Merging two businesses is a difficult undertaking and it should only be done if the reward is better than the time, effort and money that it will consume as you complete the transaction and work to unify the two companies as one. Two companies can merge for many...
Year: 2021
Handling a breach of contract in New York
Breach of contract can be difficult to navigate even for an experienced business owner. Notably, how you handle a breach of contract can have long-lasting business consequences, so it is important to take the time to understand all legal considerations. Compensatory...
Why finance and law are inseparable
Regulation is necessary to keep the finance industry working. Finance and law are so intertwined that New York professionals can even change careers between the two. The actual work of financial and legal professionals is technically different, but their competencies...
Do you need a business lawyer before you start a small business?
Business formation goes beyond writing up a business plan; organizing cash flow statements and balance sheets only begins to scratch the surface. The legal framework of the industry you're in also needs to be accounted for. New York law doesn't require small...
Mergers exchanging stock
New York is the ideal place to plan out a merger, having professionals ready to manage your company stock along the way. The act of acquiring or merging can both be done by issuing stock instead of paying out cash. You must decide if both cash and stock is preferable...
Avoid these mistakes that startups sometimes make
Starting a new business in New York can be the beginning of an exciting and profitable journey, but starting this new company will take a lot of preparation. During this time, it can be easy to make a few mistakes along the way. Save yourself a lot of potential...
Trademark during the business formation and planning stage
Starting a new business is very exciting and choosing the name, incorporating, and branding are often the keys to success. In New York, deciding to trademark your startup is fundamental during business formation and planning. A trademark guards your business against...
Taking your New York company public
Growth is assuredly the mark of a successful business, and the owners may need to consider the potential for offering shares to the public in an effort to raise operating capital. Cash flow is a serious issue for all businesses. However, making the move to going...
Is it a good idea to form a family LLC?
If you're like most people, one of your main concerns in life is protecting your family. When you want a way to provide this type of protection in New York, it's wise to consider forming a family limited liability company (LLC). With that said, forming this type of...
Green businesses may get tax credits
Business owners in Long Island and other parts of New York may want to learn more about the current credits they can receive if you are a green business. In addition to this, there are tax exemptions for sales related to green equipment. Per the New York State...