Kudos to New York’s small businesses. Reportedly, they are the backbone that centrally supports commercial success across the state and contributes in tremendously important ways to New York’s continued growth and betterment.
Some scenarios keep business principals in New York and elsewhere awake at night. We note one of them on our website at the established Manhattan commercial law firm of Rich Michaelson Magaliff. We cite concerns linked with "having a departing employee become a competitive threat and use knowledge of the business's trade secrets against it."
“The reality of it is not whether or not we want to give it – it’s whether we can give it.”
They're not necessarily dying. In many cases, their apparent flailing is more about evolution and the opportunity to reemerge in a stronger and more dynamic way in the future.
Following is a hypothetical that is actually a commonplace reality for some businesses in New York and nationally. It often poses both a challenge and corresponding opportunity for select entities.