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 >
Aug 2
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 >
Jul 23
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 >
Jul 18
How to Find the Best Small Business Attorney Near Me
For business owners, there will always come a time when legal advice is necessary. A quick online search will bring up plenty of options for local counsel. But simply clicking on one of the online ads or picking a name from a directory doesn’t answer the question, “Is this the best small business ... Read More >
Jun 17
Should I Form an LLC or an S Corporation?
If you have decided to start your own business, one of the first decisions you need to make is how you want to structure your entity. There are advantages and disadvantages to both limited liability corporations (LLCs) and S corporations. These advantages and disadvantages make the decision a ... Read More >
Jun 12
What To Review When Buying A Small Business In New York
Purchasing an established small business is a great way to be a business owner while minimizing some of the risk associated with a start up. A business with an established product, client base, and brand name will allow you to jump right into operations; no need to create the product or find the ... Read More >
Jun 6
The Importance of the Operating Agreement
The operating agreement may just be the most important document your new small business has. Not only is an operating agreement required by New York law, it is crucial for defining the rules of management and the rights of the members. A well written, well thought out operating agreement can foresee ... Read More >
Jun 1
The Need for a Partnership Agreement
What is a partnership? A partnership is a business that is neither a corporation, nor an LLC. However, it is owned by two or more people. You do not necessarily have to create a written partnership agreement. If you do not have a written agreement, the partnership will begin as soon as the ... Read More >
May 15
How Much Is My Small Business Worth?
How much is my small business worth? The answer depends on many factors, including the valuation method and the purpose of the valuation. There are several ways to determine business value. The simplest is balancing assets against liabilities. Projected future sales is another. No matter the method, ... Read More >
May 8
Can I Deduct the Cost of Buying a Small Business?
More now than ever, when buying a small business, your expense is a necessary investment. You may be asking can I deduct the cost of buying a small business. People have stopped relying on their 9-to-5 jobs for providing for all their needs, let alone the costs of college and retirement. While you ... Read More >