In New York and across the nation, business and sports have become increasingly intertwined with team ownership rapidly changing from families to corporations. That has raised attention to business law issues that many laypersons might not have focused on in the past....
Business owners in New York enter into many contracts. A business owner usually takes the time to make sure these contracts are valid. A valid contract contains three elements: An offer of value in exchange for a company’s goods or services. The offer was accepted by...
You may have built a business in New York from the ground up, perhaps with several partners. It has seen significant success and has attracted investors. In such a situation, you may decide that you want to incorporate. The following is an overview of two corporate...
Partnership disputes are a concern most new partnerships wish to avoid. For that reason, parties entering into a partnership agreement should be familiar with what to include so they can help avoid a partnership dispute down the road. Elements of a partnership...
When forming a business entity, whether it is a partnership, a limited liability company or a corporation, it is always good to have a contingency plan in place. Planning for the unexpected, like when a partner leaves the company or falls ill, is crucial for keeping...
The entrepreneurial spirit is alive and well in New York, and many New Yorkers will decide to go into business for themselves. When doing so, they will have to choose a business structure. It is important to understand that different business structures offer...
There are four primary business forms that new business owners can choose from when setting up their business. The importance of business form selection should not be overlooked because of the impact they can have on the operation of the business; for that reason, new...
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,...
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...
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...