LLC, for those who are self-employed. This is also a viable option...
The fair use defense in copyright lawsuits
Fair use is one of the most common defenses mounted in copyright lawsuits. Defendants who make this argument claim that they did not need to obtain permission to use protected intellectual property because they used it for a purpose that copyright laws allow. What is...
Could a well-written contract keep your business out of disputes?
You rely on a wide variety of different contracts to keep your business running. Lease or purchase agreements give you a place to do business. Contracts with suppliers ensure that you can provide quality products and services to your customers. Employee contracts...
Business law: business exit strategy
The main asset for entrepreneurs in New York and across the United States is their business. A time comes, and they feel that they want to exit a particular business. At this point, having an exit strategy is an essential thing. This is where financial advisors come...
BUSINESS LAW: BUYOUT AGREEMENTS
In New York and across the US, individuals who co-own a business with other business partners need to have a buyout agreement or buy-sell agreement in place when creating a partnership agreement. The buyout agreement is a legal contract that determines how the future...
Do you know how to resolve a business partner dispute?
When you go into business with a partner, you do your best to protect yourself. For example, you enter into a contract that clearly outlines the responsibilities and legal rights of both individuals. But even if you take the right steps up front, you could still face...
What to consider before engaging in the merger process
A merger occurs when two business entities combine into a single company. In many cases, one company remains intact while the assets and liabilities of the second entity are absorbed into the remaining organization. There are many issues that a company owner in New...
The importance of a business plan
Entrepreneurs in New York and throughout the country are encouraged to create a business plan as part of the business formation process. The plan can be as general or focused as a founder wants it to be, and there is no requirement that it be finished by the time the...