New York corporate and commercial law is wide-ranging and complicated. Whether you are starting a new business venture, changing or expanding your business, dealing with the concerns of your employees and clients, or are an individual who finds yourself in a dispute with a business or corporation, learning the ins and outs can be a taxing and time-consuming task. If you find yourself dealing with corporate or commercial litigation matters, you want an experienced New York corporate and commercial attorney on your side.
Corporate and commercial law in New York encompasses any number of important matters, including:
An experienced New York corporate and commercial lawyer will tell you that the most common type of business disputes that arise are those relating to contracts. The terms of a contract can play a huge role in whether or not a business relationship – or even the business itself – will be successful, and can include franchise contracts, distribution contracts, equipment contracts (purchase and rental), construction contracts, and lease and property contracts.
Another type of dispute with potentially dangerous repercussions for a business is a shareholder dispute. If at all possible, these disputes should be handled as quickly and privately as possible to protect the best interests of the corporation. However, there are times when the right thing for a minority shareholder to do for his or her own livelihood is to seek out a corporate dissolution. New York law allows minority shareholders (owning and controlling no less than 20% of the stock) to petition the courts for a corporate dissolution when they discover that their company is involved in acts of corporate abuse and misappropriation of corporate assets. This critical right lets minority shareholders protect themselves from abuse by majority shareholders with controlling interests, since typically minority shareholders have little input into the day-to-day management of the business that they partially own.
Legally, this right comes into play when:
Get Help from a New York Corporate and Commercial Lawyer
If you are faced with a dispute that jeopardizes the continued profitability of your business and livelihood, you need a New York corporate and commercial lawyer to explain to you your rights under the New York Business Corporation Law. Many legal factors come into play, and you have a number of complex options available to you involving “the necessity of preserving your livelihood,” and the ability to call an emergency dissolution proceeding. This latter method could necessitate temporary restraining orders, appointing a “receiver,” an accounting of funds, and other complex legal procedures.
Depending upon how you resolve these kinds of disputes, they can truly have a marked effect on your business and bottom line. It’s not uncommon for businesses engaged in difficult disputes to suffer damage to their reputation, losing profits and clients in the process. An experienced New York corporate and commercial attorney understands how much a dispute like this can disrupt your business, and will work to protect your rights and assets, as well as the reputation of your business.
The world of New York corporate and commercial law is dense and rife with pitfalls and seemingly contradictory information. You want a New York corporate and commercial attorney who is going to work with you to make the best decisions that fit your personal and business needs by keeping you up-to-date and involved in the process. Don’t take a chance with your life and livelihood. If you find yourself in a complicated situation and don’t feel like you understand all of the ins and outs, seek out an experienced New York corporate and commercial attorney today.