Buffalo Law Blog

Considering legal purpose important when starting a business

When forming a business, it is important that entrepreneurs think about what they want their company to accomplish and the goals they have for the future. It is also important to think about the purpose of the business, which goes beyond simply indicating that the purpose is to provide a product or service. New York entrepreneurs may want to understand the importance of their company's purpose when starting a business.

In many cases, having a business purpose is required by law. These purpose statements can be included in formation documents and do not necessarily have to be overly detailed. In fact, many businesses generally indicate that the purpose is to pursue any and all legal business activity. However, it may be necessary to have a more specific purpose included in the applicable paperwork.

The most common type of workplace discrimination claim

Business owners have more than enough to worry about, with internal and external pressures such as finances, growth strategies and competition. Amidst all this is the need to consider the workplace and your employees. That includes establishing a culture that addresses discriminatory acts.

Some federal statistics can help guide your thinking in this regard. If you know what might be most likely to happen, you can take steps to quickly address it, or prevent it from happening in the first place. With that in mind, here are the most common types of allegations in workplace discrimination claims.

Buying real estate and having second thoughts

Buying a home is a major investment. Because so much time and money will be expended in such a purchase, New York residents should ensure they have made the right choice. Even after signing the papers, however, it is not uncommon for some people to have second thoughts.

But, it is unwise to continue searching for another property once the initial decision has been made. Shopping around after signing purchase papers leads to second guessing and the nagging thought that that a more perfect home is right around the corner. By stopping, parties can feel assured they have found the residence of their dreams.

Communication and clarity important to estate planning

Many New York residents may feel intimidated by the idea of putting their final wishes down on paper. In fact, numerous people put off estate planning because they do not feel ready to take that step. However, it is important that adults plan sooner rather than later, and focusing on certain elements may help the process go more smoothly.

First, individuals may want to consider their estate planning journey as a way to open communication with loved ones. Individuals can discuss their wishes with applicable parties, such as spouse and children, and with people they plan to put in important roles, such as those they intend to act as executors or power of attorney agents. When family members are aware of the decisions being made, future confusion may be prevented.

Entering into a commercial lease? Here are things to know

One of the most important contracts you will sign as a business owner is your lease. Unfortunately, many business owners treat a lease like an on-line terms of service agreement - scan and sign.

That's a mistake, experts say. A lease is a contract and you will be held to that contract no matter what happens to your business. Experts have a few tips to help you negotiate a commercial lease.

New York car accident leaves woman with critical injuries

It is an unfortunate reality that people cannot control the actions of other drivers on the roads. As a result, someone could consume alcohol or use drugs before getting behind the wheel, or someone could choose to use a cellphone or otherwise drive while distracted. These and numerous other hazards can easily cause a serious car accident and lead to injuries for innocent victims.

It was recently reported that a crash in New York resulted in critical injuries for one driver. The incident involved two vehicles and occurred when a 51-year-old man attempted to make a left turn in front of another vehicle. The 78-year-old woman driving the other vehicle was heading north and collided with the turning car. The incident took place around 5 p.m.

What are the potential legal issues of mergers and acquisitions?

Acquiring a business is an exciting endeavor. Acquisitions and mergers are a great way to expand your growing business. However, new opportunities always bring new challenges.

Legal considerations are one of the ways that Mergers and Acquisitions (M&As) can present challenges to a business. These are a few of the potential issues that you as a business leader will have to contend with during an M&A.

Avoid these mistakes when making a real estate transaction

Selling a home is a major step for any New York resident. Some parties may think that they can handle this real estate transaction on their own, but unfortunately, it is easy to make mistakes with this type of endeavor. In some cases, an error on the part of the seller could simply mean that the house stays on the market longer, but in other cases, more serious troubles could result.

One issue that sellers want to watch out for is overpricing the property. Certainly, individuals want to get the most out of their homes as possible, but if the price is unnecessarily high, some potential buyers may pass on making a purchase due to the unappealing price. It is common for sellers to think that putting a high price on a home could give them room to negotiate, but in reality, it may just drive away possible buyers.

Copyright can help protect intellectual property

Running a business in New York or otherwise producing unique works can be rewarding but also come with its challenges. When a work is created, the producers of that work certainly do not want others using it without their permission. As a result, they may find themselves needing to copyright their intellectual property in efforts to better protect it from unauthorized use.

When it comes to copyrights, this protection allows for the legal and exclusive ability to copy or give someone else permission to copy a specific work. The permission to use or copy a work can only come from the owner of the copyright. Once a work is created, the creator automatically has a copyright to the work.

Climate-related litigation gains steam

More than 1,100 lawsuits against climate change have been filed in the U.S., according to Columbia Law School. Such lawsuits could become even more prevalent, experts surmise.

A report issued by Clyde & Co law firm predicts an increase in product liability claims against companies that contribute to climate change or fail to minimize or report on risks.

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