In BRL Hampton Rd. LLC v Ashley Heather, et. al., 2022 NY Slip Op 30039(U), the Court granted summary judgment against the party that defaulted on a construction loan even though the lender failed to conduct due diligence, was aware of the risks with a startup, and was the one who offered...
Category: Business Transactions
How Startups and Emerging Companies can Effectively Utilize Options to Attract and Retain Talent
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De Facto Merger: The Threat of Unexpected Successor Liability
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Broker Must be the “Procuring Cause” of the Sale to be entitled to Sale Commission.
In Capin & Assoc., Inc. v. Herskovitz, 2021 NY Slip Op. 03249, the Court held that a broker was not entitled to a sales commission because Defendant used another brokerage firm to make an offer, enter into negotiations, conduct due diligence, and close the transaction. Accordingly, the Plaintiff...
Advantages and Disadvantages of Debt Financing
Debt financing is the process of borrowing money from an outside source to continue operating a business. After taking out a business loan, a business owner must pay back the principal amount plus interest. In this article, we examine the advantages and disadvantages of debt financing.Advantages of Debt...