The business formation process features numerous important steps. Aspiring business owners need to consider different structures for their company. They need to research the industry in which they hope to operate. They may need to seek out insurance coverage and...
Starting your own business means making smart choices early on. One of the most significant decisions is selecting the right structure. Many people ask whether an S-Corp might be a better option than a basic LLC. If you're starting in New York, it's important to...
Starting a business involves many important decisions. One of the first, and most important, is choosing the business's legal structure. This choice affects taxes, personal liability, and how much control the owner has. Common structures include sole proprietorships,...
Starting a nonprofit requires careful planning and attention to specific legal requirements. Nonprofits serve a wide range of purposes, from charitable work to educational programs, and understanding the formation process can help your organization succeed. Choosing a...
Starting a business involves more than just an idea and a plan. One crucial step is obtaining the required licenses and permits to operate legally. Without them, a business may face fines, penalties, or even closure. Following the proper steps ensures compliance with...
Clear communication is the foundation of many successful business relationships. That's why clarity is key when drafting a contract. Poorly worded agreements often lead to misunderstandings, unintended breach of contract and litigation. Below are four tips to keep in...
Starting a business involves crucial decisions, including how to fund it. Bootstrapping and raising venture capital (VC) are popular methods, but each presents different long-term legal risks. Equity and ownership issues Bootstrapping allows the owner to retain full...
Choosing between setting up an LLC or a sole proprietorship is a crucial decision when starting a business. Both options have their pros and cons, and understanding these can help you make the best choice for your specific situation. Sole proprietorship A sole...
Starting a business is an exciting venture, but it can also be challenging. It is important to take action to prevent future disputes for the longevity and success of any business. Taking the right preventative steps during business formation can help mitigate the...
Starting a new business in New York involves several steps. The articles of incorporation are essential as they formally mark the birth of your corporation under state law. When you draft your articles of incorporation, you set the foundation for your business...
