If you hold a minority stake in a closely held New York business, you do not have to accept whatever the majority decides. New York law recognizes that as a minority shareholder or member, you may have legal standing to challenge certain majority decisions, though the...
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Year: 2026
Due diligence pitfalls in New York commercial property deals
A commercial property purchase may be the largest single investment you ever make. You could commit millions of dollars to one building based largely on what the seller tells you. One overlooked lien, code violation or inflated rent roll could erase years of expected...
Key contract issues can occur in high-value commercial situations
Commercial relationships are often intricate and depend on several factors to be successful, many of which are more than just price and performance. Contracts must explain exactly how the relationship will work, including what each party will do and what will happen...
Considerations before entering into a new market
Entering a new market can give a company space to grow, but it also comes with significant exposure to risks. A business can face legal, financial and operational risks in a new market even if it may see that the expansion would address a demand for its product or...
The importance of a human capital audit during an acquisition
During mergers and acquisitions, company focus is almost always on financial due diligence. However, a merger or acquisition doesn't just transfer ownership of equipment and facilities. Arguably the most valuable acquisition during these large business transactions is...
3 board-level blind spots that trigger fiduciary duty claims
As a board member, you sit in a role where your decisions carry legal weight. In New York, fiduciary duties turn on process and judgment, not intent. Under the business judgment rule, courts look at whether you acted with care, loyalty and good faith under New York...
Using 1031 exchanges to your advantage
For real estate developers, few financial and practical tools offer as much strategic flexibility as a properly executed 1031 exchange. Section 1031 of the Internal Revenue Code allows investors to defer capital gains taxes when they sell qualifying investment or...