When starting a business or joining a business venture as a partner, there are numerous factors you need to consider. Business planning and formation are crucial to the beginning phase of the company; however, the documents drafted and contracts created at the start...
When you are starting a business, you have many concerns. However, after the business is formed and operating, you might begin to question how best to manage your private business. One question you might face it to whether it should be closely held or not. What is a...
The limited liability company, or LLC, is a popular legal format because, unlike a sole proprietorship, it gives the owners some protection from liability for the company's debts. And, compared to a corporation, starting and managing an LLC entails fewer legal...
As a small business owner, you might take pride in the strength of your word. In fact, you may even rest your business dealings upon it. But when the other party to your agreement fails to uphold their end of the bargain, you can be left holding the bag, which can...
The discovery process stands as a critical juncture in the realm of business litigation. It wields significant influence over the parties involved. During the discovery phase, both parties exchange evidence, and it ultimately sculpts the trajectory of the litigation....
When businesses in New York get involved in business litigation, the decision-makers usually know that they may be in for a long slog to reach an end result in the case. And, between the start and the end of the case, there will likely be many steps to complete along...
If you are planning to own a business in New York, two of the most popular options are starting up a new business or purchasing a franchise. Understanding the practical differences between these choices is essential for making an informed decision tailored to your...
Partnerships can be a useful way to start and run a New York business. However, disagreements, disputes, retirements and the desire to move on might necessitate a dissolution of the partnership. Regardless of whether the end of the partnership is contentious or...
There are several reasons you may need to dissolve your business and there are steps to consider before closing your doors. Business closing Depending on the business type and your industry, the steps may vary slightly but it is important to first check any legal...
If you are an employee or an employer in New York City, you may have encountered or used a non-compete clause in your employment contract. Non-compete clauses are often used to protect an employer’s trade secrets, confidential information or specialized skills that an...