No matter how much you like or love your business partner, the days of handshake agreements are long past. Whatever your agreements, you need to get it in writing. That’s what partnership agreements are all about. Crafted while times are good and everybody wants the...
Business Law
When is changing a business name a good idea?
Choosing the perfect name for your business is important. It's the first impression you make, the foundation of your brand identity, and ideally, something catchy and memorable. What happens if, after launch, you find yourself yearning for a change? Is it ever a good...
Offloading a former store location
Congratulations! You’ve made the decision to move on from a particular brick-and-mortar store location. Whether you’re retiring, shifting gears or simply downsizing, selling your property represents an exciting new chapter in your journey, even if it feels more...
Why a new business needs the help of a lawyer (now and later)
Starting and running a business is a multi-step process that can be both exhilarating and daunting. Whether you’re venturing into entrepreneurship alone or with a business partner, you can expect to run into legal challenges every now and then. Therefore, working with...
Crucial considerations when deciding your business structure
Choosing the proper business structure is a critical decision for an entrepreneur or business owner. It is more than just filling out the paperwork or ticking a box. The structure you settle on will have far-reaching implications for your business, legally,...
3 top concerns when leasing a commercial property for business
Leasing a commercial property is generally a smart decision for an entrepreneur or executive running a startup operation. Although buying a property would lead to equity after making payments, owning a property too early in a business's development can be a mistake,...
What are the tax benefits of forming a New York LLC?
A limited liability company or LLC is one of the easiest business structures to set up and maintain. As its name suggests, it can also protect your personal assets from business liability if a dispute or other issue arises. Another reason many New York entrepreneurs...
What could possibly go wrong when forming a business?
If you are starting a business for the first time, it is easy to let the positive thinking go a little too far. While you certainly need a positive mindset to surmount all the challenges that will come your way, you need to accept that sometimes challenges cannot be...
Chargebacks and your business
As a business owner, you may need to be wary of the impact that chargebacks can have on your bottom line. Chargebacks can only happen when a customer has used a credit card to reimburse your company for purchasing goods or services. There are certain situations in...
5 clauses every business partnership agreement should include
Business partnerships can be a great way to achieve growth and success, but they also involve complex legal and financial considerations. Therefore, a well-drafted partnership agreement is essential to ensure all parties understand their rights, responsibilities, and...