MANHATTAN BANKRUPTCY LAW BLOG
Can family businesses survive a business dispute?
To form a business with your family in New York may sound like a solid plan in the beginning. After all, few understand your motivations and goals the same way that your family does. You may expect fewer disputes and more collaboration. When family members enter into...
Tips for writing a strong contract to avoid future disputes
As a New York entrepreneur and business owner, contracts likely make up a large part of your life. It goes without saying that you should commit all of your business contracts to writing and have them signed by all parties. Written contracts are legal documents; a...
3 topics to cover in a letter of intent
Few things are more challenging and stressful than buying or selling a business. After all, there is likely a substantial amount of money on the line. You do not have to leave the success of the deal to chance, however. A well-drafted letter of intent outlines the...
Is a co-ownership right for your future business?
Business formation can certainly have its challenges. You may have a specific idea of how you want to run your future company, but you may also have concerns about the best way to get off the ground. You may even wonder whether going at it alone is in your best...
Entity formation considerations: LLC or corporation?
You've obviously accomplished much already as an entrepreneur if you're now at the next-stage juncture of legally establishing the business you created through hard effort and creative smarts. What business form do you now choose at the key inception stage? The...
NYC’s immigrant story: vital cog of commercial vibrancy
Any person seeking instant and conclusive evidence of New York City’s unrivaled status as a metro interwoven with a rich immigrant history hardly needs to reach for statistical proofs or academic confirmation. A quick stroll down virtually any street will do the...
Spotlight on broad-based utility of employment contracts
Clarity. That single word might outweigh all others for any company principal or worker searching for an apt descriptor to underscore why executing an employment contract often makes sense in an employer-employee context. A national publication that recently addresses...
NYC business improvements target minority, women-owned firms
New York City officials have long voiced their commitment to an expanded business field that invites participation from a large pool of diverse players. And they have unquestionably backed words with actions in a demonstrated commitment over time to increase...
Spotlight on largely unregulated cash-advance lending industry
New York courts are very familiar with so-called "confessions of judgment." Reportedly, they approved such judgments in favor of lenders more than 11,000 times last year. That magnitude of use for this legal instrument has clearly troubled regulators and criminal...
What are your options if your partner breaches your agreement?
Starting a new business is always a risk, but when you launch with a partner, you may have even more at stake. Working with another entrepreneur – or even several others – means adapting to each others' methods and adjusting to each others' idiosyncrasies....
