Corporate Practice Thu, 28 Sep 2017 15:09:12 +0000 en-US hourly 1 Employment Contracts–Bane or Boon to the NY Employment Relationship? /employment-contracts-bane-or-boon-to-the-ny-employment-relationship/?utm_source=rss&utm_medium=rss&utm_campaign=employment-contracts-bane-or-boon-to-the-ny-employment-relationship Thu, 28 Sep 2017 15:09:12 +0000 /?p=689 {2 minutes to read} One of the more hotly debated issues in New York corporate law circles is whether an employment agreement better serves the interests of an employee or an employer in the creation of the initial employment relationship. Often, particularly in New York State, which is an “employment at will” jurisdiction, employers hesitate to surrender the flexibility of downsizing payroll by entering into an employment agreement for a specified term.  On the other hand, employees tend to believe that one of their strongest tools in the employment relationship is having an agreement with negotiated, and thus fixed, terms and conditions.

The reality is that employment agreements are to the benefit of both the employer and employee if they are structured well and negotiated at arm’s length.  That is, if both sides are prepared to negotiate the various terms and conditions (as opposed to “here, sign this or go elsewhere for work”) an employment agreement can present a “win- win” situation.  In the case of the employee, knowing the basic terms, conditions and expectations is very valuable when entering into a new position. Similarly, an employer benefits when its expectations are clearly expressed, negotiated and preserved in a written and enforceable document. 

In other words, if both parties enter into the relationship with “eyes wide open,” it is more likely that the relationship will get off to a good start with everyone rowing in the same direction, thus helping both the business and the employee succeed.  At Langsam Law, we have extensive experience negotiating and drafting employment and executive compensation agreements for all levels of employment. Our initial consultation is always without charge.

]]> Opening or Expanding a Business in New York /opening-or-expanding-a-business-in-new-york/?utm_source=rss&utm_medium=rss&utm_campaign=opening-or-expanding-a-business-in-new-york Fri, 15 Jul 2016 19:34:36 +0000 /?p=497 Very often we have the privilege of assisting a business that is either opening for the first time in the New York marketplace or is expanding into that market.  There are many issues which arise with respect to the operation of a new or expanding business.  Often, even an existing business located elsewhere (the world is now a global marketplace) is operated by entrepreneurs who know a great deal about their particular product, but are absolutely clueless concerning the nuances of operating in New York City. 

 

 

Businesses must take into account a variety of factors, including:

  • Required licenses
  • Commercial lease terms
  • Payroll setup
  • Initial and ongoing tax filings

Langsam Law provides the answers to these questions and many more that are bound to come up when establishing a business or outpost in the New York market.  Remember, at Langsam Law, we aren’t nosy, but we mind your business!

 

Note: Prior results do not guarantee similar results.

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