by danr | Jun 1, 2015 | Coran Ober P.C. Blog, Corporate Business Law, Queens NYC Attorneys
When you buy a business, you have many factors that you have to consider. First, you have to determine is whether or not the seller has established the proper value for the business. That is determined by many factors. The first and most important one is, what are...
by danr | May 11, 2015 | Coran Ober P.C. Blog, Corporate Business Law, Flushing NYC Lawyers
When buying a piece of real property, the contract will often call for what’s called a mortgage contingency. This provision addresses the financing that they buyer receives from a bank or other source. If they cannot obtain a mortgage, than the contract can be...
by danr | May 4, 2015 | Coran Ober P.C. Blog, Corporate Business Law, Flushing NYC Lawyers
A limited partnership can be a very useful vehicle for some clients. A general partnership is just an agreement between two parties, whereas a limited partnership sets forth an arrangement between a limited partner and a general partner. A limited partner may often...
by danr | Apr 20, 2015 | Coran Ober P.C. Blog, Corporate Business Law, Flushing NYC Lawyers
Most contracts have a default provision. The default provision sets forth the conditions under which one of the parties will not have fulfilled its obligations under the contract. For example, failing to deliver goods or services on time, or failing to pay on time...
by danr | Mar 30, 2015 | Alexis Soterakis, Coran Ober P.C. Blog, Corporate Business Law, Flushing NYC Lawyers, Real Estate
As part of the process of purchasing a cooperative apartment, you often have to apply for approval from the board of that cooperative. Clients may ask me what my recourse is if I am not approved by the board. Unfortunately, boards have very broad discretion of who...
by danr | Mar 23, 2015 | Alexis Soterakis, Coran Ober P.C. Blog, Corporate Business Law, Queens NYC Attorneys
An operating agreement addresses a number of factors about how the limited liability company will be run. The most important factors of the agreement are, what I call, the D’s of the operating agreement. What happens upon the dissolution of the company? The death,...