New York City to require vaccinations to enter all gyms and restaurants As cannabis is legalized in New York, PharmaCann launches ambitious IPO Supreme Court blocks part of New York COVID eviction ban NY State raisies the age of consent, blocking child marriage Rudy Giuliani set to face ethics probe
Continue readingCategory: NY Business Law
Finding the Right New York Attorney for your Business
Finding the right attorney for your business needs has become critical as New York’s shift into economic recovery gathers momentum. A recent case of a Long Island woman posing as an Immigration Lawyer highlights the importance of doing your due diligence. The Nassau County District Attorney’s office announced that they
Continue readingSEC 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
Continue readingTerminating an Employee in NYC: NYC “Just Cause” Dismissal Basics
Two laws expanded protections for fast food workers in New York City were signed into law by New York City Mayor Bill de Blasio on January 5, 2021. The laws must be understood by all employers hiring employees in NY. We suggest consulting with an attorney and creating a HR
Continue readingHow 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.
Continue readingTop 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
Continue readingBan 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 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 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 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 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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