It is a basic part of a business’s overall blueprint for success to carry the insurance it needs. As is the case with individuals, businesses rely on their insurance companies to pay up when there is a claim. After all, that is why businesses pay premiums....
Going into business with a partner can be a rewarding experience. Having someone to share the highs and lows of business ownership with you can help provide a variety of opinions and insights into your enterprise as well as share the workload. But, like any...
Companies misrepresenting income or other information material to their operations may face a shareholders' lawsuit. Whether a business has a few stockholders or thousands, management must provide accurate information. If you are an investor with reason to believe the...
Litigation is expensive, time-consuming and it can potentially ruin valuable business relationships. This is why savvy business owners go out of their way to avoid needless litigation. One good strategy for avoiding litigation is to try arbitration as a substitute....
An insurance policy is a contract. You make an agreement with an insurer that the company will cover you for different reasons, whether it be personal or property related. If the insurer breaches that contract, you may not receive the money you are due. The insurance...
No matter what business you are in, it is usually to your advantage to try and avoid litigation at all costs. Litigation can be very expensive and it often ends up taking up a great deal of time. Not to mention, litigation can seriously harm business relationships....
Crowdfunding involves raising revenue by asking many investors to kick in cash, often in exchange for some benefit. Individuals, typically using an online platform, may offer as little as a few dollars or contribute significantly more to a business venture. For...
Being a business owner is part of the American Dream for many New York residents. However, it also comes with significant responsibilities and a lot of hard work. Officially closing a business is not as easy as it sounds, regardless of the closure reasons. We often...
Choosing a legal structure for your new business can be a struggle, given that you have several legal structures to choose from. LLCs are a common choice for entrepreneurs because they can provide tax benefits and asset protection. If you are considering an LLC...
As a business owner, you likely know that the rule is to keep your personal and business finances separate, but what happens when you get an offer for a personal business loan? If you are struggling to get business loans or other financing, you may see this as a...
