Buying a business feels like acquiring assets. In reality, you are also acquiring a workforce, a history of employment decisions and the legal obligations that come with both. For Buffalo and Rochester-area businesses considering an acquisition, the employment law...
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Business Law
Tips for choosing the right business partner
After spousal and familial relationships, the relationship that you share with your business partner is likely primary. That’s why anyone contemplating entering into a partnership should strive to find the best candidate possible. Below is some important information...
Severance Agreements: Essential Terms Employees and Employers Should Review
Negotiating severance packages is a standard part of the hiring process for those in well‑compensated positions. Both professionals and the companies seeking skilled services must negotiate to ensure that the employment contract is mutually beneficial. Clarifying...
How business litigation can help with unpaid debts
Creditors attempting to collect on a debt sometimes file lawsuits. Debt-related litigation brought against an individual can yield one of two beneficial outcomes. Frequently, litigation results in a lien placed against valuable property or an order allowing for the...
New York businesses face rising cybersecurity compliance demands
Small and mid-sized businesses across New York are increasingly vulnerable to cyberattacks and data breaches. To address these risks, the state enacted the Stop Hacks and Improve Electronic Data Security (SHIELD) Act, which requires companies to adopt reasonable...
How New York entrepreneurs can avoid costly startup setbacks
New York is full of possibilities, especially for entrepreneurs. It is an exciting journey, but it does come with its own challenges. You can have the best ideas and the drive to make them succeed, but without the right legal structure and documentation, those dreams...
What makes a contract legally binding?
Contracts can have a big impact on your personal and business life. They can set expectations, outline duties and protect everyone involved. Still, not every agreement is legally valid. For a contract to be binding, it must meet certain legal conditions that...
How to handle a former business partner stealing trade secrets
Finding out that a former business partner is using your trade secrets in their new venture can be both emotionally taxing and legally complex. This is someone who was once close to your operation and is now taking advantage of the proprietary knowledge you gave them...
3 reasons to consider partnership when starting a new business
Turning an entrepreneurial dream into a business is an exciting venture, full of possibilities and promise. It’s also a path lined with risk, complexity and countless decisions that can shape your company’s future. One of the most important early choices you’ll make...
Does your business need a succession plan?
Entrepreneurs put a lot of time and effort into starting and growing their businesses. But those long hours seemed worth it when the company started making a profit. If you put that much consideration into starting your company, why wouldn’t you put the same thought...
