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...
Business Formation & Planning
Funding is a critical step in getting a business off the ground
Formally creating a business is only the first step of a lengthy and difficult process. Businesses also have to set up agreements with suppliers and customers, and there may also be issues with insurance and the hiring of employees. But the biggest problem for a...
What should be addressed in a buy-sell agreement?
Business owners in the New York City area have a lot on their plates. Managing the day-to-day operations of their business is a full-time job. It can be easy to neglect some long-term concerns, such as considering what happens when you or a business partner want to...
Make your dream of owning a franchise a reality
Have you ever dreamed of owning a McDonald’s restaurant? Or maybe a Holiday Inn hotel? Or perhaps you have always wanted to own a Walmart. If so, you may be interested in franchising. Franchising is a great opportunity to own a business without having to start it from...
Two options if you are considering incorporating your business
You may have built a business in New York from the ground up, perhaps with several partners. It has seen significant success and has attracted investors. In such a situation, you may decide that you want to incorporate. The following is an overview of two corporate...
What to include in a partnership agreement
Partnership disputes are a concern most new partnerships wish to avoid. For that reason, parties entering into a partnership agreement should be familiar with what to include so they can help avoid a partnership dispute down the road. Elements of a partnership...
What are three common types of business structures in New York?
The entrepreneurial spirit is alive and well in New York, and many New Yorkers will decide to go into business for themselves. When doing so, they will have to choose a business structure. It is important to understand that different business structures offer...
How to select the most suitable form for a new business
There are four primary business forms that new business owners can choose from when setting up their business. The importance of business form selection should not be overlooked because of the impact they can have on the operation of the business; for that reason, new...
Common mistakes entrepreneurs make
Starting a business in New York can be exciting, but it is also very challenging. It is not something to lightly go into, as there are many things that can go wrong and quickly lead to the company’s demise. It is important to understand some common mistakes that new...
What are methods for encouraging compliance after training?
When you are tasked with training employees at your organization in New York, you may be frustrated with situations where your employees seem ignorant of important regulations you have encouraged them to follow. Providing the type of training that motivates them to...