On April 6, 2024, the New York State Bar Association (NYSBA) Task Force on Artificial Intelligence released its Report and Recommendations to the NYSBA House of Delegates, in which the Task Force examined the “legal, social, and ethical impact of artificial intelligence (AI) and generative AI on the legal profession.”  Through its examination of AI’s...Read More

It is understood that a business entity, such as a corporation or a limited liability company, is directed and controlled by the officers and members thereof.  These are real people making real decisions guiding the entity’s actions. Yet, the individuals themselves enjoy the corporate protections afforded to them by virtue of acting through the corporate...Read More

When venturing into the realm of homeownership, the excitement of finding your dream home can sometimes overshadow the practicalities of the buying process. Among these, conducting a thorough property inspection stands out as a crucial step that should never be overlooked unless there is a specific reason that warrants waiving it. This blog post delves...Read More

It is a common misconception that a member of a limited liability company (LLC) in New York can be expelled – non-judicially or judicially – by the other member(s) of the LLC for cause, for any reason, on any basis, at any time. Eh, not so fast. Let’s visualize a flow chart here for a...Read More

In the hustle and bustle of day-to-day operations, it’s easy for business owners (Amy and I included) to get caught up in the present moment. Yet, amid the daily grind, there’s one crucial aspect that often gets overlooked: succession planning. Whether you’re a family-owned enterprise, a small startup, or a large corporation, having a solid...Read More

In a recent turn of events, Governor Kathy Hochul has vetoed Senate Bill S3100A, which passed both houses of the legislature in June 2023, and this proposed bill sought to ban all non-compete agreements in the State of New York. The decision has sparked debates and raised questions about the balance between protecting businesses and...Read More

An Asset Purchase Agreement (“APA”) is a legal document used when one company (the buyer) acquires the assets of another company (the seller). It outlines the terms and conditions of the sale, including the assets being transferred, the purchase price, representations and warranties, and various other provisions. Like any legal contract, there are potential pitfalls...Read More