Category Archives: Business Law

Rochester Business Lawyer Discusses Shareholder Agreements

Rochester Business Lawyer Discusses Shareholder Agreements

As a Rochester Business lawyer, clients often ask me about whether or not they should have a shareholder agreement. We have seen many shareholder disputes, even amongst family members. It is very important to have a shareholder agreement to spell out what will ultimately happen to the corporation if there is a voluntary sell, death, […]

Rochester Business Lawyer Discusses Forming an LLC

Rochester Business Lawyer Discusses Forming an LLC

As a Rochester Business Lawyer, clients often ask how to form a limited liability company or LLC in New York. The LLC is formed by filing articles of organization with the New York Department of State and thereafter publishing a legal notice for six weeks in a daily newspaper and a weekly newspaper. We will […]

Business Asset Purchase Agreements

Rochester Business Lawyer Discusses Business Asset Purchase Agreements

As a Rochester Business lawyer, clients often ask me about business asset purchase agreements when they are buying or selling a business or other tangible assets. This agreement should be drafted by an experienced attorney and should include all the necessary elements of what is included with the sale such as inventory, equipment, intellectual property, […]

What Are The Rules About Non-Compete Agreements In New York? Should I Ask An Employee To Sign One?

If you have an employee in a competitive position, you may have considered asking the employee to sign a non-compete. A non-compete agreement is a contract in which the employee agrees not to work in a particular industry, or start a business in a particular industry, for an established period of time. They are usually […]

What Is A Buy-Sell Agreement?

A buy-sell agreement is a binding contract between co-owners that controls when owners can sell their interest, who can buy an owner’s interest, and what price will be paid for that interest. There are many situations these agreements can be used in, including when an owner retires, becomes disabled, dies, retires or divorced. In some […]

Protecting Goodwill Is Basis to Enforce NY Non-Compete

Smith was retained by health insurance broker GHS to service its clients and to locate new business for it. Smith signed a non-compete agreement that he would not solicitinsurance business from any of GHS’s insurance accounts for three years following the termination of his employment. After terminating Smith for cause, GHS sued him for actively […]

The Advantages of New York LLCs

The New York Limited Liability Company (LLC) is a hybrid business entity which combines the best features of partnerships with corporations. LLCs are commonly used for real estate ventures and family partnerships because of their tax advantages. The LLC is formed by the filing of Articles of Organization with the New York Secretary of State […]