About Business Certificates
New York General Business Law 130 (referenced in today's Court Order) is similar to what I know about Florida and Minnesota law, where my wife and I have established businesses. Any business that is not a sole proprietorship doing business in the proprietor's own name, must file a certificate of assumed name with the state. Without it, you cannot get loans, building permits, operating permits, credit for the business, etc.
Today, Judge Engoron canceled all of Trump's business certificates in New York state. Certificates that were valid yesterday no longer exist. And the State of New York wasted no time responding to the order. I went to the New York State Department website to view some of the Trump business certificates. They have all been taken down. They have been canceled. They no longer exist.
In our business, if I want to place a vending machine in our gym, I must get a city permit for the vending machine. To do that, I must submit a copy of our business certificate to the people who issue the vending machine permit. So too if I want to put a new sign on the front of our building, or do remodeling construction that requires a building permit, etc.
At this moment, Trump is literally out of business in the State of New York, to the extent that it is illegal to operate a business without a valid business certificate. If New York state law is similar to what I have experienced in FL and MN, Trump is frozen in his tracks. He can't legally place a new vending machine in Trump Tower because he lacks the proper documentation.
This abrupt cancellation of Trump's NY business certificates is a recipe for chaos. There may be a provision somewhere that provides time to adjust to such cancellations, but I'm seeing no reference to any such thing in the order. Watch this space.
EDIT: Further research leads me to believe there may be a 30-day grace period that allows a business to operate, to wind things down, after its business certificate is canceled.