Here's a business-related scenario that unquestionably keeps a legion of company principals across myriad industries in New York and elsewhere awake at night. To wit: A long-tenured and valuable employee with close access to key company information -- including...
You may design a partnership agreement because it's required by law, but it's also a good idea to have one even if it's not. A partnership agreement is a contract with all partners in a company. It defines what you do and what happens in certain situations. Here are...
Some New York businesses prominently thrive from the moment of inception. Others, of course, don't. In fact, many business enterprises -- even those with strong management, impressive business plans and far-sighted entrepreneurial vision -- face daunting financial...
We addressed in a previous blog post the "clearly something went wrong" aspects of a contractual relationship between New York City and telecommunications provider Verizon regarding the latter's laying of high-optic cable across the city. Like most contracts, the...
When a recent New York Times article refers to the "contentious tone" of a contractual dispute between city officials and executives from communications service provider Verizon, it can reasonably be assumed that more than a modicum of existing acrimony is already on...
Running a business is not simply hanging an "Open" sign in the door. You need a strong team of advisors and financial professionals to help you run a successful business. The two most important members on your team will be your accountant and your attorney. While your...
Financial hardship can befall any company. Maybe not necessarily at any time, but the concept still holds water. When a business starts to suffer financial, it is rare for the solution to be one-dimensional. These problems are often far more complex than they seem,...
You may not think that the mattress industry could cause such newsworthy stories, it did just that. Tempur Sealy, the easily-recognized mattress brand known for the Sealy Posturepedic, announced at the end of January that it would be cutting ties with Mattress Firm, a...
You worked hard to build up your business, but things haven't been going well for a while. You are thinking about closing your business. You can't just close the doors and walk away. You must follow specific laws to dissolve the business properly. Make proper...
Qualcomm is one of the big players in the tech industry, but what many people may not know is that Qualcomm has extended their business by using licensing. If you own or use a smartphone, it is very likely that you are using hardware that carries the Qualcomm name. In...
