Month: August 2017

To get your new business off on the right foot, one thing you need to do early on is decide which business structure will best serve your needs, both in the short run and as your company grows. There are basically four structures to choose from, and each has its own merits. Doing Business As

  When getting ready to launch your new business, you should give serious thought to what type of formal business structure will best serve your needs. There are several different options for organizing your business in the state of New York, and each has its own unique characteristics and advantages. Sole Proprietorship As its name

When starting a new small business, many entrepreneurs agree that a Limited Liability Corporation, or LLC is the way to go. The many advantages of forming an LLC for startup businesses include: – Limited liability of the company’s owners for business debts, without the strict guidelines that govern regular corporations – Profits and losses can

One huge advantage of structuring your business as an LLC is the protections it affords its members from personal liability for debts incurred by the business. However, protections vary from state to state, so it is important for you to understand the specific  laws in New York State regarding creditors’ rights against your LLC. While

To begin with, you are not required by law to have either a Corporate Seal or to issue paper Stock Certificates to your shareholders. So if you legally do not need them, why go to the trouble and expense of getting them? There are several reasons to go that route, but first, let us explore

Starting a new business, or growing your existing one, can be both challenging and exciting. If you are like many entrepreneurs, you no doubt have a passion for your niche, and you do a lot of the grunt work yourself, just for the joy of it. But sooner or later, you are going to have

Whether you are a sole proprietor or in a partnership, your LLC needs a formal Operating Agreement. Even if your state does not legally require you to have it, an Operating Agreement helps formalize your business relationships within your LLC, and clearly lays out the nuts and bolts of your business operations. An operating agreement

The way you structure your business can affect how you are taxed and how your company is viewed in the eyes of the law. Whether starting from scratch or restructuring an existing Partnership of LLC, it pays to look more closely at your options for incorporation. There are two basic types of corporations for growing