What Your New York Business Needs To Know About The Corporate Transparency Act
The Corporate Transparency Act is a federal law designed to prevent certain illegal financial transactions. Recently created regulations known as the Beneficial Ownership Information Reporting Requirements have effectively implemented the law. If you formed a New York limited liability company or corporation, you’re subject to these laws and regulations. The New York business lawyers of […]
Tips For Making Your Business Mediation A Success
Mediation is a form of alternative dispute resolution that allows parties to handle disagreements outside of court. Whether a lawsuit has already been filed or is merely threatened, business mediation can defuse the situation. The goal of mediation is to save time, money, and stress by avoiding protracted litigation. Successful mediation can also allow the […]
What Makes a Contract Not Enforceable in New York?
Contracts are essential to good business. They help ensure that parties to an agreement carry out the promises they’ve made. But just because a document is called a contract doesn’t mean the courts will enforce it. Some agreements don’t meet the necessary legal criteria to be considered contracts. Others violate public policy or have some […]
Asking Employees to Work “Off the Clock” Could Land Your New York Business in Hot Water
Employers are always looking for ways to cut costs, and are never short on creative ways to do so. While they have the right to save money, they have to obey the law. Unfortunately, many New York businesses are unfamiliar with federal and state wage and hour laws. In particular, they don’t understand that asking […]
Important Steps to Voluntarily Dissolving Your New York Business
Many businesses at some point come to an end, and the time comes to dissolve them. However, terminating a business is not something that can be done overnight. To protect your rights and tie up loose ends, there are some essential steps you need to take when dissolving your business. Our New York business attorneys […]
Does Your Business Need A Privacy Policy?
Business owners are always working to stay one step ahead in the compliance world. They also understand the wisdom of mitigating risks by addressing potential problems before they arise. One question that New York businesses sometimes have is whether they should adopt a privacy policy. The answer, as with many legal questions, is: it depends. […]
Is Your New York Business Violating Overtime Laws?
It’s the responsibility of every New York business to make sure it follows state and federal wage and hour laws. One area where many employers get in trouble concerns overtime laws. If your company fails to pay its employees the overtime they earn, you could be facing major legal penalties. Don’t expose yourself and your […]
What Are Your Options If Someone Defames Your Business?
Most people think of defamation as saying or writing something that unfairly damages an individual’s reputation. However, business defamation is a common occurrence that can have real-life consequences for companies. If someone libels or slanders your business, it could cause reputational damage and financial losses for your organization. This action is also known as trade […]
How A Business Succession Plan Can Benefit Your Small Business
Every business owner knows that sound planning is essential to success. That means preparing for both the unlikely and inevitable changes that your organization will confront. Business succession planning is key to ensuring that your company can adapt to any contingency that may arise. Small businesses, especially, should consider enacting a plan to protect their […]
Will the FTC Ban Non-Compete Agreements?
The Federal Trade Commission (FTC) has signaled its intent to outlaw non-compete agreements, a rule that would affect businesses nationwide. The proposal comes amidst aggressive FTC action against non-competes in general. Once finalized, this rule will almost certainly come under legal attack and may not ultimately survive. Regardless, if you’re a business owner and employer, […]
