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When planning an estate, individuals often consider using either a will or a living trust to manage and distribute assets after passing. Both tools are powerful, but they serve different purposes and suit different situations better. Understanding these differences is...
Memecoins, such as Dogecoin, Shiba Inu, and PEPE, have surged in popularity, catching the interest of casual investors and aligning themselves with internet culture. These memecoins, often started as jokes or parodies of established cryptocurrencies like Bitcoin and Ethereum, rely heavily on market demand and speculative trading rather than intrinsic value or utility. Unlike conventional financial assets, their value can…
In the culinary world, where innovation and creativity collide on plates, a recent case in New York has sparked a heated debate about recipe ownership and protection. It involves a chef accusing a former employee, a sous chef, of stealing a recipe and using it to win...
Numerous companies established post January 1, 2024, are obligated to submit a Beneficial Owner Report to FinCEN within 90 days of their inception. Similarly, entities formed before January 1, 2024, must complete this requirement by December 31, 2025. A beneficial owner is defined as an individual with substantial control over the company or ownership of at least 25% of its…
Starting a business in New York can be an exciting but challenging endeavor, especially when it comes to funding options for startups. Each funding avenue comes with its own legal considerations and implications that can significantly impact the future of your business. Understanding these legal complexities is crucial for making informed decisions and safeguarding your venture. In this blog, we’ll…
Welcome to the Comprehensive Guide to the Permanent Outdoor Dining Program in New York City! In response to the challenges posed by the COVID-19 pandemic, the city has launched a permanent outdoor dining program to support local restaurants and offer New Yorkers an enhanced dining experience. This program represents a significant shift from the temporary outdoor dining initiative, opening the…
The advent of remote work has transformed the landscape of business operations, and one crucial aspect that has evolved alongside is the execution of contracts from a distance. As New York businesses adapt to this new paradigm, understanding the legal intricacies of remote contract execution becomes paramount. Legal Validity of Remote Contracts in New York New York State, like many…
Importing food into the United States involves compliance with regulations set by the Food and Drug Administration (FDA) to ensure the safety and quality of the products. Here is a summarized overview of the FDA requirements for importing food into the U.S.: Registration of Food Facilities:Foreign food facilities must register with the FDA, and this registration should be renewed biennially.…
In the fast-paced world of New York business, securing the creative output of your employees, contractors, and service providers is crucial. The “work for hire” clause is a legal tool that can provide your company with the protection it needs. In this blog post, we will explore how the “work for hire” clause safeguards your business interests. Understanding the “Work…
As New York City takes bold steps towards a greener future, building owners find themselves facing the challenges posed by Local Law 97 (LL97). This groundbreaking regulation mandates progressively stricter emissions limits for thousands of structures in the city, aiming to reduce greenhouse gas emissions and combat climate change. In this blog, we will delve into the key provisions of…