Business

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...

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...

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...

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....

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...

You’re interested in running a business, and you’ve recently purchased some real estate. You think that the building will be perfect for your company. It will take some mild renovations, but you’re willing to invest the time and effort. Unfortunately, you’ve...

Every party you work with, including shareholders, partners, employees and possibly clients, should sign an agreement. Contracts are crucial, and they can tell you are responsible. But how soon should you give a party a contract? Here is what you need to know about...

Sure, your business is pretty small – but it’s also pretty profitable. You’ve taken all the right steps along the way, including structuring the business as a limited liability company (LLC). So, why is your company’s prospective landlord asking for a personal...