There are many different ways in which a business can be formed. When forming your own business, though, there are four main types to consider, each with their own pros and cons. For this post, we will answer “What is a Corporation?” A corporation is the most easily recognizable Advantages of a Corporation: Limited Liability […]
March 19, 2018 – Buffalo, NY – The Clarence High School Mock Trial Team won the Erie County Championship Monday, March 19. Clarence competed against the Buffalo Academy of the Sacred Heart in the final round of the Erie County Mock Trial Competition and walked away with their 6th County Championship in 7 years. Erie […]
If you have read our previous post regarding whether verbal agreements are enforceable , you know to be wary of any oral or “side” agreements that are not embodied in a final written document. Merger Clauses, very common in contracts, take it a step further. An example of a typical Merger Clause is: The terms […]
Today’s strong economy and recent tax overhaul may have you considering selling your business while prices are high. With a less restrictive tax code in place, the asking price for businesses could increase even more. Selling a business can be fraught with challenges, so it is important to have a plan to ensure that your […]
You might have heard that the Eastern Hills Mall in Clarence is considering the possibility of undergoing a significant renovation. As development in Western New York continues to surge, the Mall, a 20th Century concept, is positioned to either adapt with the times, or be a relic of the past. This blog post will explore […]
With the arrival of the new year come new year’s resolutions. Is this the year to satisfy that entrepreneurial desire to run your own business? But what if you don’t feel like starting from scratch? Purchasing an existing business can present less risk and provide more immediate returns than purchasing a start-up. And, now that […]
Every day new startup companies come up with great ideas they hope will be the next “big thing.” With the advent of internet based crowdfunding, startup companies and inventors can easily use internet crowdfunding platforms such as gofundme.com, kickstarter.com and many others to market and finance new inventions. As of January, over 14 million people […]
That is the question that the Supreme Court last week agreed to consider in a case (South Dakota v. Wayfair, Inc., et al) that will have national implications for online retailers as well as brick and mortar businesses. The Supreme Court had previously held that states could only tax a merchant’s sales if that business […]
#1. Be Patient. Buying a home can be one of the most exciting and stressful times of your life. It is easy to become overwhelmed. Through it all, the most important thing to remember is to be patient. The average closing takes between 30-60 days from the signing of the contract to the closing table. […]
New York State Business Law Section 130 prohibits anyone from doing business under a name other than his or her own unless an Assumed Name Certificate (more commonly referred to as a DBA) is filed. For example, if John Smith would like to sell seeds under the name “Johnny’s Apple Seeds”, he would have to file […]