New York Startup Law Archives - The New York Law Blog by Hayes & Simon, P.C.

June 25, 2021 Daniel Gardner

SEC continues to Provoke Debate on Cryptocurrency Regulation in the US: New York Proves to Lead Way in Providing Legal Stability for Blockchain Companies

A recent article in Forbes has thrown the spotlight on the Securities and Exchange Commission’s (SEC) lawsuit against Ripple. The SEC’s involvement has opened a debate on the possibility of “regulatory overreach” by this financial watchdog. According to Forbes, the lawsuit was the subject of a panel discussion on cryptocurrency

February 5, 2021 Sean Hayes

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.

December 31, 2020 Daniel Gardner

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

December 31, 2020 Daniel Gardner

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

December 28, 2020 Sean Hayes

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

December 24, 2020 Daniel Gardner

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

November 11, 2020 Sean Hayes

Protection of Private Information in New York: SHIELD Act of New York

In this digital world, there’s one thing that we cannot live without – the Internet. As we are aware, the Internet became an even more important part of our lives during the Covid-19 Pandemic. Negatives go hand-and-hand with the benefits of the Internet. As we are aware, hackers are actively

October 19, 2020 Sean Hayes

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

October 14, 2020 Daniel Gardner

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

October 1, 2020 Daniel Gardner

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

September 18, 2020 Sean Hayes

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

August 20, 2020 Sean Hayes

Free Initial Consultation with a New York Lawyer

Hayes & Simon, an international law firm, is offering a free initial consultation with an attorney in New York. Your legal consultation may be schedule at: Schedule a Call. The call shall be with, in most cases, New York Lawyer Sean Hayes. Hayes & Simon, P.C. Hayes & Simon professionals are internationally

December 1, 2019 Sean Hayes

Finding an Efficient New York Business Lawyer for your NY Business

We here at Hayes & Simon obtain numerous emails and calls from potential clients in search of a New York business lawyer to act as part-time general counsel. The majority of these intakes come from referrals from present clients, referrals from other lawyers and some trickle in via this New

July 14, 2018 Sean Hayes

Starting A Nonprofit Corporation in New York

Forming a nonprofit corporation in New York is not so difficult after some basic understandings of the the types of nonprofit businesses in New York and an understanding of the basic formalities. 501(c)(3) Nonprofit Organizations in New York A 501(c)(3) organization, which are formed for religious, charitable, scientific, literary or

June 14, 2018 Sean Hayes

NY State and Federal Tax Exemption for your New York Nonprofit

Now that you created your New York nonprofit, let’s discuss how your New York nonprofit can apply for state and federal tax exemption. After your New York nonprofit has held its first organizing meeting, you will need the continued assistance of an experienced attorney to file documents with the federal

April 19, 2018 Sean Hayes

Winding Up Your New York Business: Essential Steps to Business Closure in New York

If you are looking to close your New York business, these are some of the many essential steps you should take. In most cases you shall require a New York Bankruptcy lawyers to assist in the windup process: Vote to Close the New York Business No matter what form your

November 15, 2017 Sean Hayes

SEC Regulation D – Private Offerings: NY Startup Law

Start-ups in New York looking for investment capital should consider the classification of investors that can and cannot partake in private offerings. Under the Securities and Exchange Commission’s Regulation D, an organization may issue a private offering of stock to raise funds without officially registering to “go public.” We discussed the

June 8, 2017 Sean Hayes

Private Placement Memos Get Start-Ups Moving

Recently, I wrote about the two tools available to small businesses to stir interest and investment – the business plan and the private placement memorandum. Let’s focus on the private placement memorandum. A Private Placement Memorandum (or PPM for short) is a legal document that organized businesses provide to prospective

April 14, 2017 Sean Hayes

Registering Your New York Nonprofit For Fundraising Purpopses

If your New York nonprofit is fundraising in New York, then you may likely need to register with the New York Attorney General’s office. Before soliciting contributions from individuals, foundations, corporations or government agencies within New York, a New York nonprofit must register with the NY Attorney General’s General Charities

January 20, 2017 Sean Hayes

Starting a New York Restaurant? New York Restaurant Law

Starting a restaurant in New York involves significant consideration of New York state and local health and safety regulations. Because restaurants and eateries are all about serving food, New York subjects restaurants to significant regulations regarding food health and safety. The New York State Department of Health has many regulations