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...
Most savvy business leaders in New York City and the surrounding communities know that litigating a dispute with another business is both costly and risky. Taking a court case all the way to trial can cost well into six or even seven figures. These costs do not...
It may have taken some time to assess your business needs and goals; however, you finally arrived at the conclusion that your best business structure is a Limited Liability Company, or LLC. When compared to major corporations, your LLC may appear small and simple, but...
When you’re starting a business, you don’t want to think about how it will end. Nevertheless, it is an essential consideration when creating a business. The future brings many unknowns, making it vital to consider the need to dissolve the business or transfer the...
Excitement is definitely warranted when you are thinking about starting a business in New York. Entrepreneurs with good ideas and the ability to work hard toward their goals may be uniquely suited to gain success. But, you have to start somewhere. The legal process of...
When you enter into a contract, you engage in bartered exchange. For the contract to be legally binding, then, there must be a meeting of the minds. But what happens when the other side seemingly tricks you into agreeing to a contract that turns out to be based on...
Many New York businesses are organized as partnerships. This is an effective strategy for running a business in several ways. It can let individuals of different backgrounds and skill sets work together to advance in ways they otherwise would not be able to; it can...