FAQ: New York LLC Publication Requirement

What is the publication requirement? New York Limited Liability Company Law requires that all newly formed LLCs publish a notice of formation within 120 days of forming. This notice must be published in two newspapers for six consecutive weeks. The newspapers must be those that are designated by the ... Read More >

Asset or Stock Sale When Buying or Selling a Small Business

Brooklyn Small Business Lawyer: Advantages of Asset vs. Stock Sales When Buying or Selling a Small Business One of the most important considerations when buying or selling a small business is whether to structure the sale as an asset sale or a stock sale. Usually, the seller will prefer a stock ... Read More >

Due Diligence: Preparing to Sell a Small Business

New York Business Lawyer Discusses Due Diligence: Preparing to Sell a Small Business “Due diligence” is the period of time during which a buyer has the opportunity to investigate a business before completing the purchase. During the due diligence phase, the buyer can research the company’s financial ... Read More >

Common Limited Liability Company (LLC) Questions

Limited Liability Companies became a popular legal entity choice for small business owners in the early 90s. Best described as a hybrid between a corporation and partnership, an LLC offers numerous advantages, with relatively few disadvantages. An LLC is easier to form and operate than a ... Read More >

Does My Business Need a Formal Legal Structure?

Most small businesses start out as a sole proprietorship or a partnership. While these are great forms for some, most businesses eventually transition to a formal structure, such as a corporation or a limited liability company (LLC). Doing so provides numerous legal advantages. Is it time for your ... Read More >

The Five Contracts Your Business Should Have

As a small business owner you likely enter into contracts on a daily basis. With your suppliers, your distributors, your employees. When a party doesn’t perform, the contract should be the first place you look to determine your rights, obligations, and remedies. These are the written contracts every ... Read More >

How to Buy an Existing Small Business

Brooklyn Business Lawyer Discusses How to Buy an Existing Small Business Buying an existing small business can be a smart decision as it is often less risky than starting your own business and you can hit the ground running. It is a good idea to consult with an experienced business lawyer early in ... Read More >

4 Things Every Business Owner Should Know About Doing Business in New York

Companies that want to start doing business in New York are entering an exciting arena. The Big Apple is a hub for entrepreneurship, innovation, and economic opportunity. However, this is also a region with steep competition—along with a web of complex legal requirements for businesses. Here are a ... Read More >

Smart Legal Tips for Entrepreneurs

Starting a business involves making a lot of decisions—and each choice can have long term consequences. There’s a lot to learn as a startup founder, so there’s no time like the present to start considering the legal side of owning a business. These legal tips for entrepreneurs aren’t a substitute ... Read More >

4 Things for Online Retailers to Know about the Supreme Court Internet Tax Ruling

The days of “tax free” online shopping are officially coming to an end. The recent Supreme Court decision in South Dakota v. Wayfair Inc. has closed a loophole that was costing states $17.2 billion in lost sales taxes each year. While this is good news for brick-and-mortar retailers and state ... Read More >