Entries by Imke Ratschko

Five Steps to Buying a Small Business in New York – Part 4: Documenting the Deal

See Part 1 here; Part 2 here; Part 3 here; Part 4 here; Part 5 here; The purchase of a small business requires many legal agreements and documents to effect the transaction.  Obviously, you need an experienced attorney to draft and/or review all of these documents and explain their significance to you. While you were the one to negotiate and […]

Keep Your Legal Fees in Check!

Most attorneys and law firms still charge  by the hour.  Even though flat fees seem to be more common nowadays for certain routine agreements and matters, the meter usually starts running as soon as you start talking to your attorney.  Here are a few tips on how to keep legal fees under control.

Liability of New York Shareholders for Wages due to Employees

If you thought you were immune to liability as a shareholder of a New York corporation, know this:  In New York, the ten largest shareholders, as determined by their shareholding, of every  closely held corporation are personally liable for all  salaries due to any of its employees for services performed by them for the corporation.  […]