The FTC’s Non-Compete Ban: A Seismic Shift for Businesses – What You Need to Know and How We Can Help
The Federal Trade Commission (FTC) issued a transformative rule that effectively bans non-compete agreements across most sectors of the American workforce, a move anticipated since the FTC’s initial proposal in early 2023. The decision aims to enhance competition and economic freedom, allowing workers greater mobility and opportunity to innovate. This decision, effective on a yet-to-be-announced […]
Navigating New York’s Credit Card Surcharge Law: A Guide for Businesses
New York State recently enacted a groundbreaking law that directly impacts how businesses handle credit card transactions. This legislation, known as the Credit Card Surcharge Law, amends General Business Law Section 518 and took effect on February 11, 2024. The law allows businesses to charge customers for credit card fees, marking a significant shift in […]
The Legal Landscape of Franchising in New York State
Entering the world of franchising in New York State (NYS) offers exciting business opportunities but also demands a thorough understanding of the legal intricacies involved. This blog post delves deeper into the legal considerations, challenges, and strategies for franchisees in NYS. Understanding Franchise Law in NYS Franchise Disclosure Document (FDD) Requirements: Before signing any agreement, […]
Navigating the Complexities of Business Divorce: The Essential Role of Buy/Sell Agreements
In the intricate world of business partnerships, the term ‘business divorce’ is not just a metaphor—it’s a reality that many entrepreneurs face. This split, often compared to the dissolution of a marriage, occurs when partners in a business decide to part ways due to disagreements or deadlocks in decision-making. As a business law firm, we […]
Safeguarding Your Business: The Unsung Benefits and Steps of Trademark Registration
Welcome to our latest blog post where we venture into the vital terrain of trademarks in bolstering your business, even if it is a small or local entity. The importance of securing your brand, logo, or phrase through trademark registration cannot be emphasized enough. Not convinced that your local business needs a federally registered trademark? […]
M&A Transactions: Navigating Your Business’s Next Big Step
When considering selling or buying a business, the Mergers and Acquisitions (M&A) process can be both an exhilarating and daunting journey. The world of M&A is multifaceted, encompassing intricate legal, financial, and strategic aspects that can impact the very foundation of your business. As corporate law specialists in M&A transactions, our goal in this […]
LLCs and Corporations: Understanding the Benefits and Drawbacks
Choosing the right business structure is essential for entrepreneurs and business owners. Two of the most popular entity types are the Limited Liability Company (LLC) and the Corporation. Both offer unique benefits and disadvantages. This article explores the key differences, pros, and cons to help you make an informed decision for your business. Benefits of […]
Conversion of a Traditional IRA into a Roth IRA
Conventional wisdom suggests that conversion of a traditional IRA into a Roth IRA is better for younger individuals in lower tax brackets. The tax cost will be less, and the years of investment growth will be more, than would be the case for an older individual. However, the recent stock market downturn may present an […]
Starting & Managing Your Own Business Workshop
John J. Donner will give a presentation on the forms of business organization This will occur on Saturday, August 20, 2022, at a Starting and Managing Your Own Business workshop at the Calspan Building Complex, located at 4411 Genesee Street Cheektowaga, NY 14225 (opposite the Buffalo airport). This all-day, in-person workshop begins at 8:30 am […]
Small Business Legal Issues Webinar
John J. Donner will give a webinar on Small Business Legal Issues on Thursday, September 8, 2022. This webinar begins at 6 pm and is sponsored by SCORE. For registration and additional information on this event, visit the “Take a Workshop” tab of the SCORE Buffalo Niagara website (buffaloniagara.score.org) and click on the event.