NY Business and Law Must-Reads — Wed, August 7: What you should read today about #smallbiz.

August 7, 2013

Tech News:

Bezos Brings Promise of Innovation to Washington Post, New York Times: Technology, August 7, 2013
Snoopify, an app themed around the rapper Snoop Lion, is selling a virtual sticker for $99.99, Wall Street Journal: Digits, August 6, 2013
Cooking website @Food52 launches an online marketplace for home chefs. Business Insider, August 6, 2013
Tech Magnates Bet on […]

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What you need to know about Buying an Existing Business in New York

August 5, 2013

 
When you buy a business, you purchase what is not known about the company.

Has the business ever been involved in any lawsuits?
Does the business from really have a good reputation or do they use unethical methods to obtain business?
Is the business making a profit or are they cooking the books?
How much inventory will you […]

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How Do You Know if your New York Contract is Valid?

August 1, 2013

If you run a  business, you may enter into contracts more often than they may expect. Whenever you or your company agree to take some action or make a payment in exchange for anything of value, a legal contract has been created.
How do you know if the agreement that you entered into is a valid […]

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8 Biggest Legal Issues Small Businesses Face

August 1, 2013

It might seem intimidating at first, but you can handle legal issues without going bankrupt.
A recent survey in 2012 found that nearly 55 percent of small businesses faced legal problems, but nearly half have never even signed up for a free consultation with an attorney.
Why aren’t small businesses getting professional legal help? The simple answer […]

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What you need to Know about LLC’s for Real Estate Investments in New York

July 25, 2013

What you need to Know about LLC’s for Real Estate Investments in New York

You recently took the plunge and purchased a new property, perhaps a two family building  in Brooklyn, or an investment property in the Hamptons.  What type of business structure would be best to protect your personal assets?
Choosing the right business structure can […]

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The Business of Simplicity

June 20, 2013

The opportunity to feel stress at work and try to make things even more complex is everywhere. I’m sure it happens to you.  At the moment I’m drafting a software sales contract. My client is selling a product that is complex. My “secret” is to keep it simple. I work to narrow issues to its core […]

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Fred Wilson’s Advice and I’m Going To Trial on Monday Because The Parties Didn’t Enter Into A Contract.

March 14, 2013

Uber VC  and all around sage Fred Wilson proclaimed in his fantastic blog that he often wishes that he we could do business on a handshake. He goes on with this story:
I always like to imagine the way that Andy Bechtolsheim handed Larry and Sergey that check for $100,000. I have no idea how it went […]

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What is the Business Judgment Rule?

March 13, 2013

There is no shortage of  examples of corporate wrongdoing. Officers and directors have been using the business judgment rule as an excuse for corporate malfeasance since the stone age. The defense is used in complex cases, such as mortgage backed securities indiscretions, to the relatively mundane where officers are accused of purchasing New York Knicks season tickets […]

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New York Finder Funding Agreement Form for Entrepreneurs

March 13, 2013

Are you looking for funding for your new startup? Do you plan on brokering a deal between an entrepreneur and an angel investor. Check this form out.
Be aware that this form is for guidance only. I would strongly advise against using this form prior to contacting an attorney like myself. 
The Law Office of Frederic R. […]

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$8.5 Million Verdict against Johnson & Johnson for DePuy Hip Replacement

March 11, 2013

The New York Times reports Johnson & Johnson, the maker of the company’s DePuy orthopedics unit, which made and marketed an all-metal hip replacement loses its first case due to a faulty hip replacement.  The verdict before a jury was $8.3 million dollars. Be aware that Johnson & Johnson is planning to appeal the decision. This case […]

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