Business Law Firm Serving New York City, Westchester, and Long Island
Running a business is hard enough without worrying about laws and regulations. Between managing employees, purchasing materials and equipment, and selling products or services, you might feel you don’t have time to think about rules or regulations behind purchase and sale agreements. However, making sure you’re meeting all the necessary legal requirements can mean the difference between turning a profit and going out of business.
Whether you’re just starting a business or looking to grow and expand, you’ll encounter many legal and procedural hurdles. When you do, you’ll need legal assistance to make the best decisions for your business. The Law Office of Andrew Ross Sack, serving New York City, Westchester, and Long Island, offers counsel to business owners during each stage of a company’s development, from start-ups to larger organizations.
Business Formation and Reorganization
Business organization may not be the first thing you consider when starting or running a business, but how a business is organized can have major legal and financial implications. Your business organization affects everything from taxation issues to whether certain regulations apply, and even whether you can be held personally liable for a business debt. The Law Office of Andrew Ross Sack will provide insight into the best form for your organization guide you through the process of organizing or reorganizing your business.
As an employer, it’s important to establish standards and practices for your employees to maximize the chances your business runs smoothly and to protect it from potential legal liability. Andrew Ross Sack will help you create an employee manual for your company, ensuring that employees understand what is expected of them.
The rules for Limited Liability Companies (LLCs) can be vague, but even if you’re just starting out, operating agreements can specify the rules you want your company to operate by. Operating agreements are essential, especially if your LLC is owned or operated by multiple people. Andrew Ross Sack will help create an operating agreement that suits your company’s needs to protect it from potential problems.
Employers often require severance agreements which contain comprehensive releases before paying employees final monies due. Andrew Ross Sack has extensive experience in negotiating and drafting severance agreements for both workers and companies. These documents are critical when a termination occurs, and Andrew Ross Sack will provide competent legal advice in this area.
A licensing agreement allows a party to utilize another’s intellectual property for certain purposes, whether that means printing someone else’s copyrighted material, applying someone else’s brand or trademark to their own products, or permitting the manufacture of someone else’s patented technology. If you produce or trade in any kind of intellectual property, you’ll need licensing agreements to protect your rights, and receive maximum compensation. Andrew Ross Sack will help you prepare comprehensive licensing agreements, tailored to your unique needs.
It is natural for a business to want to protect its trade secrets and internal communications from others. An important tool for doing this is the non-disclosure agreement (NDA), which is an agreement not to disclose proprietary or trade secret information. Andrew Ross Sack will work with you to create an NDA that serves your company’s needs and ensure your trade secrets are protected.
Contracts of Sale
Contracts of sale are an essential part of a business’ activities. It’s important to know your legal rights and responsibilities whether you are the buyer or seller. Andrew Ross Sack will help you understand and prepare comprehensive contracts of sale for your protection.
Many businesses today run on credit and utilize promissory notes which are agreements confirming the payment of a debt over time under certain conditions. Whether you’re looking to create promissory notes, enforce a promissory note against someone who refuses to pay what is owed, or you’re disputing a promissory note, you’ll need skilled legal counsel to guide you. Andrew Ross Sack can assist you and help settle any disputes that might arise from them.
If your business is incorporated and has partners, it is essential to execute a comprehensive shareholder agreement which defines the rights, duties, and obligations of the partners towards each other. Other important topics including valuation mechanisms, treatment of disputes via mediation, arbitration, or litigation, and post-termination issues, including covenants not to compete and employment terminations, must be considered. A well-drafted agreement will help your company run as smoothly as possible. The Law Office of Andrew Ross Sack will work with you to create a shareholder agreement that will adequately protect your company and minimize disputes.
While state and federal laws and regulations are important, every county, city and town can have its own rules for businesses. Andrew Ross Sack is familiar with the rules that govern localities in New York and New Jersey and can help you adapt your business to suit the peculiarities of wherever you do business.