Are you thinking of selling your business? Beyond determining an acceptable selling price, there are quite a few legal issues that need to be considered. The first issue that you should consider is whether to sell the assets of the business (both tangible and intangible) or the shares of the corporation (if incorporated) that operates…
I have just become aware of a new scam targeting attorneys, which would also be “effective” against any company issuing checks. Please read the article below so that you do not become the next victim. The scam is very simple and involves the use of the technology that allows for the deposit of checks remotely…
While e-mail has greatly increased the potential for better business communication and information access, it has its downside. Few employers have yet to fully appreciate the extent to which company e-mail increases their potential liability and few have taken steps to reduce the risk. E-mail’s “oral-like” feel is deceptively dangerous, since employers and employees may…
As the new year begins, New York State is imposing a hefty new obligation on virtually all employers. As a result of the Wage Theft Prevention Act enacted last year, all private sector employers in New York must give each of their employees an annual written notice known as a “Notice of Pay Rate and…
As we now start the new year, and begin a new decade, it is a good time to do a bit of self examination and determine what (often ignored) personal and business legal issues may need to be addressed, and make a resolution to address those issues in 2010. Personal Legal Matters. On a personal…
Are you a business owner? If so, have you considered what might happen to your business if something happened to you tomorrow? Do you have a workable business succession plan in place in case you die, or as some might think, something even worse happens to you, you suddenly become disabled and no longer able…
An amendment to a New York State Labor Law went into effect on October 26, 2009. Employers are now required to give newly-hired workers written notice of the rate at which they will be paid and their regular payday. (New York’s Labor Law Sec. 195.1) The new law is intended to eliminate misunderstandings and pay…
The answer is usually Yes. No matter how small or simple your business is, problems can arise which can be more easily addressed if you have a Shareholder Agreement in place. Most shareholders in a company, especially at the inception of the company’s existence, believe that they share one vision with respect to the interaction…
