Client Corner: Seacoast Enterprises Associates, Inc. (S.E.A.)

S.E.A. was established in the 1970s by Richard “Dick” Mendelman and his business partner Leland “Buck” Burnett. Today, the company operates four marinas and two full-service boatyards in Three Mile Harbor, East Hampton, NY. The marina enterprises also include a waterside restaurant and services that range from watercraft rentals, gas and diesel fueling, boat and …

Continue reading Client Corner: Seacoast Enterprises Associates, Inc. (S.E.A.)

Funding Options for Key Person Life Insurance

Key person insurance can be an essential component of business continuation planning. The business, or the owners and key persons who are essential to operating the business, purchase these policies. If an owner or key person dies or becomes disabled, this insurance could help make up for lost sales or earnings, assist in satisfying the …

Continue reading Funding Options for Key Person Life Insurance

New York State Paid Family Leave: The Facts

On July 19, 2017, New York State (NYS) released final implementing regulations confirming that employees who regularly work 20 hours or more each week will become eligible for NYS Paid Family Leave (PFL) after working 26 consecutive weeks for their covered employer. Employees who regularly work less than 20 hours per week become eligible on …

Continue reading New York State Paid Family Leave: The Facts