New York entrepreneurs who are interested in conducting a merger or acquisition may be interested in reviewing the basics of due diligence. Due diligence is the process of understanding the important aspects of a commercial venture, giving a potential buyer or investor a way to vet the business in question. This process can be completed by following a number of simple steps.
In forming a small business, it may be challenging to decide on the best formation option due to size and liability issues. A limited liability corporation offers the small business owner certain personal protections while avoiding the expense and complication of a corporation. This type of business entity is becoming a preferred form for many new business owners.
Taking steps to review one tax strategy before the end of the year can be beneficial for many New York residents. According to a recent article, taking certain steps might reduce the tax burden an individual might face by when it is time to file returns in April.
It may be important for business owners in New York to understand the difference between normal business competition and tortious interference with a contract. Although competition is expected in business, intentional interference with a business contract can sometimes be unlawful. When the interference is deemed tortious, the activities may result in a litigated contract dispute.
A trademark consists of a symbol, design, word or group of words that establishes a relationship between a business and the products it furnishes. It may contain words only, a logo or a combination of words and a logo. A servicemark is similar to a trademark, but it associates a business with the services it provides. The term "trademark" is often used interchangeably for both trademarks and servicemarks.