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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.
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Don’t Overlook the Importance of Business License Management post image

Don’t Overlook the Importance of Business License Management

If you operate a business without the proper license, you risk fines, insurance issues, reputational harm, and even business closure. Even innocent mistakes, like forgetting to renew a license, can have significant consequences, such as losing your lawsuit for payment of services that are unlicensed, which makes it imperative to have business license management procedures […]

Author: Dan Brecher

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Admin Dissolution for Annual Report: What You Need to Know post image

Admin Dissolution for Annual Report: What You Need to Know

While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]

Author: Dan Brecher

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Dissolving Your Business: Essential Legal Steps to Protect Your Interests post image

Dissolving Your Business: Essential Legal Steps to Protect Your Interests

If you’re considering closing your business, it’s crucial to understand that simply shutting your doors does not end your legal obligations. Unless you formally dissolve your business, it continues to exist in the eyes of the law—leaving you exposed to ongoing liabilities such as taxes, compliance violations, and potential lawsuits. Dissolving a business can seem […]

Author: Christopher D. Warren

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Common Examples of Breach of Fiduciary Duty That Result in Litigation post image

Common Examples of Breach of Fiduciary Duty That Result in Litigation

Many types of fiduciary relationships can arise in the business world. Examples include the relationship between a trustee and beneficiary, investment advisor and client, principal and agent, corporate director and shareholder, and attorney and client. Understanding fiduciary duties—what they are, how to uphold them, and what happens if they are breached — is imperative to fostering […]

Author: Angela A. Turiano

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Derivative Action Explained post image

Derivative Action Explained

Investors increasingly rely on derivative actions to hold corporate executives accountable for misconduct. Because these complex lawsuits can put a tremendous strain on a corporation and its management team, it is imperative to have an experienced legal team on your side. What Is a Derivative Action? In a shareholder derivative suit, shareholders file suit against […]

Author: Christopher D. Warren

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What New York LLC Owners Can Learn from Long-Standing Feud post image

What New York LLC Owners Can Learn from Long-Standing Feud

A nearly four-decade feud between the former co-owners of two New York limited liability companies (LLCs) serves as a cautionary tale for all owners of closely held businesses. The latest decision in Rosenblum v. Rosenblum, Index No. 654177/2015 (Sup.Ct., NY. County, 2024)citing Rosenblum v. Rosenblum, 214 AD3d 440 (N.Y.A.D., 1st Dep’t 2023), involved a fair […]

Author: Christopher D. Warren

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Breaking Ties: The Essentials of the Dissolution of a Business Partnership post image

Breaking Ties: The Essentials of the Dissolution of a Business Partnership

The dissolution of a business partnership is not as simple as shutting the doors. Just like when launching a new business, there is a legal process that must be followed to ensure that you and your business don’t face unintended liability. In addition to reaching an agreement between partners to wind down the partnership, other […]

Author: Christopher D. Warren

Link to post with title - "Breaking Ties: The Essentials of the Dissolution of a Business Partnership"

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