Business formation and planning in New York can be complicated, no matter which type of structure you choose. That said, some types are more complicated than others. It can be extraordinarily complicated to start a corporation. These business entities provide great...
Starting a business in New York requires careful planning and the preparation of key legal documents. Depending on the type of entity you are forming, whether it is a limited liability company, limited partnership, corporation, etc., there are different rules for how...
It may have taken some time to assess your business needs and goals; however, you finally arrived at the conclusion that your best business structure is a Limited Liability Company, or LLC. When compared to major corporations, your LLC may appear small and simple, but...
When you’re starting a business, you don’t want to think about how it will end. Nevertheless, it is an essential consideration when creating a business. The future brings many unknowns, making it vital to consider the need to dissolve the business or transfer the...
Excitement is definitely warranted when you are thinking about starting a business in New York. Entrepreneurs with good ideas and the ability to work hard toward their goals may be uniquely suited to gain success. But, you have to start somewhere. The legal process of...
If you are planning to own a business in New York, two of the most popular options are starting up a new business or purchasing a franchise. Understanding the practical differences between these choices is essential for making an informed decision tailored to your...
If a person is new to business, they may not know what a buy-sell agreement is and how it applies to their operations. Buy-sell agreement overview A buy-sell agreement is sometimes also called a buyout agreement and it is used by business owners to plan for future...
A lot of business formation and planning is focused on finding the structure and practices that best strike a balance between operational control and risk mitigation. It’s not an easy feat, although the process can seem rather simple at first glance. To best protect...
Businesses can come in one of several legal formats, each with its own advantages and disadvantages. These can range from relatively straightforward sole proprietorships to highly complex corporations. Somewhere in between these extremes is the closely held business....
There are a lot of different ways that you can structure your business, which makes it an important consideration as you’re getting your endeavor off the ground. That’s why you should take the time needed to educate yourself on your options so that you can choose the...