When launching or restructuring a business, selecting the right corporate entity can shape everything from tax obligations to growth potential. Two popular options, C corporations and S corporations, offer distinct advantages and limitations. Understanding how they...
Long gone are the days when deals were only closed manually through signing a piece of paper. Now, agreements can be closed with the tap of a screen thanks to digital contracts and electronic signatures (e-signatures). They are fast, efficient and reduce the need for...
Unpaid debts can chip away at your bottom line and stunt your ability to grow. While late payments are common in business, recurring unpaid invoices can limit your ability to invest in resources, scale operations or pursue new opportunities. Over time, this strain can...
Creating a new business can be exciting, but it can also be stressful, especially considering that a number of businesses end up failing just a few years after their creation. But the good news is that there are steps you can take to mitigate the risks associated with...
Different factors contribute to contract disputes. Ambiguity is one of them. If any term in the agreements you have with the parties you work with is not clear, misunderstandings may arise in the future. Here is what to know about ambiguity in contracts: What is...
Mandatory arbitration clauses require parties to resolve disputes outside of court through arbitration, a private process where an arbitrator makes binding decisions. Many businesses prefer arbitration in order to avoid the cost and unpredictability of litigation....
Running a business can be difficult in New York, especially as a start-up. It can seem like an overwhelming maze of laws, regulations and concerns when trying to get financing, garner a foothold, advertise, attract customers and, hopefully, become a success. When...
When you finally decide it is time to open your own business, you may be excited to hit the ground running. But running a successful business requires careful planning and this starts with a good business plan. What is a business plan? A business plan is a written...
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...
You have several business structures to choose from when creating your business. For many, a partnership makes the most sense, because it allows them to retain a significant amount of control over the business while allowing them to maximize their profits. Despite...