If you’re an entrepreneur with a new small business, you probably understand that you have a few challenges ahead of you. There are a number of obstacles that business owners in New York and elsewhere will need to address in order for their company to grow and remain competitive. According to advice from Entrepreneur, the following points are some of the most common challenges you are likely to face as a small business owner:
Mergers and acquisitions occur for numerous reasons, but in most cases, the goal of a business merger is to benefit both companies involved. Even so, some companies in New York and elsewhere are less than enthusiastic about a merger or business acquisition, no matter how tempting the offer. There are many valid reasons for this – employees may resent new management or fear that the action will lead to layoffs or a change in the company climate. Executives in the boards of directors may find their positions terminated or reassigned. Company owners may also worry that the change will spook investors or deter customers.
A contract dispute can tie up precious resources, which is why you should be especially careful before you sign your name to a document. At Cox Padmore Skolnik & Shakarchy LLP, we know what to look for in employment agreements. When you thoroughly analyze a contract, you can be sure you know exactly what you are getting into – and what you will be getting out of the deal.
The New York City area is known for its competitive publishing industry. When it comes to protecting your work as a writer, what do you need to know? If you’ve written a book, do you retain all copyright ownership and intellectual property rights?
Everyone who works in New York State is required to pay taxes, from individuals to business owners. It may be tempting for some to think they can get away with not filing taxes and therefore avoid paying. This is never a good idea. The failure to file a tax return may result in severe penalties, including prison time, for those who owe taxes.