Can I Lose My Personal Property If My Business Is Sued? There are two types of business owners. The first type doesn't know that their personal property could potentially be at risk if their business is sued. The second type is constantly worried that something could...
Year: 2022
Should You Draw a Salary As a Business Owner?
Should You Draw a Salary As a Business Owner? There are a lot of reasons to start a business, and making money as an owner typically tops that list. But should you actually draw a salary from your business? I’m Neil Fridman with the Fridman Law Firm. Today, I want to...
Employment law basics you should know
Employment law basics you should know There are some things that every New York employer should know about the laws that govern their business. Breaking down the legal side of employment may seem daunting, but by starting with a clear overview of the most important...
Top elements of a commercial property sale
Top elements of a commercial property sale Selling real estate can be a complex process in New York. Besides the legalities of the sale, you have to consider many potential factors that could affect the sale price and how long it might take to sell. In order to make...
IP due diligence for M&A transactions
IP due diligence for M&A transactions Are you planning to grow your business through a series of acquisitions? If this is the case, you will need to proceed with great caution. There are a number of issues that can lead to legal problems in New York. One of them...
How to handle mistakes in employment agreements
How to handle mistakes in employment agreements Employment agreements are a crucial part of employment law. When employment agreements have mistakes, it is often unclear what will actually happen. It might seem obvious that mistakes don't really count when the...
Understanding Special Purpose Acquisition Companies in New York
Understanding Special Purpose Acquisition Companies in New York If you follow the world of business acquisitions, you may have come across the term "Special Purpose Acquisition Company," or SPAC. But what is it, and how can a SPAC help your business in New York? What...
The importance of due diligence in acquisitions
The importance of due diligence in acquisitions Due diligence is a process wherein lawyers and other professionals conduct research on the target of a merger or acquisition and determine if the target would be a good prospect for a client. During due diligence,...
Common commercial real estate financing options
Common commercial real estate financing options The idea of owning commercial property is a dream come true for many people. However, commercial real estate financing is a whole new ball game compared to the residential real estate market in New York. You must be...
Entity formation and tax implications
Entity formation and tax implications A person needs a business idea and plan before creating a business entity. Selecting a business entity is complex since there are multiple types. Each business entity has its own set of tax advantages in New York, New York. The...