Mergers and acquisitions are two strategic business transactions that enable companies to enhance their market share, expand the business and gain a competitive advantage. While these two terms are often used interchangeably, they’re markedly different methods of...
Business partners go into business together because they share visions and dreams about the company. In most cases, they recognize that each of them has areas of strength that balance each other out. Many don’t consider what will happen if they don’t see eye to eye...
As a business owner, you likely would rather not get involved in an employee’s divorce. However, if you have a high-level employee who’s divorcing, your company will likely need to provide a fair amount of information regarding their compensation. As part of the...
You or your business partner may have different goals in the future. Accordingly, you may want to leave the company. Or you may wish to retire. For this reason, it's crucial to include an exit clause in your business agreement. Here is what to know about this clause:...
Corporation bylaws are also known as company bylaws. This document signifies the first official establishment by a company's board of directors. The bylaws are usually created after the submission of Articles of Incorporation. As a result, many individuals confuse the...
When you bought your condo or apartment in New York, the board members gave you a document that stipulated the responsibilities and rights of each party. This document, commonly known as the bylaws, binds both parties to certain obligations. For example, the board...
Due diligence is a process of investigation and analysis of a deal or investment to assess its value and risks. It is an essential step in mergers and acquisitions (M&A) as it helps buyers and investors to make informed decisions and avoid costly mistakes. Here...
New York business partners may often have minor disagreements which they quickly resolve. However, sometimes issues that aren't easily solved may arise, and the partners are left with some difficult decisions to make. They can try to work out their differences and...
The location of a retail business impacts its success. Two essential aspects are foot traffic and visibility. Whether you're a new business owner or manage multiple New York locations, the next step is negotiating a lease agreement. What are the differences between...
When it comes to business and commercial law in New York, several legal issues must be addressed. One of these is an anticipatory breach, which can arise when one party to a contract believes the other has declared their intention not to perform its obligations. In...