Connected
To The Community
In an ideal world, you will not need to sue a former business partner, as you’ll go your separate ways and remain on good -- or at least neutral -- terms. However, any business owner knows that things are often far from ideal. You certainly can run into issues that...
New York is very interested in the solar market, and for that reason alone you may be interested in leasing out your land to a solar provider. Developers are always looking for parcels of land, usually 10 acres or more, to use for solar panel installations. These...
People who are considering purchasing a company need to ensure that they know exactly what they’re getting. The only way to do this is to do your due diligence before you make the purchase. This is a very involved task, so you should ensure that you’re up for it. Some...
Most of your employees likely have at least some access to your company networks. This puts you in a difficult position, because while their access may be minimal, they still have the opportunity to steal company data. It’s a good idea for you to take steps to protect...
If you want to be a business owner, you have two basic options: Start your own company or buy one that already exists. What should you do? Advantages of buying an existing business The major advance of buying a company is that everything is already in place. You have...
In your 40s, you may start to think about how you want to move forward in your life as well as how you want others to be able to carry on if you pass away. While you’re still young, now is a time when you may have the most to protect, like your spouse or partner,...
Many adults know that they need to write a will as part of their estate plan so they have a say in who gets which assets. Some people might not realize that without that estate plan in place, assets are handed down to beneficiaries in accordance with New York’s...
It’s important to have a partnership agreement when starting a new business, even if you and your business partner have known each other for a long time. Don’t just assume that your friendship will solve all of your disputes -- or keep them from happening in the first...
Thousands of companies merge each year, yet many end up wishing they had not. While there can be many advantages to joining two companies, a lot can go wrong. These are some ways to increase the chance that your merger is a success: Be clear about why you are doing...
When you form a business, especially if you create an LLC or another kind of corporation, your business becomes its own legal entity. As the person who created or manages the business, you have to handle everything on its behalf to remain in legal compliance. That...
