MINIMUM WAGE INCREASE Effective December 31, 2020, New York State minimum wage has increased once again. The present minimum wages are as follows: • New York City $15.00 per hour • Long Island and Westchester $14.00 per hour • Rest of…
The Coronavirus is now the hot topic of conversation that has not only swept through American households, it is also a major concern for employers. Employers have been asking two central questions as the disease appears to be spreading: (1) How do I protect my employees from possibly contracting the virus; and (2) What are…
Estate planning is a process that allows you to state how you want your personal and financial assets to be distributed at your death and plan for incapacity. By being proactive, you have control instead of other people or legal rules making those decisions. As you begin (or update) your own estate planning, here are…
Best practice any time you enter into a business-related agreement is to put it in writing. This not only ensures there is no misunderstanding between the parties, but provides a multitude of benefits in the event of a dispute because it gives each party certain rights and remedies under the law. Generally, a contract must…
Every new year brings significant changes to New York’s labor and employment laws that employers must be aware of to protect themselves from potential exposure from Department of Labor audits, private lawsuits and other employment-related problems. Minimum Wage Increases New York State has increased the minimum wage each year for the past 4 years. For…
Due diligence is a necessary part of any business transaction. In the context of buying or leasing commercial property, the goal of due diligence is to review and analyze all relevant information which bears on the property or the seller/landlord in order make a well-informed decision about moving forward with the acquisition or lease. The…
Google words like “wills,” “trusts,” “power of attorney,” and other estate planning terms and you will find links to websites offering free or low-cost forms available for download. These sites tell you that you can DIY your own estate planning documents; why hire an attorney when you can prepare your own documents and save money?…
It is not unusual to experience some dissatisfaction with a contract after signing it. People seldom get everything they want, but sometimes they inadvertently agree to something that’s bad for business. Most of the time, you cannot do anything about it after the fact. Contracts are legal documents and give the parties the right to…
Just when you thought you were done updating your employment policies for the year, New York passes more employment laws. It has been an active 2019 with a host of recent legislation imposing additional obligations and potential liability on employers. Here is a summary of the most significant changes: Sexual harassment. In addition to last…
The goal of long-term care planning is to ensure individuals can get the proper care and support they need when they need it. While long-term care can involve various services, given in different settings, the associated costs are often a significant financial burden on families. As a result, the best time to think about your…
Nassau County recently announced a new service designed to alert county residents of fraudulent property record filings with the Nassau County Clerk. “Nassau County Property Fraud Alert” is an electronic notification service that alerts residents via email any time a land record document (deed, mortgage, lien, etc.) is recorded on their home. Suffolk County has…
Commercial leases are complex and can be intimidating to tenants who may have less power in negotiations. Even worse, the effects of a bad lease can last for years. If you must move or if your business fails, you may still be on the hook for payments. That’s why it’s crucial that you fully understand…
