Firm News

Should You Draw a Salary As a Business Owner? There are a lot of reasons to start a business, and making money as an owner typically tops that list. But should you actually draw a salary from your business? I’m Neil Fridman with the Fridman Law Firm. Today, I want to...

Passion, Drive & Starting a Business at 12 Join us for our first podcast episode with Neil Fridman Esq., Managing Partner and Founder. Watch Neil talk about starting his first business with his grandmother to eventually starting his own law firm. His advice to...

Investment Banker Turned Lawyer… Here’s WHY! So, people are always asking me: “Why did you start your own law firm? Why do you focus on startups? Why not focus on established, medium-sized enterprise clients?” And the answer is: I have done that already. I worked for...

Foreign Workers in the United States Must Meet Detailed Requirements Many companies in the United States seek to hire foreign workers. If these workers come to the United States, they usually need an H-1B visa. Use of this visa requires the employer to demonstrate...

Employee Equity Considerations to Grow and Incentivize Your Team! Whether it’s attracting new employees to join your growing startup, or rewarding the employees who have stuck by your side, knowing what types of equity incentives you can provide can be a powerful way...

Opportunity Zones Allow Deferral of Gains The Tax Cuts and Jobs Act became law on December 22, 2017. The Act is best known for its revision of individual tax rates and brackets and for setting the federal income tax rate at a flat 21% for corporations. But the Act...

Raising Capital for Startup Companies Every startup begins with an idea. The idea grows and changes. Eventually, clarity is achieved. At that point, unless the founders are independently wealthy, they must begin raising capital to turn their idea into a profitable...

The CCPA: California Consumer Privacy Act The news often includes stories about data breaches, large and small. These breaches range from inadvertent releases of personal information by large companies, to information theft, to website hacks and more. The amount of...

Section 409A Requirements and Valuation Rules Section 409A of the Internal Revenue Code (IRC) applies when an employee earns compensation in one year, but the employer actually pays the compensation in a future year. Section 409A requirements apply when compensation...

1031 Exchange: Federal and New York Law Ordinarily, if you buy an asset and its value appreciates, you must pay capital gains tax when you sell the asset. If you are in a low income tax bracket, no capital gains tax might be due. For most taxpayers, the federal...