New York City is known for being the location of many famous recording studios. As with other types of creative work, music is known as intellectual property and is therefore protected by intellectual property laws. One of the aspects of IP law is the right to be paid for one’s music when it is broadcast or featured on a program or service. This includes online music streaming companies, which make their money either from advertisements or customers who pay a fee to enjoy their music ad-free. The streaming companies pay the artists who allow their music to be played on the service.
Many industries operating out of New York are highly aggressive, and rely upon the loyalty and discretion of current and past employees to not provide valuable information to competing businesses. Beyond that, many companies feel that implementing noncompete agreements and other contractual obligations encourages employee retention overall. It is important for businesses to understand, however, that there are restrictions to when and how noncompete agreements can be enforced.
The attorneys at the law offices of Cox, Padmore,Skolnik & Shakarchy, L.L.P., are well-versed in New York state and federal business tax guidelines, and understand the financial stakes involved in smart tax planning. No matter if you are a startup business or major corporation, your current earnings as well as earning potential can be affected by a number of tax considerations. That is why it is so important to always recognize and implement up-to-date taxation policies and procedures.
For many New York entrepreneurs and small business owners, the idea of success involves expanding their services and clientele base. In fact, consistent business expansion was once the ideal that companies large and small strove to achieve. Now, however, ideas about what it means to achieve business success are changing, and perhaps nowhere faster than in the technology industry. Several major business transactions are affecting the way that small businesses and large corporations alike function and evolve.