There are a number of opportunities for a small business to thrive in New York. While these opportunities are vast, the day-to-day business of running a small company can be deceptively complex. New York law governs how small business may be formed, how they may operate, and what a small business must do to continue to operate after it is formed. In addition, many small businesses are likely to develop a variety of legal needs as their businesses continue forward. An experienced small business attorney can be crucial to help your small business navigate compliance and litigation issues in New York.
Small Business Legal Needs
Small business legal needs generally fall into two categories: transactional and litigation.
Small Business Transactional Law generally involves researching, preparing, filing, and negotiating business documents. This includes business formation, contract negotiation, regulatory compliance, tax issues, corporate filings, real estate closings, mergers and acquisitions, and employment agreements.
Small Business Litigation generally involves disputes between two or more parties. For a small business owner, litigation may involve disputes with another company, employee, customer, or state or federal agency. Representation in these disputes is important, and you will want an attorney at your side who has experience dealing with smaller businesses and their legal needs.
Common Small Business Issues in New York
There are a number of potential claims that may arise for small businesses in New York. Some of the more common claims and legal issues for small businesses that are seen can include:
- Business Torts: The nature of conducting business is competition. Sometimes, certain businesses will compete in unfair and damaging ways. These can sometimes qualify as tortious or wrongful conduct between businesses. If so, a small business may have a claim, and an attorney can help.
- Breach of Contract: Contracts are the very nature of doing business transactions. When a party is in breach, a small business may need an attorney to help enforce the contract or to defend themselves if they are wrongfully accused of a breach. These types of claims can become very complex very quickly, and may sometimes turn on very small details. An attorney can help either enforce or defend a breach of contract claim for your small business.
- Formation: One of the key steps in the lifetime of any small business that often gets overlooked is formation. There are a number of ways to structure and organize a business, and how a business is formed can affect its growth and ability to function as the business moves on in its life. An attorney can help your small business structure itself and plan for a long future.
- Responding to Lawsuits: A small business owner busy running the company may suddenly be served with a civil lawsuit. It is important to respond in a timely manner to avoid default. An experienced small business attorney may also be able to negotiate a settlement to help you avoid a costly and time-consuming lawsuit.
New York Small Business Attorney
If you are the owner of a small business in New York, take the next step and contact the Law Office of Frederic R. Abramson today to discuss your legal needs.