It is rare that a business in New York owns the property from which it operates. Most businesses rent commercial space for their store/restaurant/warehouse or other venture. Thus, the owners of the business will be party to a lease with the owner of the building that houses the business. This lease becomes an important piece … Read More
How do you out-vote or overrule a minority LLC Member? It is fairly easy, thanks to the LLC laws in effect in New York. This is assuming, of course, that your LLC operating agreement doesn’t provide something else. But since so many LLC’s go without operating agreements (against my advice), let’s look at the requirements … Read More
When you are buying or selling a business and the business is operated by a corporation or LLC, you have the option of an asset sale versus a stock sale. What is the difference, you ask. Let me explain. LIABILITIES FOR DEBTS Scenario 1: The business is operated by a corporation. All of the business’ … Read More
Buying a New York business involves many steps, legal considerations and documents. I think almost anyone would be well advised to seek the help of a New York business attorney to make the purchase successful and legally sound. This post is designed to give you an overview of my usual involvement in the process of … Read More
I wish every small business that all its clients and customers always pay what is owed. Unfortunately, we know this not to be true. At a certain point, all small businesses face the dilemma of either writing off an unpaid invoice or trying to collect it in court. But there are measures you can take … Read More
You do not have to rely on the goodness of human kind alone, when going into business with other people. There are legal (agreements) and practical measures (business common sense) that you can take to make sure that your business investment in a limited liability company, corporation or other entity does not fall prey to … Read More
Let us help you with your New York LLC Formation! Call us to discuss your legal concerns and any other questions you may have about the process of forming a New York Limited Liability Company. We are not a paralegal service where you don’t get to speak to a real New York attorney. We are … Read More
