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...
Business
Reviewing a contract can take time
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...
The problem with a personal guarantee in a commercial lease
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...
Conflict resolution strategies for shareholder disputes
Conflict resolution strategies for shareholder disputes Regardless of the size of the business, shareholder disputes can and do occur. When stakeholders disagree, it can potentially disrupt company operations. These conflicts might arise for several reasons, and since...
What are some rights of shareholders?
Allowing people to buy shares of your company can inject needed cash into your enterprise. Making your business available to shareholders, however, also requires honoring their rights. A failure to do so could invite litigation from one or more shareholders. The exact...
Business contracts: a key focus from negotiation to enforcement
Thoughtful commercial principals across the New York City metro of course have a deep appreciation for the core role that contracts play in their enterprises. Contracts are the lifeblood for both startup entrepreneurs and established company owners. An authoritative...
What if I want to pass on my business to my children?
Family businesses have a special place in the American psyche. Knowing that a company has passed down from generation to generation imbues a company with a sense of wholesomeness in many customers' eyes. If you are a business owner looking at retiring soon, you may...
The advantages of buying a business
Becoming a business owner may have always been your dream, but that does not mean you have to start one from nothing. You have an alternative, which is to buy an existing business and then run it as you see fit -- either modifying it in some way or simply running it...
What should be in a business partnership agreement?
Creating a business with a partner or bringing someone else into your previously existing business can have huge benefits. A partner can help with investment, give a new perspective, help expansion and support growth. No matter the reason that you are creating a...


