When it comes to incorporating a business, Delaware has long been hailed as the go-to state in the U.S., known for its experienced legal framework and corporate-friendly environment. However, there's a growing trend of businesses, particularly private companies,...

As the Trump administration takes office once again, its policies are expected to significantly impact various sectors, particularly businesses, real estate, and the burgeoning blockchain industry. This return to power could reshape the regulatory landscape and...

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…

Corporate governance is a critical aspect of running a successful business, particularly in New York, where regulations and legal requirements are stringent. Effective corporate governance practices ensure transparency, accountability, and the protection of stakeholders’ interests. Directors and officers play a pivotal role in upholding these best practices, with their fiduciary duties and responsibilities. From maintaining proper record-keeping to managing conflicts…

In an effort to combat illicit activities like money laundering, corruption, terrorist financing, and tax fraud, effective January 1, 2024, the Corporate Transparency Act (CTA), enacted in 2021, will introduce standardized reporting requirements for beneficial ownership information pertaining to corporations, limited liability companies, and other business entities operating or registered in the United States. The CTA mandates that such businesses…