Business Law

Monday, June 24, 2013

Business & Corporate Law

Looking for a Business or Corporate law firm? Whether you are the owner of a mid-size company of 100 employees or just one person or doctor looking to set up your own business, you must navigate New York's laws and regulations relating corporations, limited liability companies, or partnerships.

At the Raymond Iryami Law Firm, we can assist with multiple aspects of your corporate and business law needs ranging from starting the business by drafting its organizational documents--operating agreements, shareholder agreements, and the like--to the sale/purchase of the business, by negotiating and drafting the necessary documents in connection with an asset sale/purchase agreement. At each step of the process, you face important legal decisions that can significantly affect your rights and interests.

We stand ready to advise and help protect your interests with our knowledgeable experts in business and corporate law.


Monday, June 24, 2013

Starting A New Business? The Truth About Legal Fees

"Nothing, " I responded to the man who had asked me how much I charge to file the papers for him to start a corporation for his new business. Knowing that he would be surprised, I quickly provided the explanation:

"To start a corporation for your new business, all I have to do is to pick up the phone and basically provide the name that you want for your new business to this private agency that I use. And shortly thereafter, your company is formed!" I then explained that the client would, of course, have to pay for the state's filing fees, and the modest fee the private agency charges me for filing the necessary papers. But I pocket nothing. "I charge by the hour. What am I going to do--charge you $8.33 for the two minutes of my time?" I concluded, I don't think so. I charge nothing!"

The same applies whether the business to be formed would be a corporation or a limited liability company. The process will cost the client a few hundred dollars in filing fees and such. I get nothing--except the thanks of a satisfied client. And, in the end, that is all that counts.


Monday, June 24, 2013

Oral Contracts Can Be Binding Too!

Yes, it is usually a good idea to actually put any agreements with others into writing. And, yes, certain agreements--like an agreement to buy a house--must be in writing to be enforceable. But you can sue--or be sued--for breach of contract even if the agreement was never in writing.

A written agreement is actually one of three kinds of agreements that can be biding under law. A second kind is an oral agreement. Oral agreements, as the term suggests, are agreements that are made through spoken words. Asking the neighbor's kid to shovel your driveway for $50 might be an example of a binding oral contract.

The third kind of binding agreement is known as an implied contract. Implied contracts are made through conduct not words. Remember the squeegee men on the streets of New York City? They would rush to your car and start washing your window shield during red lights and then demand that you pay them for their service. Even though you had never asked them to wash your window shield, believe it or not, a binding implied contract could be argued to have been made by virtue of the fact that you sat there in your car watching the man perform the service and not objecting to his doing the work. (Of course, many would object but to no avail).

In the business world, the stakes are often far higher than the example of the squeegee man or the neighbor's kid. But the same concepts apply. There might be a binding agreement even if the agreement was not in writing. So a breach of contract can exist even if the agreement in question was made through spoken words or conduct.


Monday, June 24, 2013

The 'Best Lawyer in New York'---for You.

So I was asked the other night by someone I met at a function if a particular lawyer was the "best lawyer in New York"? Best lawyer in New York? Hmmm.

The question was quite natural. We all want to use the "best lawyer" we can find. And for the money that lawyers often charge, we figure, he or she better be the best! Still, the notion of the 'best lawyer in New York' is a bit more complicated.

Ultimately, you want to choose the best lawyer in New York--for you and your particular matter.

To begin with, you need to make sure that the attorney of your choice handles the kind of matter you need. Your podiatrist brother-in-law may indeed be among the best in his profession, but he would be the first to refer you to a cardiologist if you are complaining of chest pains. To a certain extent, similar concepts apply in choosing a lawyer. I, for example, have never handled a divorce case in my years of legal practice and would be the first to refer such cases to those who do handle them.

That is not to say you need New York's most specialized lawyer in every matter. If you are looking to start your own small business, you don't necessarily need to hire a lawyer who has been hired by Microsoft. Sure, you do need a lawyer who is familiar with New York corporate law, but you are probably wasting your money if you are hiring for your start-up venture a law firm that primarily handles Fortune 500 companies.

In the end, the choice of the best lawyer for you may come down to comfort level and trust. You need to make sure that you can trust your own lawyer. How can you tell? Asking trusted friends is one way. Having a conversation with the lawyer can sometimes give you some clues. And, sometimes you have a third way.

That third way is to see if others have trusted him. Lawyers often list their affiliations with various professional or charitable organizations on their web sites. See if the lawyer has been entrusted with positions of trust and leadership in such organizations. No, it's not a guarantee. But using a lawyer who has been entrusted by a number of organizations and associations may be worthy of your trust as well.

Or maybe not. As I said before, the matter of the "best lawyer" is really a matter of the best lawyer--for you.


Friday, July 6, 2007

Hello Blogosphere!

Welcome to the Raymond Iryami Law Firm P.C. Blog! Here, we hope to share with you news, information, and perspective relevant to our practice areas and community. We hope you will find such information helpful. Naturally, we are also here to answer your questions. Please feel free to email me at raymond@raymondiryami.com.





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