Partnerships are very common business entities throughout the state of New York. They vary significantly in size and scope, ranging from small family partnership businesses to large enterprises that combine the assets and business knowledge of multiple entrepreneurs....
In New York and around the country, the term “liquidated damages” often refers to an entire clause or section of a contract as well as the money involved. These are damages that a party who breaches a contract is required to pay when proving actual damages would be...
Your business has too many assets to take lightly. Every important business agreement needs to be written down and legally binding to anyone who signs it. There are certain contracts that every growing company in New York needs to protect its assets. Lease agreement A...
New York is one of the largest business hubs in the United States. If you're thinking about launching a new venture, you'll need to choose the type of legal entity it will operate under. Here's more information about the main types of business formations. Partnership...
SOF, also known as the statute of frauds, is a legal concept pertaining to contracts that should be enforced in writing. The statute is for contracts for goods worth $500 or more and contracts for the sale of land. If you live in New York and need to know more about...
If your company is structured as a general partnership, your partner can sell his or her stake in the business without your consent. However, if this happens, you have the right to dissolve the partnership and ask a New York judge to oversee the distribution of the...
Conducting business in New York and many other states involves preparing and signing contracts. With so much time and effort getting put into creating a contract, it makes sense to ensure this document gets prepared correctly. Here are a few situations that would make...
New York residents sign terms and conditions agreements on a daily basis on the Internet that are required by many online services, and very few if any ever read exactly what is included in the language. In the case of Amazon, buried within their agreement is a clause...
After you have a business plan, you need to get the funding to launch your business. If you don't have enough of your personal money to start the business, you can secure funding from different types of lenders or crowdfunding. Business credit Business credit cards...
Has the company you work for asked you to sign a non-compete agreement, even if you are a part-time employee? Many New York companies have started the practice for all kinds of fields, but you should think twice about putting your signature on the dotted line no...
