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
What can contribute to the value of my business?
Selling your business will involve different actions which include placing the proper value on your enterprise. The most accurate value could help you reap the greatest possible price from a seller. To properly valuate your business, you should know the different...
Can you align estate and succession planning?
Including your business in your estate plan may seem an overwhelming task. However, with the right strategies, you can successfully align both your estate plan and your succession plan. With a coordinated strategy, you can feel confident about the security of your...
Are estate planning and business succession planning related?
Even with exceptional people in leadership roles, business owners still worry about the day-to-day operation of their organization. They also consider the future of the business and how new leadership of the company will run the office after they’ve left. For this...
Pandemic recovery grants a lifeline for many NY businesses
Have you suffered financially as an owner of a small New York business from the unprecedented COVID-19 fallout of the last year-plus? It’s a fair bet you did. Candidly, who didn’t? Governor Andrew Cuomo and other state lawmakers know well the material dislocations...
Small business changes: Will the pandemic spur some upsides?
The adverse effects of the unprecedented COVID-19 pandemic can hardly be overstated. The health scourge has taken a huge toll on individuals and families across the country and globally, in both myriad and painful ways. It certainly merits noting from the perspective...
There are many business types: Which one is best for you?
It depends. If you are a regular reader of business law articles and reports, you might have guessed that a less-than-absolute answer like the above response would feature concerning a query about business entity selection. Here is why: It is truly the case that a...
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...
Why do people fail to pay for services?
You run a company that provides a service, such as a contracting company that builds residential homes or a remodeling company that improves existing homes. Every now and then, someone fails to pay. This can be very detrimental to your financial future, and it can...
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...

