Discovering that your business partner has been stealing or misusing company funds is devastating. Such actions can threaten the company's financial stability, harm its reputation, and damage professional relationships. By knowing the right steps to take and acting...
When a business partnership is formed, partners typically share financial expectations for the company. However, disputes over profit sharing and contributions can arise due to unclear agreements, unbalanced workloads, and differing financial priorities. Partners may...
The frequency of cybersecurity breaches is on the rise, posing a serious threat to Long Island businesses of all sizes. According to statistics, 41% of small businesses were victims of a cyber attack in 2023. Breaches may not only lead to operational disruption, IT...
When you negotiate a deal or enter into a business transaction, you trust the other party is providing you with truthful and accurate information. When a party is not candid about what they can perform or deliver, disputes can arise based on misrepresentation. It’s...
In accordance with CPLR 4101, the right to a trial by jury is limited to certain claims, with the most common being “legal” claims seeking money damages. On the other hand, for “equitable” claims (where non-monetary relief is fashioned based on principals of fairness...
Being accused of breaching a contract can have serious consequences for your business and its bottom line. While these types of disputes can be complex and stressful, it's important to be aware that allegations of a breach can be contested. Significantly, a wide range...
I’ve Been Sued in Federal Court: What Do I Do? First: take a breath. Although we recognize that being sued in federal court is not ideal, you are in the right spot to properly address the complaint. The attorneys at Barnes & Barnes, P.C. have plenty of...
Corporations and LLCs generally protect owners from incurring personal liability for the company’s lawsuits or debts — this protection is referred to as the “corporate veil.” However, in certain situations, a court may disregard this separation and “pierce the...
Although minority shareholders own less than a controlling interest in a corporation, New York has established various safeguards to protect them from abuse by the majority. For instance, minority shareholders have the right to review financial documents, receive fair...
