How to Choose the Right Structure for your New York Business

While starting a business is one of the most exciting chapters of your life, it’s important to focus on the right structure for your New York business. The legal structure that you choose for your business will have implications on your taxes, personal liability, and the opportunities to raise capital.  

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Top Tips to Find the Right New York Franchise

Choosing the right franchise model for your business can be a life-changing decision. Most industries across America are linked to some form of franchise business and choosing the right one in the right business will come down to your personality, goals, and long-term passions. While a franchise will allow you

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Ban on New York Evictions to continue into 2021

New York tenants are set to be handed a further lifeline, while many landlord and lenders are in great peril after New York City agreed to extend its ban on residential evictions. The New York Legislature passed a comprehensive anti-eviction law barring commercial and residential evictions. The bill blocks landlords

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New York Restaurants continue to battle changing COVID Regulations

Restaurants in the Big Apple continue to be at the mercy of changing COVID-19 regulations. A COVID-19 update was issued by the New York City Council earlier this week, putting restaurant operators on notice as new regulations come into effect. The new rules mean that orders for takeout can only

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Defamation Law: Twitter – New York Post Defamation Saga

The New York Post recently reported that a Delaware computer shop owner is taking on Twitter in a defamation lawsuit. The owner of the store, John Paul Mac Issac was forced to close his Mac Store in Willington Delaware after he was allegedly labelled as a hacker by Twitter’s content

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The Post COVID World presents opportunities for small business owners in 2021

No one can deny that it’s been a tough year for New York City small business. The COVID-19 pandemic has seen thousands of small business operators close down. With hardships comes opportunities. Over one third of small businesses in New York have been closed since January. Nearly 30% of those

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New York City Ranked 2nd Place on “Judicial Hellhole” List

New York, failing just behind Pennsylvania and just above California ranked 2nd Place on the Judicial Hellhole List for 2020. The Judicial Hellhole List is a ranking by the American Tort Reform Foundation. The full report may be found at: ATR Foundation’s Judicial Hellhole List. While, not all lawyers of

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Violation of Non-Disclosure Agreements: The Lessons from a Tell-All Book on Melania Trump

Good or bad publicity is still free press after all. And many PR professionals accept any form of publicity surrounding a book launch at no extra fee as it can spread like wildfire to readers and even non-readers alike with minimal effort. This exactly is what happened with the launch

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Challenges to Starting a Business in New York City

New York City offers entrepreneurs access to a market with consumers with high disposable income and where investors and lenders are ready to assist entrepreneurs who wish to start or grow their businesses in the Big Apple. However, that doesn’t mean that starting a business in New York is a

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Protecting Trade Secrets under New York Law: NY Trade Secret Law Basics

Protecting Trade Secrets, in many cases, may be the difference between success and failure of your business in New York. The post shall detail the basics of New York Trade Secret Law. The New York Court System has not adopted the Uniform Trade Secrets Act (“UTSA”), but has common law

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Challenges to Succeeding in Business in New York City

Life and work in the Big Apple isn’t all wine and roses for business owners in 2020, however, New York remains, still, one of the more attractive locations for entrepreneurs, business owners and investors looking to build a footprint in the United States. From Lady Liberty to Central Park, there’s

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Investment in Distressed Assets in New York: Purchasing an Asset in Bankruptcy or via a UCC Foreclosure

Opportunities are increasingly emerging in New York for the purchase of distressed assets. Opportunities abound in commercial real estate, residential real estate, retail, manufacturing, franchising, distribution and food & beverage. Many of these distressed assets shall hit bankruptcy courts or shall be sold under the UCC. Opportunities are, immediately, available

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Doing Business in New York: Listen to My Old Italian Mother to Succeed in Business in New York

New York is a great place to do business, however, those that do not follow my mother’s advice may end up lost in the forest or eaten by a shark. Listen to my mother and you shall be on your first step to a successful business in New York. If

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Selling Goods and Services to the NY Government: NY Procurement Law Basics

Opportunities abound for creative and street-smart business to sell services, goods, commodities and technology to NY agencies and municipalities. While, the myriad of laws and regulations seem overwhelming, with a local business-savvy street-smart guide, doing business with the New York State, New York City and other municipalities can be rewarding

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Raising Venture Capital for your Startup or Small Business

Even during a pandemic, the appeal of being your own boss or an entrepreneur never loses its luster. The United States, Asia and other markets have proven to be exciting and happy hunting grounds for companies to explore new funding opportunities, and the COVID-19 shutdown has presented plenty of opportunities

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Cease and Desist Letters are an Efficient Means of Resolving Many Disputes

If you or your business is a victim of trademark infringement, copyright infringement, harassment, breach of contract or another harm, in many cases, a cease & desist letter drafted and sent by a law firm can help in resolving the matter in an amicable manner and with little cost. We

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Eviction Moratorium on Commercial & Residential Rents set to continue in New York until 2021

The Big Apple continues to present new opportunities to both new entrepreneurs entering the market and the established players who continue to call New York City home. No one is denying that we are all doing it tough. Commercial tenants have been put through the wringer with mandatory enforced business

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Proposed Amendments to New York Antitrust Law

The Donnelly Act, which is New York’s main antitrust law, was written in 1899 and codified in §340-§347 of New York’s General Business Law. It is time for this act to be updated. Anti-trust/Competition Law in New York has not kept up with the times. Prohibited Acts under New York’s

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Basics of Cryptocurrency Law in New York

As we’ve mentioned in our other Korean Law Blog, virtual currency or more popularly known as cryptocurrency is a digital representation of value that can be digitally traded or transferred. When holders are using these virtual currencies the transactions are completed via Blockchains (decentralized databases). For article on virtual currency

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Reverse Merger Compliance & Disclosure Requirements: SEC Compliance Basics

In a prior article, we discussed the basics of Reverse Mergers (also referred to as reverse takeover “RTO,” reverse IPO, or a backdoor listing). And as mentioned in this post, in a reverse merger investors, typically, of a privately-held company acquire a majority of the shares of a publicly-held company,

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