Acquiring and merging companies is a normal part of business for many New York firms. However, a sudden change in business ownership, management and company climate can be stressful for employees. It is important for business executives to consider the needs and emotions of staff during the challenging period of adjusting to a new merger.
Despite wage laws that are meant to ensure employees are paid fairly, you may experience problems getting paid from your New York City employer. Often, there is a reasonable explanation for this. If you have not received the full amount you are due, there could have been a misunderstanding with your employer or a mistake on your payroll. In some circumstances, however, your employer might be experiencing financial difficulties or be deliberately withholding your pay.
The right to patent a product or idea is important for companies in New York and elsewhere that wish to protect their wares from duplication. In the past, patent laws primarily covered tangible objects, such as new inventions or furniture designs. Now that advanced computer technology is prevalent in the marketplace, patent infringement lawsuits have the potential to become more complex.
If you freelance in New York, you already know that your tax preparations will be different from those who work for employers. They get a portion of their income deducted from their paychecks automatically, so they hardly have to think about taxes until it’s time to file. However, the rules are quite different if you work for yourself. It is crucial that you don’t put off thinking about taxes until the last minute or you could end up with a large tax bill and no easy way to pay it.
You are among countless others if one of your dreams is to become successful with the next big idea or invention. Many entrepreneurs in New York and elsewhere build lucrative businesses based on a dream. Having an innate knack for capitalizing on a vision is only one of the keys to success. At Cox Padmore Skolnik & Shakarchy LLP, we help entrepreneurs with the legal aspects of forming a solid, successful business.