Your Business May Already Be a Partnership
Unlike other types of business entities such as a corporation or a limited liability company, a partnership can be formed without any written agreement or filing with the government. New York law defines a partnership as an association of two or more people formed to carry out business for profit as co-owners. Courts have looked to the conduct, intentions, and relationship between parties in determining whether a partnership existed. As this determination depends highly on the individual facts and circumstances of a relationship, it is a frequent source of litigation.
The Default Rules May Not Be What You Expect or What is Best for Your Business
If your partnership lacks a formal agreement, the New York Partnership law provides for many of the key provisions that are typically in such an agreement. However, much of this law represents an attempt by the State legislature in 1919 to create a set of rules for every partnership whether it had 2 members or 100. Many of these hundred-year-old, one-size-fits-all provisions may not be desirable for your particular business.
Nanotechnology is a term used to describe technologies that manipulate matter at an incredibly small scale, even down to the level of individual molecules or atoms in some instances. Among other things, it has applications in medicine, engineering, and technology.more »
Graduation is a time to celebrate the hard work that graduates have put in to earning their degree. For many, it also starts the clock ticking on when they have to repay their student loans.more »
Over the past year, Bitcoin, a new alternative virtual currency was in the news almost every week. Since its creation in 2009, Bitcoin use has grown exponentially. It now has a presence in nearly every country in the world. Mainstream businesses including Overstock.com and Microsoft have also begun to accept Bitcoin for ordinary transactions.
1. What is Bitcoin?
Bitcoin is a virtual currency that exists on the Internet. Just like the Dollar or the Euro, one can use it to buy goods and services or exchange it for real-world currencies. Some also hold Bitcoins solely as an investment.more »