Increasing your Chances of Collecting Outstanding Invoices

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I wish every small business that all its clients and customers always pay what is owed.  Unfortunately, we know this not to be true.  At a certain point, all small businesses face the dilemma of either writing off an unpaid invoice or trying…

Evidencing Ownership in a Corporation – Nothing beats a Share Certificate

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Nothing beats a Stock Certificate when you have to prove your ownership in a business corporation.

When it Smacks, it Cracks – Your Limitation of Liability Clause, That Is

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I am sure you have seen this or a similar contract clause before:   "The Company's liability for damages,  including incidental or consequential damages, is limited to the total compensation paid to the Company by Customer"  In…

Small Business Partnerships -Protecting your Minority Stake

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You do not have to rely on the goodness of human kind alone, when going into business with other people.  There are legal (agreements) and practical measures (business common sense)  that you can take to make sure that your business…

New York LLC Formation

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Let us help you with  your New York LLC Formation!  Call us to discuss your legal concerns and any other questions you may have about the process of forming a New York Limited Liability Company.  We are not a paralegal service where you don't…

Lack of Shareholder Agreement leaves Dentist’s widow empty handed

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As New York Business Divorce reports today, the lack of a shareholder agreement caused a New York widow of a dentist, who was practicing dentistry in a professional corporation, to be left with nothing.   Despite the fact that the deceased…

Can you be liable for third party defamatory comments about your competitor posted on your Blog?

Most businesses now have a blog connected to their website.  Blogs attract comments.  What if a particular nasty comment is posted by a visitor about one of your competitors?  Can the competitor come after you for defamation…

Contracting by Email and the Statute of Frauds

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Email can actually save many agreements that would otherwise fall prey to the "statute of frauds".   Let me explain. I know that many of you neglect to get their agreements and understandings in writing.  And, on an emotional…

New York State Sales Tax Information

The New York State Department of Taxation and Finance just updated some of its very helpful information regarding business owners and their sales tax obligations. For a general overview, consult "Your responsibilities under the New York…

The DOL Timesheet App and a Reminder on keeping Wage and Hour Records

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The Department of Labor recently released an app for workers to independently keep track of their hours worked, wages earned and breaks taken.  According to their press release, "This app will help empower workers to understand…