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 >

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 >

Maintaining Liability Protections of an LLC or Corporation – Small Business Lawyer

Maintaining Liability Protections of an LLC or Corporation One of the primary advantages of registering a business as an LLC or corporation is liability protection in the form of safeguarding a business owner’s personal assets from being reached by a business creditor or in the case of legal ... Read More >

FAQ: Corporations

What is a corporation? A business corporation is a legal entity that is separate from the individuals who compose it. Corporations generally have perpetual existence (no fixed date for dissolution) and limited liability (the shareholders are not personally liable for the liabilities of the ... Read More >

Why a Small Business Lawyer is Essential to Business Owners

Starting and running a small business can be a complicated matter. Along with the day-to-day activities, the owner must also deal with the larger legal issues pertaining to their business. Oftentimes business owners lack the legal knowledge to handle these issues effectively, and end up hurting ... Read More >

Small Business Startup: First Steps

To many, owning a small business is the American dream. A chance to be their own boss and make their own way. Entrepreneurs have ideas for new businesses all the time- whether it is the next big thing to revolutionize an industry or a tried and true concept. However, when it comes to the actual ... Read More >

How to Satisfy the NY LLC Publication Requirement

New York Limited Liability Company Law requires the publication of a notice of formation of a LLC within 120 days. Essentially, it is a notice to the community of the formation of the company, the address of the company and upon whom notice of a lawsuit should be served. Failure to complete ... Read More >

How to Start a Small Business in New York

While statistics vary, as many as 50 percent of new small businesses will not survive five years. This does not seem to deter many entrepreneurs; and to many starting a business is the ultimate American dream. Most potential entrepreneurs have an idea for a business but no clue what to do to make ... Read More >