NY Small Business 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 29, 2020 Daniel Gardner

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

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 18, 2020 Sean Hayes

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

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

August 10, 2020 Sean Hayes

International Distribution Agreements: Selling your Products, Systems & Services Abroad via Distributors, Agents & Franchisees

Our attorneys at Hayes & Simon see too many international distribution agreements, agent agreements and franchise agreements that are mere spun U.S. or European distribution agreements. These agreements are utilized for matters concerning the distribution of a products, systems or services abroad and should be based, in most cases, based

August 7, 2020 Sean Hayes

Starting Business in New York via a Joint Venture or Partnership Agreement?

Starting a business in New York can be enjoyable and profitable adventure if you get the business on the right track from the start. Often, companies choose to come together via a joint venture or partnership. With the present coronavirus shutdowns in New York, quality of life issues and New

July 9, 2020 Sean Hayes

New York Disability Discrimination Laws: NY Employment Law Basics

When an employer, in New York, makes employment decisions based on a disability and not via criteria appropriate under law, the action of the employer may be considered disability discrimination under federal and New York State Law. New York State and New York City Law provides comprehensive protections for employees

May 18, 2020 Sean Hayes

Restrictive Covenants in New York Franchise Agreements: Strategic Use of Restrictive Covenants by Franchisors

New York franchise agreements typically contain restrictive covenants against competition and/or a franchisee non-compete clause. Such provisions are meant to prevent franchisees, whom are granted rights by the franchisor to operate a business modeled on the Franchise Program from engaging in business activities in competition with the franchisor during or

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

September 16, 2018 Sean Hayes

Buying or Selling A Business in New York? Do Your “Due Diligence”

Before buying or selling a New Yorkbusiness, make sure you understand how to perform a “due diligence” for the business. This is essential for all businesses whether you are the buyer or a seller. A good motivated seller of a business will, usually, receive a better deal if pre-due diligence

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 1, 2018 Sean Hayes

New York Shareholder, Member and Partnership Business Disputes In NY: New York Business Disputes & Litigation Basics

We handle numerous New York, New Jersey, Connecticut and international shareholder and member disputes. The main reasons for these disputes are because of the lack of an adequate Shareholder, Operations or Partnership Agreement, the lack of due diligence or nefarious acts by a member, shareholder or controlling directors. Analyzing whether

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