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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
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.
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 intention is clear, but that current precedent
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 is a Special
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, professionals review financial statements,
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 aware of
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
Pros and cons of accepting cryptocurrency as startup funding
New York allows you to accept cryptocurrency if you have a BitLicense, which costs $5,000 to acquire. You should be aware of the pros and cons of accepting cryptocurrency as startup funding before making your decision. No third-party processor Investors
Negotiating better with venture capital firms
Venture capital firms in New York take on a considerable amount of risk. Learning how to negotiate with investors is the key to securing the funds. Listen and wait for responses Learn to listen and wait for the right response.
What to know about CRE property classification in New York
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
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
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
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
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 referred to as
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
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 are unique to
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
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