Corporate
Showing 25 - 30 of 2710 results.
When Can a Shareholder Sue Directly for Breach of Fiduciary Duty?
Breach of fiduciary duty in Manhattan may support a direct shareholder claim when misconduct violates an individual right and causes a legally distinct injury. Misuse of corporate funds generally injures the company, even when shareholders lose investment value. A shareholder seeking personal recovery must identify an independent duty and injury. New York courts distinguish direct claims from derivative actions by examining who suffered the harm and who would benefit from the remedy.
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How Should You Respond to a Manhattan Tax Notice or Assessment?
Manhattan tax notices require checking the issuing agency and tax type because each may involve a different review or appeal process. Review the tax period, assessed amount, notice date, and response deadline before replying. Gather returns, payment records, or business documents relevant to the disputed item. Some New York City taxes are administered by New York State, so verify the correct filing channel before challenging the assessment.
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Unfair Competition in Business: What Conduct Is Illegal?
Unfair competition in business can lead to legal claims under New York law. Learn about liability, available remedies, and litigation options.Lower prices, employee recruitment, and customer solicitation are ordinary parts of business competition. Legal problems arise when companies exploit confidential records, mislead customers about product origins, or wrongfully appropriate another business's goodwill. Business owners should examine how the competitive advantage was obtained before deciding whether they have grounds for a claim.
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Breach of Fiduciary Duty Claims in Nassau County
Breach of fiduciary duty claims in Nassau County require proof of a fiduciary relationship, a breach, and a legally supported basis for relief.An unexplained transfer to an affiliated business may be legitimate even when a director approved it. Financial records can show whether the payment served the corporation or involved an undisclosed personal interest. The right to sue depends on whether the corporation or an individual suffered the alleged injury.
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Buying an Existing Business and Conditions for Closing
Bronx business buyers should check lease consent, license requirements, and potential tax liabilities before closing an acquisition. Buying a business does not guarantee that its lease or licenses will carry over. The deal structure determines what changes hands and which obligations may follow. Required approvals and unresolved liabilities should shape the closing conditions before the buyer releases funds.
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Startup Legal Requirements before Signing a First Commercial Contract
Startup legal requirements include signing authority, business licenses, payment terms, intellectual property ownership, and liability before commercial deals. A startup's first customer or vendor contract can create obligations before it generates revenue. Founders should confirm who can bind the company, whether activities require approval, and how the agreement allocates risks. These decisions affect performance and liability.
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