An introduction to how lawsuits are commenced in New York, and the steps you should take if your business is sued Lawsuits are becoming an ever-increasing presence in the business landscape. In one study, 43 percent of small business owners reported that their company had been engaged with, or threatened with, a civil suit. Other
Before pursuing a breach of contract lawsuit, it is important to clearly assess the chances of success, the applicable damages, and other factors Few things are more frustrating for a business owner than having a client or vendor breach a contract. The other party failing to live up to its end of the bargain can
When faced with a conflict that simple negotiation cannot solve, there are several dispute resolution processes at your disposal. Three of the most common are mediation, arbitration, and litigation. In order to evaluate which is best for you, it’s important to have a thorough knowledge of each method and its potential applicability to your case.
Can I Represent My Business in Court, Without an Attorney? Generally, corporations and voluntary associations must retain counsel when bringing or defending a lawsuit. See CPLR 321(a). This means corporations and voluntary associations may not use non-attorney company officials to represent the company, except in certain instances, described below. What is a Voluntary Association? Voluntary
In recent years, New York has implemented and updated laws against harassment and discrimination in the workplace. This may come as no surprise; the numerous scandals and the #MeToo movement have brought these issues to the front of the national conversation. Individuals who have experienced harassment or discrimination must take certain actions before filing a
By: Sarraf Gentile LLP The government encourages, rewards and empowers individuals who publicize fraud in the financial industry. The two most powerful and lucrative tools for outing fraud in the financial industry are the SEC Whistleblower Program and the CFTC Whistleblower Program. Both programs were created in 2010 as part of the Dodd-Frank Wall Street
Now that you have successfully filed a Confession of Judgment, obtaining the money that is owed to you seems effortless. Well, it’s not that simple. Why? A Confession of Judgment is simply a type of judgment, and like all other judgments, it does not guarantee payment. While this device allows you to obtain a judgment
You just heard about a budding business and you’re looking to invest. You’re excited to help the young company grow, so you agree to lend some money. The owners are ecstatic! They send you what’s called a “convertible note” – what is this? If you’re an investor that’s been presented with a convertible note, this
Thinking about starting a new business? Let’s pause for a minute and weigh some important considerations before you start the hiring process or sign that commercial lease. First, protect yourself by setting up an entity. In the unfortunate event that a lawsuit is brought against your business, a company that is properly set-up and well-maintained can
Over the last two years, the big crypto craze has the public buzzing about how to get involved in the crypto space. You’ve deciphered the differences between crypto-this and virtual-that, and read anything and everything crypto-related. So now you’re thinking of kick starting a crypto business of your own. You’re ready to form an entity
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