In June, the Federal Aviation Administration (FAA) released its operational rules for the commercial use of drones, also known as unmanned aircraft (UAS). These rules provide clarity for businesses who may be contemplating the use of drones for commercial purposes. Perhaps the most well-publicized i…Read More
Many businesses maintain an industry advantage through control and utilization of trade secrets. Be it a formula, a design, or a process, trade secrets can provide advantages over the competition. Not surprisingly, trade secret misappropriation is a serious concern for many businesses. Until recentl…Read More
No doubt you've heard of Copyrights and Trademarks. You see copyrights in books, on the web, and throughout different media. You've also seen trademarks and you may be wondering how those relate to intellectual property and why you aren't seeing a copyright instead. Copyrights and Trademarks are use…Read More
When people think of businesses, chances are they think of either corporations or sole proprietorships. But there are many different types of companies and company structures available for the business owner. What type depends a lot on what may make the most sense for you. Let's look at what's ava…Read More
With every new year comes new laws that go into effect in New York. Some of these laws will affect businesses, so it's important to know what laws affect you. Here is a rundown of things you can expect in 2016. Death and Taxes We all know that we can rely on death and taxes, but the tax side is chan…Read More
As of January 1, 2016, covered employers in New York City are required to offer commuter benefits to certain full-time employees. Commuter benefits enable employees to purchase eligible transit on a pre-tax basis. This pre-tax deduction benefits both employers and employees by reducing taxes to be p…Read More
On October 30, 2015, the US Securities and Exchange Commission approved rules to allow companies to use crowdfunding to offer and sell securities. This is what is called regulation crowdfunding, and it has certain rules in place that allow investors and companies to benefit under the law. What is Re…Read More
Preemptive rights give the incorporators of New York corporations the opportunity to protect shareholders from dilution in the event additional shares are issued in the future. Unlike most states, preemptive rights are not default rights and should be explicitly included in the certificate of incor…Read More
After forming a limited liability corporation (LLC) in the state of New York, the entity must publish two separate public notices of their formation within 120 days. These publications need to take place in two different general circulation newspapers, one daily-circulation and one weekly-circulatio…Read More
Disputes with vendors, employees or customers are inevitable for most businesses. However, litigation for resolving such disputes can be both time-consuming and costly, resulting in time spent in court rather than in the office. As a result, most businesses seek alternative solutions such as arbitra…Read More