If your business is a registered LLC (limited liability company) in New York, you may soon need to update your business records or even change your business structure. New legislation requires LLCs to disclose their beneficial owners to the New York State Department....
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What NYC business owners need to know about environmental liability
As a business owner in the fast-paced world of New York City, it is easy to get caught up in your daily operations. But there is one threat that could bring your business to a sudden stop: environmental liability. Whether it is a spill, a leak or a catastrophic...
Protecting franchisors’ rights in complex franchise disputes
Building a successful brand requires tremendous effort, dedication and perseverance. From conceptualizing a unique business idea to developing a comprehensive business plan, creating a robust operations manual and securing necessary trademarks and patents, franchisors...
What to expect when you are under investigation for racketeering
Racketeering investigations can be a daunting experience for any business leader. Being in such a critical situation can affect your career and business. If you find yourself at the center of an investigation, it is crucial to understand the process and how to handle...
Implications of a material breach in multinational business contracts
Operating a business in multiple areas can be complicated, especially if it involves different countries. In this complex development, contracts serve as the foundation of every deal. A well-crafted contract outlines the rights, responsibilities and obligations of...
Alternative dispute resolution saves time and money
Most successful New York business owners have worked long and hard to get where they’re at. The last thing they want is to be tied up in litigation over a business dispute. Things like that can take a serious toll on a company’s bottom line. If a problem arises, it is...
3 important considerations when expanding a business to new markets
Business expansion is a huge milestone for every entrepreneur. Particularly for companies that started out as startups, it is an opportunity to widen their reach and increase revenue. While this could be an exciting time, business owners must take this step with...
Business litigation — Sports Illustrated vs. energy drink mogul
If you place a one-page ad in Sports Illustrated magazine, it’s said that more than 650,000 will read it. The iconic publication became a pioneer in sports journalism when it launched its first copy in 1954. Now, the owner of SI, Authentic Brands Group, has laid down...
Addressing allegations of securities fraud
Accusations of any type of criminal activity can significantly impact your reputation as a New York business professional. When accused of a business-related crime, like securities fraud, it’s important that you take action immediately to protect yourself. Securities...
Factors to consider before selling company assets
Many companies may acquire various types and amounts of assets over time, some of which may be vital to operations, while others might not seem as important. While companies in New York might feel that selling unnecessary assets could be vital to protecting their...