Tag business

When forming a multi-member Limited Liability Company (LLC) (i.e., an LLC with more than one owner), one of the most critical steps is drafting a comprehensive LLC operating agreement. This legal document sets the foundation for the business’s operations and management, and understanding its common provisions is crucial for any entrepreneur. In this blog post, we delve into some of these key provisions of an LLC operating agreement to help you navigate this important aspect of your business.

Read More

If you are a start-up founder or business owner, you may wonder whether the special practices or proprietary information that make your business unique qualify as trade secrets under state or federal law. In this blog, we’ll provide five questions to ask, to determine if you have a protectable trade secret.

Read More

From McDonald’s to Wendy’s, Hair Cuttery Hair Salons to Planet Fitness gyms, most people have visited at least one franchise. While you may recognize a franchise as a consumer, owning one has a very different perspective. If you’re considering opening a franchise, you’ll want to make sure you know the basics before you invest your time and money. 

Read More

If you intend to sell or distribute hemp, hemp extracts, or cannabidiol (CBD) products, you must comply with New York’s laws about retail and distribution. Failure to get the proper licenses, sell illegal items, and improperly label products can lead to fines and other penalties. Below, learn more about New York’s Cannabinoid Hemp Program. This blog post is not all-encompassing, but rather an overview of the program.

Read More

Recent years have seen the e-commerce industry grow exponentially, providing unlimited opportunities for small to medium-sized businesses (SMBs) to increase sales by allowing them to reach customers through their website directly. With more consumers shopping online than ever before, the ease at which one can set up an e-commerce site means that SMBs can reach a wider customer base than ever before. Therefore, it’s critical to protect your online business if you manage sales or services in-platform.

Read More

For most startups and/or small businesses, large sums of cash are not always readily available. Stock options or equity awards are a creative way for companies to incentivize employees or service providers with non-cash compensation. Often, these awards are known as stock option plans, equity incentive plans, or phantom equity. They are provided through a written agreement indicating how many shares the recipient is to receive, and when. Most plans require the recipient to be employed with or providing services to the business for a certain length.

Read More