IT'S YOUR BUSINESS

BUSINESS ETHICS: MATANOT LA’EVYONIMMarch 2011

Q: Can I fulfill the missva of matanot la'evyonim (gifts to the poor) on Purim by providingfree food from my bakery or catering business to distribute to needy people? And can I consider the value of this food towards my ma'aser kesafim? A: The missva of matanot la'evyonim can be fulfilled through giving either food or money.[1]You can give the Read More »

By Rabbi Meir Orlian

THE NEW $5000 IMPORT PENALTYMarch 2011

If you’ve been importing merchandise from overseas without submitting a complete and accurate Import Security Filing (ISF), the party is about to end. The requirement to transmit detailed shipment information electronically from overseas prior to departure went into effect in 2009, but was subject to a “flexible enforcement” period during which fines were generally not Read More »

By Henry Setton, Global Logistics Service

MIXING BUSINESS WITH PERILMarch 2011

Your small or home based business might be totally dependent on you, but shouldn’t mean that a business loss or lawsuit should put your personal money and assets in jeopardy. To shield yourself from potential liability, form a corporation or LLC, maintain a separate bank account and secure appropriate insurance protection – not just for Read More »

By Jack Erdos, Attorney And Cpa

STRATEGIES FOR A SUCCESSFUL SUCCESSIONFebruary 2011

The failure to have an agreement in place regarding appropriate business succession and buyouts is a big mistake and can be detrimental to any business. Business owners often neglect to plan for the future, but planning early can save the headache and expense of sorting these issues out later on. Some of the potential circumstances Read More »

By Shaul Elnadav, Vishnick Mcgovern Milizio Llp

THE ROAD WARRIOR’S LIFELINEFebruary 2011

Seasoned business travelers who rely on their laptop computer to stay connected have probably experienced the frustration of expensive hotel internet connections, unpredictable speeds and a dearth of WiFi hotspots outside of major metropolitan areas like New York. The solution? Travel with a USB stick-modem so you can be online from just about anywhere. USB Read More »

By Mendy Newman, Vp Talk 'n' Save

BUSINESS ETHICS: ONA’AFebruary 2011

Q: I bought a gold necklace and later discovered that the jeweler charged me double the retail value of the necklace and indicated that it was 2.0 oz. of gold, when it weighed only 1.8 oz. What recourse do I have? A: Fraudulent overcharging is called ona'a. Our sages established that if the price differential is Read More »

By Rabbi Meir Orlian

BUSINESS ETHICS: LEFT BEHIND BELONGINGSJanuary 2011

Q: I run a small catering hall. What should I do with the coats and hats left on the coat rack? A: Since the coats and hats are identifiable, there is a missva to enable the owners to reclaim them(hashavat aveida). In this situation, since the coat or hat was left in a reasonably secure place, it Read More »

By Rabbi Meir Orlian

AVOID LEASING WEAR AND TEAR ON YOUR WALLETJanuary 2011

Every auto lease contains a vague clause stating that the customer bears responsibility for “excess wear and tear to the vehicle.” But what that really means is subject to different interpretations based on your car’s model and the leasing bank’s policies. So how do you avoid getting charged with an unexpected bill after you return Read More »

By Steven Sasson, Legend Leasing

IS YOUR I P PROTECTED?January 2011

Even if you run a small company, your business success may depend on some form of IP (intellectual property), like a proprietary formula, distinctive logo or unique process. Protecting IP from competition can be accomplished in several ways: Patents are usually valid for 20 years and are available to any person who invents or discovers Read More »

By Jacques Erdos, Attorney And Cpa

MYTH OF THE “STANDARD” COMMERCIAL LEASEJanuary 2011

One of the biggest mistakes companies make when renting retail, office or warehousing space is failing to pay proper attention to the detailed terms of a lease agreement. Tenants are often surprised to discover that the agreement includes provisions for escalations based on real estate tax increases, insurance costs, and common area maintenance expenses. For Read More »

By Shaul Elnadav, Vishnick Mcgovern Milizio Llp
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