Needing a Shareholder’s Agreement if Starting a Business

A shareholder’s agreement is the agreement between the shareholders of a corporation. Ideally, a shareholder’s agreement is going to address what will happen in the event of the death, disability or divorce of any of the shareholders. It will also often have buy-sell provisions. Also, a shareholder’s agreement, very importantly, will have provisions pertaining to…

Phase 1 vs Phase 2 for a Commercial Property

Before purchasing a commercial property, it’s very important to conduct your environmental due diligence. For most commercial properties, a Phase 1 is a sufficient investigation to determine if there’s any sort of environmental problems. Often, if a Phase 1 comes back with a problem, there will be what’s called a Phase 2. A Phase 2…

Can a Non-Compete Affect My Ability to Start a Business?

Starting a new job is a really exciting time, and often my clients will sign all sorts of standard paperwork. Often, companies will ask employees to sign a non-compete. This agreement limits the employee’s ability to work or to engage in certain activities after the term of employment has ended. I think it’s very important…

New York State Liquor Authority Announces Self-Certification Program

As many restaurateurs and bar owners know from painful experience, over the past year it has taken 6 to 8 months, sometimes even longer for the New York State Liquor Authority to issue liquor licenses.  Finally, the Liquor Authority has developed a solution to the problem. On September 11, 2009 the Liquor Authority started a new Self Certification Program. …