Choosing the right legal structure for your business is an important step. While running a sole proprietorship or an LLC may look easier, for many New York City businesses incorporating will be the right choice. There are three main reasons why incorporating is so advantageous. Protection from Liability When you set up a corporation that…
New York is a unique place to own real estate, because co-ownership is a lot more common here than it is in other parts of the country. This offers the advantage of making real estate investment more accessible to a wider group of people than it would be otherwise, given real estate prices, but comes…
You probably wouldn’t be surprised to hear that lots of people scroll down to hit “accept” on the “Terms and Conditions” page of any given website without reading a word of text. You might be surprised to learn that lots of business owners do the same thing to paper contracts which pertain directly to business…
On October 24 of 2019, the State of New York Court of Appeals rendered a decision on Xiang Fu He v. Troon. It is vital for anyone who leases out commercial real estate to pay close attention to this verdict, which stated out-of-possession landlords could be held liable for slips and falls on icy sidewalks.…
One of the most common causes of action as to business litigation claims is for a breach of fiduciary duty claims. This can take some business owners by surprise. Owning a business often creates fiduciary duties to various parties, even if you are not an individual whose sole business purpose involves creating fiduciary relationships. When…
When you’ve been injured through someone else’s negligence you always have the right to bring a personal injury claim. But that doesn’t mean the defendant’s actions will be the only ones to come under scrutiny. New York is a comparative negligence state, which means your own actions will also enter into the discussion. Here’s what…
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