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November 2015 Archives

What are some of the benefits of a reverse merger?

Executives who run successful businesses may wish to further the success of their company by making shares of the company’s stock available in the public stock market. This may give a company better liquidity and access to valued capital markets. Many New York professionals use the reverse merger method to make their businesses public. The following points can help you decide if a reverse merger, sometimes known as a reverse takeover, is the right option for your business.

Increase in potentially unlawful nondisclosure agreements

Employees in New York are often asked to sign clauses in their contracts that they may not necessarily understand or agree with. Most of the time, these contract points are intended to protect the company. For example, the purpose of a nondisclosure clause is typically to prevent employees from sharing vital company information with others outside the company. However, states HRZone, employees may not realize that sometimes the nondisclosure agreement they are being required to sign is unlawful.

Google target of unfair competition lawsuit and investigation

A healthy spirit of competition is part of the American marketplace. However, if one company gains a monopoly over an industry and suffocates others’ attempts to compete, it can harm companies in New York and elsewhere. Is it possible for a business to be too successful to the detriment of others that can’t keep up? Numerous lawsuits claiming unfair competition suggest as much.

Year-end tax tips for the self-employed

It’s almost that time of year again for employees, business owners and almost anyone who worked in New York during 2015. Tax time is just around the corner, and it is always better to get prepared ahead of time than to wait until the last minute – especially if you know you’re going to owe taxes. The attorneys at Cox Padmore Skolnik & Shakarchy LLP have a full knowledge of tax law in regards to small and large businesses, as well as those who are in business for themselves.

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