Archive for the ‘Uncategorized’ Category

A new program launched by Empire State Development is intended to assist start up technology businesses gain capital investments while encouraging investment activity and economic development statewide. The program, New York Ventures, combines funds from the Innovation Venture Capital Fund, the Innovate NY Fund, and the Minority- and Women-Owned Business Investment Fund for a total […]

If you are operating your business out of your home, even in a rental, you may qualify for a tax deduction. To qualify as a home office, the space must be used regularly and exclusively for conducting business, and you must be able to show that your home is the principal place of business. However, […]

The Obama Administration recently proposed a new rule that would allow salaried workers making less than $50,440 per year eligible for overtime pay.  Under the current law, salaried workers may receive overtime pay only if they are making less than $23,660 per year.  If it goes into effect, it will affect over 5 million workers […]

If you are just starting your own business, the sole proprietorship is the easiest structure to create. It only requires registering a business name (if you are using one other than your own), and obtaining any permits your type of business would need to operate. Many business owners choose this formation because of its simplicity […]

A successful business has good relationships with the people or companies that supply products and services. However, there are times when these vendors may not be able to fulfill their end of the bargain. When a party fails to perform their obligations, a breach of contract has occurred. Before resorting to litigation, you may try […]

Traditionally, only borrowers could be held liable to lenders. However, that all changed about thirty years ago when courts began to recognize the liability lenders can have to borrowers. If a lender is treating a borrower wrongly and unfairly, they may be held liable to the borrower. A borrower may sue a lender for liability […]

When you first decide to open your business, you will need to find a space in a good location that you can afford and that is the right size for your needs. When first considering a commercial lease, it is necessary to assess how much you can afford, how big a space you will need, […]

After devoting endless resources and time into forming and operating a partnership, dissolving it can be emotional and stressful. Sometimes partners disagree, or other times they may find it is time to retire, or leave for personal reasons. If you and your partner have come to an agreement that it is necessary to dissolve your […]

by Leonard A. Bellavia, Esq. Recently several doctors in Massachusetts entered into a consent agreement to pay fines totaling $140,000 to the Massachusetts Attorney General’s office over incidents involving improper disposal of patient records covered under the Health Insurance Portability and Accountability Act (or “HIPAA”).  HIPAA requires health care professionals to dispose of documents in a […]

by Leonard A. Bellavia, Esq. Endorsements by satisfied consumers or local celebrities can have a powerful impact on a business’s sales and market share.  In the past, some businesses would post glowing comment cards, written by happy consumers, in conspicuous places.  Others created “brag books” that sales associates could utilize as a tool to show […]

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