Partnerships are a common way that entrepreneurs in New York start companies. The structure has a lot of benefits. All the partners involved have a stake in the business. They bring different needed skills to the table, whereas a sole proprietor must be totally...
Lawsuits over alleged breaches of contract in New York and around the country can be prohibitively expensive to litigate and drag on for years. They also take place in a courtroom, which means the matters discussed become fodder for public consumption. Dispute...
A New York business generally has the right to operate as a limited liability company. This is often true even if the company has a single owner. Many entrepreneurs opt for this form of legal entity when they are establishing a new venture, as it protects their...
Individuals in New York become guilty of breaching their fiduciary duties when the entity fails to take actions that represent the best interests of a client who placed their trust in the fiduciary. Business and commercial law recognizes a fiduciary duty whenever one...
Many New York residents who are interested in the latest electronic devices tuned in on Nov. 10 to watch Apple Inc.'s product announcement event. What they may not have known is that the event was held at the same time that a federal judge in California was making an...
In the United States, commercial contracts between two parties are generally settled using common law and state statutes. If two businesses are involved in a dispute over a contract, the dispute is usually resolved under the terms of the Uniform Commercial Code. Each...
Large corporations and entities operate like machines: they are established and work out long-term plans to continue their growth through changes in leadership. For massive businesses, the turnover of a leader may mean little to its daily operations. However, when a...
Business contracts are likely the most important documents a business owner rely on when running a business. Making sure the contracts are enforceable and have the key elements that pertain to your business will ensure that it is protected in the event of a contract...
Many people in New York have come to rely on their cars and vehicles. People drive them every day to get to work, go to the grocery store, go to restaurants, go to see friends and family, for entertainment purposes and other reasons. This means that there are many...
You draft business contracts to take advantage of opportunity and work with other professionals. Could the agreements you create become an unintended liability? Forbes explains several ways that entrepreneurs ruin their contracts with avoidable mistakes. If you have a...
