Buying commercial real estate in New York City is a big decision. You're wise to do your homework first. Snagging the perfect property can catapult your business to new heights, but rushing in could cost you a fortune. So, what factors should you consider before...
When a contract goes awry, the fallout is not just about hurt feelings and broken promises. It is about dollars and cents. The parties who enter a contractual arrangement expect each party to perform as specified within the agreement. A failure to do so can mean...
In the city that never sleeps, business leaders must do more than close deals. They must structure deals that avoid a myriad of regulatory hurdles. There are steps that can help to better ensure dealmakers do not stumble on these hurdles. Three examples include the...
Clients would do well to learn from those who have endured contentious and expensive business disputes. By understanding a few common sources of problems, clients can gain valuable insights and avoid making similar mistakes. Three of the most common business disputes...
Section 363 of the U.S. Bankruptcy Code allows debtors to sell assets and use funds from the sales to settle their debts. The bankruptcy court must approve all sales after hearing from any creditors with objections. How does the sales process work? The sales process...
Collaborative efforts are imperative to bring a company to scale. Business partnerships expand skill sets, networks and, typically, the investments necessary to establish a foundation for success. As with any relationship, it’s natural for a business partnership to...
The business and economic environments have not been good the past several months due to the COVID-19 pandemic. Because of the swooping downturn, revenues dropped, customers made fewer orders, profits shrank and layoffs occurred. In times like these, small businesses...
Whether you decide to purchase a business outright or expand your existing business by acquiring, or merging with, another business, there are many details that you need to consider to make your decision. Do not rely on the prospective seller to volunteer all the...
A partnership occurs when two or more people chose to get together for operating a business. The parties create this contract with the purpose of sharing the profits and the management of the business. Creating a partnership agreement can be tricky if either party...
It is easy to undermine your own negotiations. You may make mistakes in your strategy. You may lack experience. As a result, you may not realize what is happening until it is too late. It is difficult to identify potential issues and lessen their impact on a business...
