The Corporate Transparency Act is a federal law that has wide-reaching implications for businesses of every size in New York. This law is intended to fight fraud and tax evasion, but it imposes new requirements on small businesses that never had to face this level of...
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Year: 2022
Accredited investors
An accredited investor is an important potential player when it comes to trying to raise capital from investors in New York. Accredited investors are not subject to many of the restrictions of ordinary investors and can be involved in a company earlier on. The power...
Why you should seek help when choosing a business structure
There are multiple options available to those who want to start a business in New York. For instance, if you don't like doing paperwork, it may be best to operate as a sole proprietor. However, if you want to enjoy liability protection and potentially minimize your...
The ins and outs of acquisitions in New York
Many entrepreneurs in New York prefer acquiring another company to starting from scratch. This approach has many benefits, including finding an established client base, talents, and products or services to sell. Business acquisition explained The process of business...
Why intellectual property due diligence is so important
There's a lot to keep up with in the realm of mergers and acquisitions. When making this type of deal involving a New York company, it may be a nightmare for buyers when they leave due diligence out of their considerations. IP due diligence is important for both the...
Why Is it Important to Have a Business Lawyer?
A business lawyer is a legal professional that can help your company or startup business avoid the many pitfalls of starting, operating and growing your business. I'm Neil Fridman, a startup and corporate lawyer, and today, I’ll tell you why it's important for you to...
What Type of Business Entity Is Best for Me?
What type of business entity is best for me? This is a question every entrepreneur asks, and finding the right answer will have a huge impact on your business. The most popular business entities I’m Neil Fridman, managing partner of the ....
What Documents Do I Need To Start a Business?
I’m often asked about what documents a new business needs to get started. This is an important question, and the answer depends on your company's unique circumstances. I’m Neil Fridman. I’m a corporate and startup attorney who has represented hundreds of startups and...
FTC lowers reporting thresholds for mergers & acquisitions
There has been a recent change to the rules by the Federal Trade Commission (FTC) regarding the thresholds for reporting of a merger or acquisition. Businesses and residents of New York may want to learn more about the new requirements for reporting. According to law...
Do I Need a Succession Plan for My Business?
Starting and building a successful business requires hard work, dedication and extensive planning. But one business mistake owners often make is failing to create a proper succession plan. What is a succession plan? I’m Neil Fridman with the Fridman Law Firm. Today, I...