One of the most commonly asked questions among New York investors in commercial real estate is how the classification of property works. You may have heard this classification system used countless times without knowing what it is. It's a huge asset to have at least a...
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Year: 2021
Tips for selling a business successfully
Selling a business in New York can be a daunting task. There are so many things to think about, and there is no one-size-fits-all approach for selling a business. Thankfully, there are certain things you can do to make the process easier and increase the chances of...
The basics of the Section 1031 like-kind exchange
The Internal Revenue Service (IRS) allows real estate owners to exchange real property without having to take on tax liability. Section 1031 allows that tax-free like-kind exchanges are made in place of having to sell businesses and tangible assets. It's necessary to...
Distinctions between mergers and acquisitions
Knowing the differences between mergers and acquisitions can reveal the pros and cons of each. In a merger, two businesses combine as their agreement. Their resulting group is formed as a mutual outcome. The term "acquisition," however, has two connotations with it in...
The main types of takeover bids in New York
In the business world, mergers and acquisitions happen for various purposes. This includes gaining an industry monopoly, expanding into new markets or improving a company's overall performance. The specific corporate actions that make this possible are commonly...
Redomestication of an NY corporation
Many people who start businesses in New York later find that they want to move their location of incorporation to Delaware. Delaware has a more business-friendly court system and set of regulations for the board of directors, more favorable tax rates, and other...
Starting an international business has unique considerations
"Selling globally" and "international enterprise" are two exciting concepts that can change the life and business trajectory of New York entrepreneurs who wish to expand outside of U.S. shores. However, successful international companies come with considerations that...
The benefits of having outside counsel
Running a business in New York takes a lot of discipline and dedication. If your company is new, you will want to have legal counsel to manage all legal matters. However, it’s beneficial to hire outside legal counsel instead of someone who is a full-time employee....
Three smart ways to stop an acquisition from happening
For one reason or another, a business will take over another company. However, not all acquisitions are friendly. When one business tries to take over another one without the other company's consent, it's known as a hostile takeover. If another company is trying to...
How Full-Stock Mergers Work
Mergers and acquisitions in New York turn out to be lucrative deals when done right. Money is the central focus, but how it’s acquired in a deal is a true challenge. In acquisitions, monetary values have to be exchanged in order for one company to acquire the other....