On behalf of Rich Michaelson Magaliff, LLP | Dec 8, 2020 | Firm News
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...
On behalf of Rich Michaelson Magaliff, LLP | Aug 31, 2020 | Firm News
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...
On behalf of Rich Michaelson Magaliff, LLP | Nov 27, 2019 | Firm News
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...
On behalf of Rich Michaelson Magaliff, LLP | Jun 29, 2019 | Firm News
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...
On behalf of Rich Michaelson Magaliff, LLP | May 26, 2019 | Firm News
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’...
On behalf of Rich Michaelson Magaliff, LLP | May 9, 2019 | Firm News
Graypreneurs are increasing in the United States. What is a “graypreneur?” A graypreneur is simply an older entrepreneur, likely part of the Baby Boomer generation or older. The increase in older entrepreneurs is in part due to many older Americans...
On behalf of Rich Michaelson Magaliff, LLP | May 2, 2019 | Firm News
Starting a business involves significant planning. One of the first choices you have to make is your business structure. A limited liability company, LLC, is one of the most common structures and for good reason. What is an LLC and why do so many businesses choose it?...
On behalf of Rich Michaelson Magaliff, LLP | Feb 9, 2019 | Firm News
Business owners in New York face numerous challenges. Every business will face a problem at some point. These issues often require unique solutions tailored to fit the needs of their company. As a business owner, you should have a plan drafted to help you address and...
On behalf of Rich Michaelson Magaliff, LLP | Jan 10, 2019 | Firm News
New Year’s resolutions are not just for your personal life. Business owners can benefit from resolutions, too–even after the new year has started. What goals do you have for your business in 2019? What changes can you make to how you run your business to...
by Rich Michaelson Magaliff, LLP | Dec 9, 2018 | Firm News
A breach of contract is a serious issue that can be detrimental to your business. Business owners in New York should understand the basic concepts of what constitutes a breach of contract and what remedies are available if a breach happens. Violating the terms of a...
