Preemptive rights give the incorporators of New York corporations the opportunity to protect shareholders from dilution in the event additional shares are issued in the future. Unlike most states, preemptive rights are not default rights and should be explicitly included in the certificate of incor…Read More
After forming a limited liability corporation (LLC) in the state of New York, the entity must publish two separate public notices of their formation within 120 days. These publications need to take place in two different general circulation newspapers, one daily-circulation and one weekly-circulatio…Read More
No matter the size or industry, running a business is incredibly difficult, and depending on how your company is formed, there are legal ramifications you must consider. This is why lawyers recommend that companies draft operating agreements for protection. In New York, it is recommended that every …Read More
Most business owners-- no matter what type of business they manage, are prone to committing legal mistakes. However, this doesn't mean that it's something one can't try to avoid. They key is to be familiar with these pitfalls, especially when dealing with agreements. Here are some of the most common…Read More