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January 2017 Archives

Unforeseen legal problems could put your new business at risk

Forming and maintaining a successful business is a dream shared by many New York citizens. Hard work, dedication and good planning are key elements in ensuring a business remains viable and competitive. However, even the most business savvy mind can rarely plan for all of the potential legal problems that could arise.

Commercial bankruptcies skyrocketed in 2016

A new report is out detailing the number of commercial bankruptcy filings there were in the 2016 calendar year, as well as the total number of bankruptcies in the US. The total number of bankruptcies were down by 6 percent -- but within that number, commercial bankruptcies increased a staggering 26 percent in 2016. In 2015, there were 29,920 commercial Chapter 11 bankruptcies. In 2016, that number surged to 37,771.

Is litigation always the best option to resolve disputes?

If you own a business, you likely have a lot riding on its success. As a result, you may be committed to doing whatever you can to protect it. For instance, if you are involved in complex transactions or if someone is stealing company information or breaching contracts, you may very well be prepared to battle it out in litigation.

Contract dispute between NBCUniversal, Charter drags on

NBC Universal and Charter Communications are currently engaged in a contract dispute over how Charter will carry NBC Universal channels going forward. They extended negotiations past a Jan. 1 deadline to try to work out a deal, but it appears that neither side is budging at the moment. Charter is also in hot water with Fox News, which filed a lawsuit against Charter in July 2016. The lawsuit alleges that Charter illegally tried to secure Fox News programming at a lower rate.

What you need to know about asset-based lending

You put everything you had into starting your business. You finished your degree then worked two jobs for years to save up enough money to open that café in SoHo. You sunk every dime into it and took out loan after loan to get through those first few years.