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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...
As a founder, you have built a legacy – a business, a home and security for your family. That legacy deserves a plan that protects it all and a trusted advisor who understands the complete picture should be the one to guide it. True security, however, is not found in...
Many people choose to go into business with coworkers, friends or family members. They trust the other party and are aware of their resources or capabilities. Sometimes, people rush ahead with starting joint business enterprises without taking adequate steps to...
Successful business leaders occasionally list their companies for sale. Much like those selling their homes, business owners usually set a specific price. In some cases, they may receive multiple offers, leading to a bidding war. Those hoping to acquire an existing...
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...
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...
One of the things that a business owner has to decide is what type of business structure they use. Some new entrepreneurs opt to use the sole proprietorship model. However, that might not be the best option. In many cases, a limited liability company is a better...
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...
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....
When business partnerships work well, they can be a huge benefit to everybody involved. When business partners have a falling out, however, the end results can be disastrous both personally and professionally. A dispute between you and your business partner can...
