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The “Unintended” Consequences of Not Having a Written LLC Operating Agreement

CONGRATULATIONS!! You have just formed a New York limited liability company to purchase a piece of rental property with your cousin Vinny (no, not that Cousin Vinny) and his good friend Michael. Forming a limited liability...more

Paycheck Protection Program: What You Need To Know

To help businesses keep their workforce employed during the COVID-19 crisis, the recently enacted CARES Act established a new loan program, known as the Paycheck Protection Program, to be administered through the Small...more

Guidelines for Backdating

In my practice, clients often ask me if they can date a document with a date that is prior to the date they are actually signing the document.  This is called “backdating”.  While the term backdating often carries with it a...more

Selling Your Business: Baskets, Deductibles and Caps, Oh My!

You’re a business owner and have spent years nurturing and growing your business into a valuable asset, and now you have decided it’s finally time to monetize that asset and sell your business. You go about the process of...more

Do Bulk Sales Laws Still Exist in New York?

I recently came across a discussion among members of the NYS Bar Associations Business Law Section where a question was posed concerning the purchase by a client of the posting attorney of all or “substantially all” of the...more

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