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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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
Continue readingNew 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
Continue readingDefamation 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
Continue readingThe 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
Continue readingViolation 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
Continue readingChallenges 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
Continue readingProtection 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
Continue readingProtecting 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
Continue readingChallenges 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
Continue readingNY’s Rent Stabilization Law Deemed Constitutional in Eastern District Court of New York
In a hit to landlords in New York, a judge in the Eastern District Court of New York dismissed the claims of landlords challenging a newly implemented rent stabilization law in NY. A prior article on this matter can be found at: NYC Landlords Sue to Overturn Second Year of
Continue readingDoing 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
Continue readingSelling 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
Continue readingRaising 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
Continue readingCease 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
Continue readingEviction 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
Continue readingProposed 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
Continue readingBasics 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
Continue readingReverse 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,
Continue readingHow Businesses can Mitigate Covid-19/Coronavirus Risks?
Numerous F & B, Accommodation and General Services business are facing dire predicaments because of Coronavirus-related restrictions on business and the state of the U.S. economy. Now business owners are facing the fear that these businesses may be sued by patrons or employees for the alleged contraction of Covid-19 at
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