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...
Getting a business idea down in writing is a big step to take for those wanting to start a business in New York. However, this is only just the beginning of the process. Once a business plan is in place, the business needs to be legally formed. But before you can move...
In New York, running a business is a daily grind whether it is a small, medium-sized or large business. It is imperative to stay one step ahead of the competition and understand when certain decisions are necessary to move forward and advance. Part of that is deciding...
Disputes over intellectual property are becoming more and more common. With innovation being a key with running a successful business, it can be difficult for employees to formulate new creations while simultaneously worrying about whether they will benefit from it...
It is a rare day when a person manages to save up all the money they need themselves to get their business idea off the ground. Even after the business opens, it can take several months before it starts to turn a profit. While the founders of the business may be able...
To some extent, closely held businesses, including family businesses, can face the same legal problems as any other business organization. However, family businesses in New York City and the surrounding suburbs may more frequently run into legal problems related to...
Many people are familiar with the real estate purchase process, either because they bought a home or a business. There is another type of real estate arrangement that they may be less familiar with, however, called a real estate joint venture. A real estate joint...
If a person is new to business, they may not know what a buy-sell agreement is and how it applies to their operations. Buy-sell agreement overview A buy-sell agreement is sometimes also called a buyout agreement and it is used by business owners to plan for future...
There are several reasons a business owner may need to dissolve their business, but they may not know how to go about it. There are financial, legal and operational items to consider. Reasons for dissolution Businesses commonly decide to dissolve due to financial...