Why using a Non Compete Agreement found on the Internet is a Bad Idea

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A former employee taking customers from a business after having left the company's employ is many business owner's nightmare.  Thus, many businesses try to prevent their employees from competing with them during and even after the employment…

Should we incorporate our Small Business in Delaware?

More often than not, a small business operating out of New York is well advised to incorporate in the Empire State. While you could theoretically incorporate in any of the 50 states (including Delaware), incorporating in another state such as…

How to Execute a Contract – Good Practice Checklist

You put it in writing, you aced the negotiations, and you are ready to execute the contract.  Don't let down your guard at the last minute!  The following points are worth noting when executing a contract in New York.  While neglecting to…

Keeping your Employees’ Personal Information Safe- the Security Breach and Notification Act

Picture this:  Your accountant has access to all of your employees' records which she keeps on her computer system.  One day, against better judgment, she leaves the laptop in her car.  The laptop gets stolen.  Next thing…

How to choose New York Law and New York Courts in your Business Contracts when you have no connection to New York

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I don't need to tell you that New York lies at the center of the universe.  But did you know that you can be a part of it by choosing New York law to govern your business contracts and New York courts to decide upon any conflicts arising…

Update to “Conflict Resolution”

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My post on September 14 talked about conflict resolution and the resources available at the American Arbitration Association.  In the meantime, I discovered another great resource for domestic and international arbitration issues: …

A Google Search Asks: Can an LLC pay its Members a Salary?

Courtesy of Mybloglog, I can actually see what people were searching for when they  clicked on my blog.  One of the  google searches that caught my attention was:  "Can an LLC pay its members a salary?" Lonely internet…

Conflict Resolution

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As a business owner you will encounter conflicts; particularly with your fellow business partners.   As in any relationship, it helps to deal with these conflicts rationally.  Easier said than done, I know. My favorite blog about…

You may be a Partnership without knowing it!

The scenario is all too common.  You and one or more of your friends "go into business together."  You start spending money on the business, take in some first profits, and share everything equally.    Since you…

Your Employee’s Right to Party!

Did you know that your employees have a right to pretty much do whatever pleases them outside of work?   New York law (New York labor law Section 201-d 1.b.) prohibits employers from firing employees for "engaging in legal recreational…