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 state's approach to transaction cost management. For businesses operating within New York, understanding the nuances of this law is crucial for compliance and maintaining good customer relations. Here's an essential guide for navigating this new legal landscape.
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.
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 understand the complexities and the emotional toll of such separations. That's why we emphasize the critical importance of having a buy/sell agreement—a legal arrangement that outlines the process for a business partner to exit the company.
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? Allow us to change your mind.
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.
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.
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 opportunity for older individuals, especially if they have significant IRA balances that could end up being inherited.