Boards of directors are an important aspect of many businesses, but not all companies have them or are even required to have them at all. With that being said, among those without boards of directors, the question “Do I need a board of directors?” sometimes arises, and the answer is that it...
Ensuring Compliance With Use Clauses in Commercial Lease Agreements
Use clauses are important aspects of commercial lease agreements, as they define the scope of the activities a tenant may engage in while in possession of the property, thus protecting the landlord and potentially other tenants of the same building.
Without some way to ensure compliance, though, use...
5 Common Zoning Disputes to Avoid
Zoning disputes occur for many reasons. You might seek a building permit and discover that your plans do not meet the zoning regulations. Or a neighbor might give you a friendly — or not-so-friendly — warning that your building violates zoning.
But the worst-case scenario happens when you receive...
The Rise of Social Media: Legal Implications for Businesses
Social media and business can be a potent mix. Social media platforms allow businesses to market their goods and services more cheaply than traditional media. They also help a business reach a wider audience than many other platforms.
But the mix can also bring new legal problems. Falsehoods...
The Impact of Zoning Laws on Real Estate Litigation
Zoning laws protect the community’s interests. Putting potential nuisances like industrial factories apart from residences and parks protects the health and safety of residents. And requiring setbacks helps limit the spread of fires.
But zoning laws can also protect the interests of individual property owners. Limits on building heights...
How to Prepare to Sell Your Manhattan Business
Owners sell their businesses for many reasons. Personal motivations, new opportunities, and changes in market conditions can push you into selling some or all of your Manhattan business.
Selling a business requires a lot of preparation. The steps you take will determine whether you get...
Options for Resolving Partnership Disputes
Building and growing a business is exciting and can be quite lucrative, but partnership disputes can hinder your success. When two business partners begin to strongly disagree — especially to the extent that they no longer trust each other — the survival of their company is immediately threatened.
Understanding Eminent Domain: A Guide for Property Owners
Eminent domain is one of the government’s greatest powers. Its ability to take private property is so powerful that America’s founders limited it in the U.S. Constitution, which stipulates that a government entity can only take private property for public use. And it must always pay “just compensation” when doing so.
Evaluating a Commercial Lease: A Guide for NYC Lessees
In the vibrant business landscape of New York City, securing the right commercial lease can significantly impact your company's success. Before you sign any lease agreement, it is crucial to understand the essential aspects of commercial leases.
Understanding Lease TypesThe first crucial consideration is...
Enforceability of Non-Compete Agreements
The New York commercial landscape is a battleground where business interests are fiercely contested. One protective measure that companies often utilize in this environment is the non-compete agreement. These agreements are clauses in employment contracts that restrict an employee from working in a similar profession or trade in competition against their...