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BUSINESS PRACTICE

Our business clients include manufacturers, service companies, health care providers and systems, software developers, contractors, grocery store chains and retailers. They are both publicly traded and closely held, and include corporations, partnerships, limited liability companies and sole proprietors. We serve as general counsel to businesses situated within New York and as New York counsel to businesses based elsewhere.

Areas of special experience include the following:

Organization. We help our clients decide which business model best fits their needs. We are experienced in structuring, restructuring and dissolving corporations, partnerships and limited liability companies.

Acquisitions and Sales. We have significant experience in the sale and acquisition of businesses. These transactions have included sales of assets, stock, mergers and consolidations. We have guided many clients through due diligence review, focusing attention on important areas of exposure, while controlling the cost and length of the process in a manner that reflects the nature of the transaction. Some of these transactions have occurred as the result of the purchase of assets through proceedings in bankruptcy court.

Shareholder Rights. We have represented both majority and minority owners competing for control of closely held businesses. We are fully conversant with the rights of “oppressed” minority shareholders, including their rights of appraisal. We have counseled our shareholder clients concerning such strategies as so-called minority shareholder “squeeze-outs.” Our experience negotiating, and when necessary, litigating disputes among business owners has enabled us to anticipate and address potential points of conflict through well-drafted shareholder voting and buy-sell agreements.

Director and Officer Responsibility. We are often asked to conduct educational seminars for corporate directors concerning their fiduciary duties. We are experienced in handling issues involving conflict of interest, the application of the corporate opportunity doctrine, and the standard of care required of corporate fiduciaries.

Taxation. We provide tax advice concerning sophisticated issues in the area of income, franchise, real estate transfer, real property, and sales and use taxes. We have successfully represented clients before the Internal Revenue Service and the New York State Department of Taxation and Finance.

Financing. We provide advice regarding alternative means of financing acquisitions and operations, including conventional bank loans, taxable and tax-exempt bond financing, venture capital investments, seller-financing, public offerings and capital leasing. We are attentive to both the financial and operational concerns of our clients and endeavor to ensure that the financing documents do not unnecessarily restrict our clients’ freedom to operate.

Real Estate and Construction
. We provide counsel on the purchase, sale and lease of real property. We are experienced in all phases of real estate development, including environmental and land use approval processes, and the preparation of the legal documents and contracts associated with complicated projects. Over the years, we have represented numerous owners, contractors, subcontractors and design professionals in connection with construction-related disputes, including claims arising from catastrophic failures.

Employment Relationships.
We advise businesses in their legal relationships with top management and key employees, as well as rank-and-file employees. We provide counsel in all areas of employment law, including wage and hour, employee benefits, Family and Medical Leave Act, disability and employment discrimination. We are often called upon to defend charges of wrongful discharge, employment discrimination and sexual harassment. When high-level employees leave a business, there are often disputes involving restrictive employment covenants and the protection of trade secrets and proprietary information. We are highly experienced in handling these matters. Our litigation background has also given us special insight into drafting legal documents, such as employment contracts, in a manner providing the greatest protection and flexibility for the employer.

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