If you've decided that it's time to sell your business, perhaps because you want to retire and don't have any heirs who wish to take over for you, you need to know what the actual value of that business is. There are a lot of different factors to consider, but you...
Business Law
Business Law
Can you get overtime on a salary wage?
Did you know that not everyone who is on a salary is prevented from getting overtime compensation? While most people think that being on a salary means that they will get a certain amount of pay regardless of how long they work, the reality is that those who don’t...
Does working “at-will” mean you can be fired for any reason?
Most workers are at-will employees. They do not have contracts. They can be fired at any time. They can quit at any time. Even if they consider their job to be stable, there is technically no guarantee that it will exist from one day to the next. As soon as they want...
Can Artificial Intelligence (AI) lead to new forms of litigation for companies?
AI has already had an untold effect on a variety of industries. In the Human Resource (HR) arena alone, managers are using AI to help with the hiring process. AI is also doing job performance evaluations and deciding who qualifies for promotions -- and who gets a...
3 tips for handling disputes in the workplace
No matter what kind of business dispute you run into, it can be frustrating to know that you’re going to have to spend time and money handling a disagreement and lawsuit. Workplace disputes, in particular, can easily cause problems for a business owner. As someone...
How to avoid problems with spoliation of evidence
In any kind of civil ligation, evidence is the key to winning a case -- and that’s why there’s a rather lengthy discovery process that goes on in every business lawsuit. As a company, you never want to have to tell the court that evidence that’s being sought in...
What rights do you have as a freelancer in New York?
New York has a Freelance Isn’t Free Act that protects freelance workers from some of the common problems they may face, such as a client not paying them or a client retaliating when workers try to enforce their rights. Most freelancers have protection under this act....
The elements of a valid contract
Assuming that a contract is valid, its terms will usually be enforced by a New York judge. Generally speaking, a contract is deemed to be legitimate only if it is entered into freely by individuals who are of sound mind. Furthermore, some form of consideration must be...
How to resolve business partnership disputes
Many businesses throughout New York come from a partnership between multiple individuals. Unfortunately, the partners in a business may get into disputes, leading to potential business litigation that is stressful and overwhelming for all involved. There are several...
Reverse mergers: What exactly are they?
Owning your own business in New York can be a great venture to take on, and throughout your journey, you're likely to encounter several critical decision-making moments. One of the most common challenges, if your company grows large enough, is to conduct a reverse...