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Why Pay for Play Should Include Student-Athletes

The debate surrounding compensating college athletes has been ongoing for decades. Until now, a court has not ruled on whether college athletes should be compensated for their service.  The Ninth Circuit recently ruled that amateur compensation rules are commercial in nature and anticompetitive. Following the Ninth Circuit’s lead, California proposed a bill that may soon


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Corporation or LLC: What’s the Right Corporate Structure for Your Business?

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


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Operating a Crypto Business in New York

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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The Bully and the Billionaire

Jeff Bezos, currently the world’s richest person, accused the National Enquirer, and its parent company American Media Inc. (AMI), of attempted extortion.   Bezos, Amazon’s CEO and owner of the Washington Post, announced last month that he and his wife MacKenzie were separating after 25 years of marriage.  What followed was an avalanche of tabloid


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Selling a Startup or Small Business: 5 Things You Should Know

In February 2018, the technology behemoth Amazon acquired home security company Ring for over $1 billion.  Last month, Google acquired the question and answer app Superpod for roughly $60 million.  Last week, Dropbox announced it was acquiring workflow startup HelloSign for $230 million. With the economy on the rise and competition for marketplace innovation increasing,


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Understanding Drag-Along and Tag-Along Rights 

What are “drag-along” and “tag-along” rights?  Suppose that you own some shares in a company, but your business partner holds the majority of shares.  Now suppose your business partner gets an offer to sell those majority shares to a third party.  Even if you don’t want to, you might be obliged to sell if that Shareholders’ Agreement you signed includes a drag-along provision.    A drag-along provision enables a majority shareholder to force a


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The September 11th Victim Compensation Fund

Individuals who lived or worked in lower Manhattan between 9/11 and May 30, 2002, may be entitled to financial assistance from the September 11th Victim Compensation Fund, also known as VCF.  This federally-funded program was created not only for first responders, but also for certain people who: • Resided in or worked below Canal Street


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Trademarking Colors: A Rainbow of potential issues

In 2012, Nike signed a five-year uniform and apparel deal with the National Football League valued at roughly $1.1 billion.  In a bold marketing strategy, Nike finessed their signature “Volt” color – a lime green hue similar to Pantone 381 C – and slapped that color onto the bottom of all Nike-sponsored players’ cleats and


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How The Parodist “Stole” The Grinch: Fair Use Ruling Upheld

Last month, the Second Circuit Court of Appeals in New York City affirmed a ruling which held that Who’s Holiday – a modern play in which the main character, Cindy-Lou Who from Dr. Seuss’ How The Grinch Stole Christmas, is now an adult, humorously engaging in adult behavior – is a parody protected by the


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This Blog is made available by Romano Law PLLC for general informational and educational purposes only, not to provide specific legal advice. By using this Blog you understand that there is no attorney client relationship between you and Romano Law PLLC or any individual contributor. You should consult a licensed professional attorney for individual advice regarding your own situation.

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