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There is good news for business owners wanting to open a restaurant in New York, as the New York State Liquor Authority (NYSLA) has recently expanded the eligibility for temporary retail permits. This expansion will allow an applicant to temporarily sell on-premises alcoholic beverages from its restaurant while the actual license application is pending. The permit is usually issued for…
The financing to purchase a residential property can be either a traditional loan from an institutional lender, a purchase money mortgage from the seller of the property financed, or a hard money loan from a private lender. Institutional Lender This is the most common form of financing obtained in connection with a residential purchase. The loan application is based on…
The corporate world as we have known for the past several years is about to be shaken by the Web3, which is the latest Internet development empowering its users to transact through decentralized blockchain platforms without the need to rely on Web2 giants (such as Facebook, Youtube, and the likes). Specifically, there is an evident lack of coordination and meaningful…
Every year, on April 1st, the United States Citizenship and Immigration Services (USCIS) begins accepting applications for H-1B visas, better known as “work visas.” Generally, the H-1B visa is initially issued for three years and can be extended for an additional three years. The USCIS opens the initial 14 days registration period from the beginning of March, so it is important to…
Industry and Legal Trends to Watch in 2022 2022 is here, and hopefully, it will be remembered as the year we put an end to Covid-19. Several industries are poised to complete the economic rebound or even boom. These are sectors that we at Cea Legal will be following closely: Blockchain, blockchain, blockchain! 2021 was an amazing year for the…
One of the most challenging aspects of capital raising for new entrepreneurs is finding a compromise between the need to quickly access fresh financing and the limits placed by the securities law to protect unsophisticated investors. In this context, the crowdfunding provisions of the JOBS ACT of 2012 (Regulation Crowdfunding “CF”) represent an attractive option in that they allow a…
At the outset of any new venture, communications and sharing of ideas and goals between majority shareholders (often the founders) and the minority shareholders (often the silent investors) are idyllic. During the corporation life and its activities, personal issues – or anyway business disagreements – arise frequently, and the relationships go sour. Minority shareholders are in a particularly risky and…
In “simple” terms, the metaverse is a new environment characterized by the interconnection of the digital and the physical worlds. The results of this union are multiple and fascinating thanks to the blockchain technology that allows users to connect and transact in decentralized environments – which, as a whole, are now known as “Web 3”. For instance, pioneer investors and…
A very popular “buy-to-rent” option in New York City is an investment in a mixed-use building featuring commercial spaces at the street level and residential units above. A purchaser should not simply rely on the information and paperwork provided by the seller but instead, conduct thorough due diligence through its attorney. One of the first items to verify is the…
Given the exposure to industries such as hospitality, fashion, information technology, and science, among others, at Cea Legal, we are often hired to draft non-disclosure agreements (NDAs), which are contracts establishing a confidential relationship, when the parties acknowledge that sensitive information they may obtain in the course of the business relationship should not be disclosed to any other party. Simply,…