Some people still operate on the belief that a man’s word is his honor, but unfortunately that is not usually how the business world works in modern times. Even so, you might agree to do business with someone without drawing up an official contract. Are you able to uphold the terms of your agreement if you only sealed the deal with a handshake? Would New York law protect you if the other party did not abide by the terms of an oral contract?
As an entrepreneur or business owner in the state of New York, you have no doubt worked very hard to distinguish your products and/or services from those of your competitors. After all, offering customers original designs, and decor in some instances, is crucial to standing out and expanding your business. In addition to and beyond safeguarding intellectual property like your logo and trade secrets, it is also important to take the overall look and feel of your product into consideration. Fortunately, the attorneys at Cox, Padmore, Skolnik & Shakarchy, L.L.P., are well acquainted with trade dress guidelines and enforcement techniques.
New York business owners and operators are encouraged to educate themselves about state and federal tax procedures and other processes in order to promote business stability and growth. It is also in their best interest to be familiar with investment tactics, as well as market conditions and other economic factors. Unfortunately, though, some business owners will find themselves facing the prospect of bankruptcy no matter how hard they have worked to pay off their debts. That is why it is important for all business owners to understand corporate bankruptcy guidelines and options.
One of the most important things about being a successful entrepreneur and business owner is believing in your abilities and ideas. Unfortunately, however, you can only get so far on your own. Successfully identifying and courting investors that complement your ideals and support your vision can go a long way to help ensure your long-term success. Discussed below are just a few of the things that you should keep in mind when seeking out business investors for your startup company.
In order for many different types of businesses and industries to grow and thrive, it is often crucial that they expand and evolve. Mergers and acquisitions are the key to success in many cases; however, the benefits of acquiring a business or corporation can be compromised if the transition is not properly conducted. Discussed below are only some of the factors that should be taken into consideration when merging two business entities.