Minority Shareholder Rights in New York
Minority shareholders in closely held corporations often face challenges in influencing company decisions and safeguarding their investments. With limited control, they’re subject to majority shareholder or executive decisions, which can sometimes lead to oppressive practices. However, New York law provides protections that grant minority shareholders some oversight and, in certain cases, legal remedies to protect […]
What is Business Disparagement?
Business disparagement, also known as commercial disparagement or trade libel, refers to the publication of false or misleading statements that negatively impact a business’s reputation, financial standing, or economic interests. These false assertions can cause significant financial harm, including lost revenue, damaged business relationships, and a tarnished public image. Unlike defamation, which focuses on harm […]
What is Tortious Interference?
In the business world, companies face many threats that can affect their operations and profitability. One of those threats is tortious interference, when an outside party intentionally disrupts another company’s contractual or business relationships, causing economic harm. This can take many forms, hindering an existing contract or a potential business opportunity, both of which can […]
What Type of Business Entity is Best For My Company?
Choosing the right business structure to conduct business is the first step in starting a new business and can make all the difference in your business’s success. The type of structure you choose will determine your legal liability, tax obligations, and how you run your business. With sole proprietorships and partnerships to LLCs and corporations […]
LLC vs S Corp in New York
Choosing the right business structure is one of the most crucial decisions entrepreneurs face when starting or growing a business in New York. Among the most popular options are Limited Liability Companies (LLCs) and S Corporations (S Corps), each offering unique benefits and challenges. Understanding the differences between LLC vs S Corp can help you […]
Protecting Intellectual Property in New York
Intellectual property is a business asset, it’s creations of the mind such as inventions, literary and artistic works, symbols, names and images used in commerce. Protecting these intangible assets is key to innovation, competitive advantage and economic growth. In New York, a business and innovation hub, IP protection is critical. You need to protect your […]
When Can Your Business Be Sued for Wrongful Termination?
New York businesses can, in general, fire employees for any reason. But there are limits to this “at-will” employment rule. If you’re an employer, you may have a perfectly valid reason for firing a worker. But that won’t necessarily stop an aggressive plaintiff’s lawyer from accusing you of wrongful termination. If you’re facing claims of […]
Preventing Discrimination in Performance Reviews
There are many forms of employment discrimination, some more obvious than others. New York businesses are wise to take steps to avoid unfairness, real or perceived, in the workplace. However, one area that many companies may overlook is discrimination in performance reviews. If your business has been accused of discriminating in its employee evaluations, you’ll […]
How to Sell a Business in New York
If you’ve decided to sell your business, you have a few options available for doing so. Each one depends on several factors including how fast you want the sale to be completed. Regardless of how you sell the company, it must be done correctly so your rights and interests are protected. Selling a business can […]
When Your New York Business May Need an Attorney
Any company that has employees will likely require the services of a business lawyer at some point. Employment issues are complex and can affect your business in ways you may not have considered. Federal, state, and even local laws and regulations may govern the relationship your company has with its employees. There are several situations […]
