Securing operating licenses can seem like little more than a formality for parties ready to start a business. However, a single piece of paper could ultimately prevent a business from opening its doors. For instance, if you want to open a bar, restaurant, club or...
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Business Law
When should a business apply for an EIN?
Every business has a different origin story. Some entrepreneurs enjoy the thrill of building something out of nothing. Sometimes an inventor has the idea of a lifetime. Often, a side project at home blossoms into something bigger. Whatever the inspiration or goal may...
Questions to ask when a business makes its first hire
The old business adage of “location, location, location” is certainly important. But location is only part of a successful business. Timing is vital, whether that means getting a head start against potential competition or striking while the iron is hot with a timely...
Are your kids ready (and willing) to take over the business?
If you are like many New York business owners, your hope for your business is to one day pass it on to your kids. Business owners planning to do this can take steps to make this transition go more smoothly for all parties involved. Talk to your kids One of the most...
What does a ‘force majeure’ clause in a contract do?
“Force majeure” has been coming up a great deal during the pandemic. Even as the crisis seems to be waning, supply chain disruptions have made it difficult or impossible to meet some contractual obligations. Some contracts contain a “force majeure” clause that could...
Consider safety nets when working with new investors
It may be true that some business growth is luck – being in the right place at the right time. But the majority of lasting businesses are built on a firm foundation with a governance structure, clear goals and a defined growth strategy. All of these items are subject...
NY employers will want to note this arbitration-pact legislation
New York business owners necessarily maintain a constant and broad-based focus on problematic – both potential and actual – labor-tied challenges arising in their enterprises. And for good reason. Problems on the employment front occasionally surface in every company....
What’s going on with NY’s cannabis legalization plan?
The legions of reports and commentaries that have persistently issued over the past couple years on New York’s high-profile cannabis legalization program have varied in their details. But they have routinely coalesced around these few core points: The plan is...
Key facts concerning New York’s small business relief program
It was unquestionably a big deal when it first came to public light back in March. New York’s so-called Pandemic Small Business Recovery Grant Program was formally launched that month as part of the state’s executive budget enacted for this year and 2022. We...
Key New York State budget prong: Aid for small businesses
The ongoing and adverse effects of the COVID-19 health pandemic have been deep and pernicious across the United States. Especially for small businesses. Those entities – both in New York and nationally – have almost uniformly dealt over the past year-plus with severe...
