From the category archives:

Buy Sell Agreements

One of the prob­lems that you may encounter when buy­ing a busi­ness in New York is under­stand­ing how to struc­ture the pur­chase.  Basi­cally, there are two ways that you can buy a com­pany: Asset Pur­chase; Stock Pur­chase. In most cases, you will be bet­ter off pur­chas­ing the assets. There are three big ben­e­fits to buying […]

4 things you should think about when deciding how partners should be compensated

Decid­ing part­ner com­pen­sa­tion when start­ing up a com­pany is crit­i­cal.  With­out a fair and just writ­ten com­pen­sa­tion  pro­vi­sion in a part­ner­ship agree­ment, the busi­ness can implode.  Here are 4 things you should think about when decid­ing how part­ners should be com­pen­sated: When will prof­its be divided? Will it be once a year, at the end […]

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What To Do If An Owner of A Business wants to Transfer its Interests

New Yorker’s are a mobile bunch. Espe­cially New York busi­ness own­ers. Busi­ness open and close every day.  It is risky to believe that your co-owners will still be with you five years down the line. It is likely that there will come a time when of your co-owners will want to sell his shares or […]

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