Coran Ober P.C. Blog
Factors to Consider in an Operating Agreement
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,...
read moreThings to Consider When Drafting a Contract
When drafting a contract, they look complicated but are actually very simple. There are five or six essential points you have to determine. One, the parties to the contract; buyers and sellers. If you’re the buyer, you have to determine the vehicle that you’re going...
read moreReceiving a Cease and Desist Letter
The first piece of advice I give my clients when they receive a cease and desist letter is to take it seriously. Don’t just crumple it up and throw it in the trash. That can be a big mistake. A cease and desist letter is a request to stop doing something that...
read moreI Think Someone Stole My Idea, What Can I Do?
A difficult question to answer for clients is, “What do I do if someone stole my idea?” Unfortunately, ideas are not protectable. Many people are really puzzled to find this out. Quite simply, an idea has no protection. Fortunately, the tangible expression of that...
read moreFirst Steps an Entrepreneur Should Take When Starting a Business
So, you've decided to go into business for yourself. It’s a good thing and you’re tired of working for the man so you want to get into business for yourself. First of all, you have to determine what you enjoy doing, and whether the business you’re looking at will work...
read moreNeeding a Shareholder’s Agreement if Starting a Business
A shareholder’s agreement is the agreement between the shareholders of a corporation. Ideally, a shareholder’s agreement is going to address what will happen in the event of the death, disability or divorce of any of the shareholders. It will also often have buy-sell...
read morePhase 1 vs Phase 2 for a Commercial Property
Before purchasing a commercial property, it’s very important to conduct your environmental due diligence. For most commercial properties, a Phase 1 is a sufficient investigation to determine if there’s any sort of environmental problems. Often, if a Phase 1 comes back...
read moreGetting A Liquor License if There is a Bar Next Door
Many clients come to me seeking a liquor license for on-premises consumption for full liquor, so that would be the type of license that would accompany a bar or restaurant with a bar. There are many limitations on who can qualify for a liquor license, and also what...
read moreCan a Non-Compete Affect My Ability to Start a Business?
Starting a new job is a really exciting time, and often my clients will sign all sorts of standard paperwork. Often, companies will ask employees to sign a non-compete. This agreement limits the employee’s ability to work or to engage in certain activities after the...
read moreNew York State Liquor Authority Announces Self-Certification Program
As many restaurateurs and bar owners know from painful experience, over the past year it has taken 6 to 8 months, sometimes even longer for the New York State Liquor Authority to issue liquor licenses. Finally, the Liquor Authority has developed a solution to the...
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