Sachs Law

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    Power of Attorney – What is it and Is it Enough?

    Power of attorney (POA) is a document that grants a specific person, called an agent, the authority to make important decisions on behalf of another person, called the principal. There are many different kinds of power of attorney. The scope of the authority the principal grants to the agent can be very broad or quite specific. The power of attorney document specifies exactly what that authority …Read More

  2. Are You Scrambling to Get Prepped For Your Taxes? Here Are Some Tips

    While tax day here in the United States is not until April 15, if you own a business and you intend to follow the rules, you’ve already started scrambling. 1099s were due to your independent contractors February 1, and if you are filing an S or C-Corp tax return, it’s due March 15, and then of course personal returns are due April 15. That means you should have everything to your bookkeeper a…Read More

  3. Three Health Care Documents You Need to Include in Your Estate Plan

    Decisions about your health care are some of the most important you will ever make. Don’t put off making plans until you are unable to assert your wishes. Including health care documents in your estate plan can ensure your decisions are always your choice, even if you cannot speak for yourself. Health care documents that clearly state your wishes should be included in your comprehensive estate …Read More

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    Drone Use in Business: What’s Likely and Legal?

    In June, the Federal Aviation Administration (FAA) released its operational rules for the commercial use of drones, also known as unmanned aircraft (UAS). These rules provide clarity for businesses who may be contemplating the use of drones for commercial purposes. Perhaps the most well-publicized intended use for drones came from Amazon, the online retail giant. Amazon proposed using drones for …Read More

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    Trade Secret Law Reform: The Basics

    Many businesses maintain an industry advantage through control and utilization of trade secrets. Be it a formula, a design, or a process, trade secrets can provide advantages over the competition. Not surprisingly, trade secret misappropriation is a serious concern for many businesses. Until recently, it’s been state law at the forefront of regulating and protecting these highly sensitive forms…Read More

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    What is the Difference Between a Copyright and Trademark?

    No doubt you've heard of Copyrights and Trademarks. You see copyrights in books, on the web, and throughout different media. You've also seen trademarks and you may be wondering how those relate to intellectual property and why you aren't seeing a copyright instead. Copyrights and Trademarks are used to protect intellectual property, but the way they are used varies according to the property.  L…Read More

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    What Kind of Business Should You Choose?

    When people think of businesses, chances are they think of either corporations or sole proprietorships. But there are many different types of companies and company structures available for the business owner. What type depends a lot on what may make the most sense for you.  Let's look at what's available under New York laws. Sole Proprietorship Sole proprietorships are the simplest form of busine…Read More

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    New Laws in New York for 2016 that Affect Businesses

    With every new year comes new laws that go into effect in New York. Some of these laws will affect businesses, so it's important to know what laws affect you. Here is a rundown of things you can expect in 2016. Death and Taxes We all know that we can rely on death and taxes, but the tax side is changing this year, thanks to the 2014 tax package. In this case, it's good news for New York businesses…Read More

  9. NYC’s New Commuter Benefits Law

    As of January 1, 2016, covered employers in New York City are required to offer commuter benefits to certain full-time employees. Commuter benefits enable employees to purchase eligible transit on a pre-tax basis. This pre-tax deduction benefits both employers and employees by reducing taxes to be paid. What Employers are Covered by the Law? Both for-profit and not-for-profit employers with 20 or …Read More

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    A New Way to Raise Money Under Regulation Crowdfunding!

    On October 30, 2015, the US Securities and Exchange Commission approved rules to allow companies to use crowdfunding to offer and sell securities. This is what is called regulation crowdfunding, and it has certain rules in place that allow investors and companies to benefit under the law. What is Regulation Crowdfunding Exactly? No doubt you have heard of crowdfunding. If you've ever been on socia…Read More

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