Hiring your first employee marks a significant step for any business owner. As your team grows, clear written policies protect both your company and the people who work for you. A well-drafted employee handbook sets expectations, reduces misunderstandings, and creates...
Business
Passing a family business to the next generation: legal and estate steps
For many small and medium-sized business owners in New York and New Jersey, a company represents decades of work and family legacy. As founders look toward retirement, ensuring the business continues under the next generation becomes a priority. Without a structured...
Key provisions to include in a New York employment contract
Hiring employees without clear written terms can create risks for New York businesses. Disputes over pay, duties or termination can become costly. A clear employment contract sets basic expectations before work begins. What compensation terms should the contract...
What happens to business contracts when you sell the company?
Selling your company does not automatically transfer every contract to the buyer. Some agreements can continue under the new owner, while others may require consent, remain with you or need replacement. The outcome depends on the structure of the sale and the terms of...
3 essentials before buying a restaurant in New York
The restaurant industry in New York is a behemoth. According to the National Restaurant Association’s 2026 factsheet, New York’s restaurant and food services sales reached $98.4 billion from the previous financial year. This is a promising sign for people who are...
How can you pick the best business entity for tax savings?
When you start a business in New York, one of your first big choices is how to structure it. The most common options are sole proprietorships, partnerships, limited liability companies (LLCs) and corporations. Each type affects how you pay taxes, how much paperwork...
Does my start-up really need contracts?
If you are starting up a business, you might be unsure about when -- or if -- you need to use contracts. You might even deal with others who insist you do not need to waste time drawing up one up, especially since you're still a small operation. Some people may even...
Effective ways to resolve business shareholder disputes
Disagreements between shareholders can disrupt business operations and harm profitability. Resolving these disputes effectively is crucial for maintaining stability. While disputes can arise, they can also be resolved efficiently. Open communication, well-drafted...
Preparing your children to take over the business
A significant number of businesses in the U.S. are started by families. As a business owner, you may wish to keep this going once you step down. While including your children in a succession plan can be beneficial, it’s important to prepare them as well as possible....
Choosing the right business structure for your family enterprise
If you and/or you and your spouse are entrepreneurs, you might want to establish a jointly-owned family enterprise that you can pass down to your children. Building an empire for the next generation is an excellent way to establish a memorable legacy. Furthermore, you...


