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...
Starting a business in New York might not be something you want to do on your own. Fortunately, you can start a company with another person. Business partnerships can be beneficial if you are with the right person. Unfortunately, there are several reasons why business...
There are many ways for you to enter the world of business in New York. One of them will be to start a new small business from scratch. You can also choose to buy a business that already exists. There are certain pros and cons that will attach to the choice that you...
If you are looking to start a business in New York, you could choose to create a new entity. However, you could also choose to buy a franchise, which means that you would operate using the brand, logo and other intellectual property of an existing brand. Let's take a...