Shankar Law Bulletin

 NON-COMPETE AND NON-SOLICIT AGREEMENTS: WHAT ARE THEY? AND SHOULD I HAVE IT REVIEWED?

• WHAT IS A NON-COMPETE?

A Non-Competition Agreement or a Non-Compete is an agreement between an Employee and his/her Employer. The reason behind this agreement is to prevent the employee from either joining a competing business or even starting one of its own to compete with the previous employer. A non-compete may just be a section in the Employment Contract or a Separate Contract during the onboarding process.

New York State Department of Financial Services

FINAL CYBERSECURITY REGULATIONS

Should You Form An LLC Or An S-Corp, And What’s The Difference?

Limited liability company (LLC) or S corporation (S-corp)?  What do these business structures mean? As a business attorney, I always get the age-old question as to which one is best for you as a budding entrepreneur, balancing issues such as liability and taxation? Simply put, an LLC is a business structure while an S-corp is not. Instead, an S-corp is a tax election.

 What are Immigration Consequences for Employers and their immigrant employees if Government shuts down?

Summary: If Congress is unable to resolve the 2018 Fiscal Year funding by December 8, 2017 then a government shutdown will have trickling effect on Employers of all sizes and will impact the agencies involved in the immigration petitions, such as USCIS.

 Does your start up need a lawyer?
Three considerations to keep in mind

Summary: Typically, when business owners start up a new company, the founder(s) begin on a bootstrapped budget of their own cash, and less likely, small seed round from friends and family, and if they are lucky, an angel investor. Founders are full of dreams and aspirations for their new business, they set up an idea, the tech behind their idea, and marketing objectives—and they intend to put every single dollar back into marketing to scale growth.

The Paycheck Protection Program: An immediate relief for small business owners

A developed country’s major achievement is accessibility of services to all. Whether you live in Manhattan or Brooklyn, every neighborhood has its own dynamic way of serving people. One can generally find a local grocery store, a gym, a salon, a dry cleaner, bars, food joints, all at a walking distance from wherever they are situated. These services are generally all a by-product of small business owners (SBO) thriving to make our lives easier every day. These SBOs have been the worst hit by the mandated closure announced by the government due to the Coronavirus Disease (COVID-19) almost four weeks ago.