If you read Victor W. Hang’s book, “The Rainforest: The Secrets to Building the Next Silicon Valley,” you know that the ultimate entrepreneurial ecosystem is described as a system in which every ecological niche or space is occupied by an entrepreneurial entity, success is not an end in and of itself, failure is celebrated and weeds grow everywhere. And if you compare Buffalo as it was 10 years ago to a rainforest, you could conclude that the city’s climate could have been described as a desert.
Joe Saeli will be a featured speaker at the New York State Bar Association Annual Meeting in New York City on January 25. Joe will speak about the legal and ethical concerns involved in selling a law practice.
Joe was a member of a committee which revised the NYS Bar Association’s Planning Ahead Guide. He was responsible for the section covering the sale of law practices. This popular publication assists lawyers in planning for their futures.
Joe has spoken about selling law practices at two prior NYS Bar Association Annual Meetings, and at a number of Continuing Legal Education seminars throughout New York State.
Colligan Law’s team is very experienced in the purchase and sale of all types of professional practices and businesses, and is always available to assist you.
2017—It was a rollercoaster year for legal and business issues and the team at Colligan Law worked hard to keep you informed. As we welcome 2018, we wanted to take a minute to share our top stories of the past twelve months with you:
- We asked the question (again). Is a hotdog a sandwich? Just like “What came first, the chicken or the egg?” or perhaps more timely, “What is or isn’t a catch in the NFL,?”, this is one of those questions that people just can’t seem to agree upon. Well, Colligan Law attorney Rob Townsley took a look at what New York State law thinks and perhaps answered the question once and for all.
By Joseph F. Saeli, Jr.
There are several changes to the New York State employment laws in 2018 which every employer should be aware of.
Minimum Pay Rate Increases
These are the new pay rates for upstate New York. The rates for New York City, Long Island, and Westchester County are higher.
- The general minimum wage in upstate New York increases to $10.40 per hour effective December 31, 2017.
- The minimum wage for fast food workers in upstate New York increases to $11.75 per hour effective December 31, 2017.
- The minimum salary in upstate New York for exempt Executive and Administrative employees increases to $780.00 per week effective December 31, 2017.
Conservation easements are an excellent method for maintaining ownership of one’s land while not only prohibiting development but also receiving tax benefits. A conservation easement is a legally-binding agreement between a property owner and a nonprofit organization or a government agency that restricts development on the land covered by the easement. Usually the landowner receives tax benefits in exchange for the conservation easement but sometimes they can receive a one-time payment made by the organization to purchase the easement. Donating land via a conservation easement can provide estate tax, income tax, and property tax benefits.
A little publicized provision of the 2013 New York S.A.F.E. Act is about to become effective and unsuspecting New York pistol permit holders may find themselves in legal jeopardy if they do not act quickly to comply with the statute.
Prior to the adoption of the S.A.F.E. Act, pistol permits issued in New York were good until revoked. The S.A.F.E. Act added a new provision to Section §400.00 of the New York Penal Law creating a five year expiration term for all pistol permits in New York. Every five (5) years a pistol permit must be renewed by filing a recertification form with the State Police. If your pistol permit was issued before January 15, 2013 the deadline to submit your recertification is January 31, 2018. If your permit was issued on or after January 15, 2013, the deadline to recertify is five years after the date the permit was issued. This means that the vast majority of pistol permits issued in New York will expire on January 31, 2018 less than ninety days from now.
1. REEFER MADNESS
Our society’s response to marijuana use is changing rapidly. Eight states and the District of Columbia now permit recreational marijuana use. The use of medical marijuana is allowed in twenty-nine states. In addition, the Canadian government plans to enact legislation in the summer of 2018 which would legalize marijuana use in all of Canada.
We have come a long way from the days of Reefer Madness!
We are proud to announce the addition of Shawn P. Roche to Colligan Law LLP.
Shawn is an associate attorney at Colligan Law LLP—a law firm providing legal services to entrepreneurs and cutting-edge businesses. Shawn’s practice area relates primarily to intellectual property, securities, and corporate law.
We are proud to announce the addition of Christina J. Kennedy to Colligan Law LLP.
Christina is an associate pending admission at Colligan Law LLP—a law firm providing legal services to entrepreneurs and cutting-edge businesses. Christina’s practice area relates primarily to complex commercial and civil litigation.
In the beginning of 2016 my wife came to me with a proposition—she wanted to run for New York State Senate.
Against an incumbent. With a lot more money. And she wanted my help. At the time I had been immersed in the upstate startup ecosystem. That was all about to change.
We had always been a team in nearly everything we did, so by no means did this come as a surprise. A decade earlier I had spent some time in government myself so it wasn’t completely foreign to me. And of course, I had regularly attended a mélange of political activities with my wife over the years. “Why not?”, I thought to myself.