Construction Claims: 4 Common Causes of Defect Claims

Construction defect claims inspire a lot of the litigation in the New York and Florida construction world. Generally speaking, such claims allege that defects in the planning, design, workmanship, and/or materials or systems used on a project caused some kind of financial harm to the owner. Courts tend to place defects into one of four categories, each of which can form the basis for a claim. Design Read More

An Introduction to New York’s ICAP or the Industrial and Commercial Abatement Program

If you intend to develop or renovate an industrial or commercial property in New York City, you may be eligible for a significant tax abatement under the New York State Industrial and Commercial Abatement Program, or ICAP. Designed to replace the Industrial Commercial Incentive Program (ICIP), which came to an end in 2008, the ICAP is administered by the New York City Department of Finance, which issues Read More

Protecting Your Investment: How to File a Mechanic’s Lien in Florida

Mechanic’s liens are an effective way for contractors, subcontractors, laborers, and suppliers to ensure that they get paid for the work they do on a construction project. In this blog, we explain the steps required for correctly filing a claim of lien in Florida. Delivering the Notice to Owner Most participants in a construction project are required to deliver a notice that protects their rights to file a Read More

To Airbnb or Not to Airbnb: New York’s Restrictions on Short-Term Rentals

Anyone hoping to find a cheap place to stay during their next visit to New York will have limited options on Airbnb. In June 2016, the New York state legislature passed a law that strengthened the city’s existing rules on short-term property listings. Since 2010, it has been illegal to rent out apartments for less than 30 days. Would-be hosts who are found promoting a short-term apartment rental on a site like Read More

Understanding the Due Diligence Process in a Business Transaction

Transactions are fundamental to the business world. Practically everyone has wandered into a store or gone onto their favorite website or app and exchanged money for goods and services. Some transactions, however, require more research than simple confirmation that your peers like the same brand of coffee or loved the same book. When you’re in the process of acquiring a company, merging your business with an Read More

How to Protect Your Construction Company from Legal Disputes

In the construction business, even the best-planned projects can experience roadblocks and downturns that eventually translate into an expensive lawsuit. Schedule delays, budget overruns, defective materials claims, and incompatible expectations all have the potential to create a situation that ends up in court. While there is no way to guarantee that your construction company won’t ever be sued, you can minimize Read More

What is the Difference Between Surety and Fiduciary Bonds?

Although oversight agencies and regulations are in place to help business transactions go as smoothly as possible, disruptive issues such as fraud and breach of contract do still occur. For smaller companies, these negative events represent immense financial loss and can even close the business down permanently. One way to reduce such risk is use of surety or fiduciary bonds, which serve as an insurance policy and Read More

Is it Time to Sell? 4 Questions You Should Ask Yourself Before Selling Your Business

Although it seems like only yesterday, it’s been years—decades, even—since you turned your business from a promising idea into a quantifiable success. You’ve got a winning product, loyal customers, and strong employees who have been with you for years. Now, you’re ready to pass the torch to someone else and either retire or apply your talents to something different. In other words, you’re looking to sell. You may Read More

Passing on the Mantle: 6 Tips to Ensure Solid Business Succession Planning

Most business owners devote their attention to immediate and pressing issues like good cash flow and a balance sheet that’s perpetually in the black. Retirement is like a distant mirage, and besides, the thought of handing the reins over to someone else can be both anxiety-inducing and daunting. How could anyone possibly take your place? How could anyone ever know how to do everything that you do? If this sounds Read More

Overtime Rules: What Your Employer Can and Cannot Do

If you’re thinking about doing a little extra work outside of your normal 40-hour per week schedule—working overtime—it’s important to know your rights to overtime pay as well as what your employer’s rights.   New York’s overtime rules add to and mirror employment laws at the federal level enshrined in the Fair Labor Standards Act (FLSA). Generally, employees who work over the 40-hour a week schedule are entitled Read More