The business formation process features numerous important steps. Aspiring business owners need to consider different structures for their company. They need to research the industry in which they hope to operate. They may need to seek out insurance coverage and...
It may seem counterintuitive, but in New York, an individual can lawfully obtain ownership of real property through a legal doctrine called adverse possession. This process unfolds over a substantial period and requires strict compliance with statutory criteria....
When multiple individuals own a business, planning for future transitions is essential. If one partner departs, dies, or wants to sell their ownership interest, the absence of a formal agreement can create legal and financial complications. A buy-sell agreement helps...
Starting your own business means making smart choices early on. One of the most significant decisions is selecting the right structure. Many people ask whether an S-Corp might be a better option than a basic LLC. If you're starting in New York, it's important to...
If someone is injured due to another person's negligence, they may be able to file a personal injury lawsuit. However, there are strict time limits that can impact the ability to pursue legal action. In New York, these time limits are set by the statute of...
Forming a business partnership in New York offers many benefits, but it also creates potential liability. Each partner may become personally responsible for the business’s debts and legal obligations. However, there are ways to reduce this exposure and protect your...
Starting a business involves many important decisions. One of the first, and most important, is choosing the business's legal structure. This choice affects taxes, personal liability, and how much control the owner has. Common structures include sole proprietorships,...
Probate can stir up strong emotions, especially when it involves money or property. Disagreements often lead to court battles that delay the process and increase stress for everyone. Knowing the common issues helps you prepare for what might come. Will contests One of...
Eminent domain allows the government to take private property for public use. If your property is affected, you may have questions about how the process works and what rights you have. Understanding eminent domain can help you protect your interests. What is eminent...
Contract misrepresentation occurs when one party provides false or misleading information to another, leading the other party to enter into an agreement under false pretenses. In New York State, misrepresentation in a business contract can have serious legal...
