When you launched your business, you likely chose a legal structure (corporation, limited liability company or LLC, partnership, etc.) that fit your goals, resources and risk tolerance. But as your company evolves, your original setup might no longer serve your best...
When you are close to someone, emotionally, financially or both, it is easy to skip the paperwork. You trust each other. You talk things through. Maybe you helped them launch a business or worked on something together. But when things go wrong, you may wonder if the...
Business partners don’t always work together as efficiently and cooperatively as they may have hoped. Disputes do arise and need to be resolved, sometimes through litigation. But why would these disputes happen? Every situation is unique, but the following are a few...
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...
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...
A business partnership is a commitment between two or more people to work together toward a common goal. Much like a marriage, both parties thrive on communication, loyalty and consensus. Sometimes, partners disagree on important decisions and they can't find a way to...
The gig economy keeps growing, which means businesses face new challenges as rules change. These regulations aim to give gig workers more protection, but they also force companies to change how they operate. To keep things running smoothly and stay profitable,...
Environmental, social, and governance (ESG) factors have a big impact on how new businesses start. Companies must consider ESG elements as they form new entities and create plans to meet rules and provide what customers expect. Environmental factors New businesses...
Businesses need to focus on data security to protect important information and avoid expensive breaches. Good strategies can lower risk and keep customer trust. Train employees on data safety Employee mistakes can cause data breaches. Training employees on phishing...
Recent updates in intellectual property (IP) laws are designed to protect creativity in today's business world. While these changes benefit many, they can also pose challenges for small businesses trying to keep up with the new regulations. Knowing how to navigate...
