You likely have insurance for your vehicle. You probably have health and life insurance as well. But do you have insurance for your business? Business insurance provides coverage and liability protection in the event of unforeseen circumstances. Understanding the...
Business Formation
Reasons to file a business as an S corporation
An S corporation is a unique type of business structure that can work well for small and mid-sized organizations. It bears similarities to a regular C corporation but with different rules and tax treatment. Understandably, many people file their businesses as a...
Signs that it is time to expand your business
Expanding your business can be a pivotal step towards growth and success. If it is the right time and you have the right reasons, it can pave the way for sustained success in the dynamic entrepreneurial landscape. Begin by evaluating your business for key indicators...
6 key documents for launching a successful business
Launching your own business is an exciting endeavor, but it requires careful planning and documentation. According to the Bureau of Labor Statistics, 65% of small businesses fail within a decade of opening. To beat the odds and set the stage for success, you should...
Ensuring your accreditation with the Better Business Bureau
One way to establish credibility in the competitive landscape of small businesses is by securing accreditation from the Better Business Bureau. According to the BBB, this organization currently accredits over 400,000 businesses based on ethical standards and customer...
4 common pitfalls of launching a new business
Embarking on the entrepreneurial journey is an exhilarating experience, but it can come with challenges. Many small business owners find themselves grappling with avoidable mistakes that can hinder the success of their ventures. 1. Neglecting market research One...
How to conduct market research for a business idea
Bloomberg reported over 5 million new businesses started in 2022. Launching a new business is an exhilarating venture, but before diving in headfirst, conducting comprehensive market research is an indispensable step. Understanding your target market, competition and...
SPACs in New York explained
When companies want to avoid the long and arduous Initial Public Offering (IPO) process of regulatory review when listing on public markets, a viable alternative may come in the form of a Special Purpose Acquisition Company (SPAC). SPACs are blank-check companies...
Should you contact angel investors to fund your New York startup?
If you’re looking to fund a startup business in New York, an angel investor can help. An angel investor is a person who funds your business in exchange for a return on their investment. How to attract an angel investor Business formation and planning should occur...
Starting a nonprofit in New York
Starting a nonprofit organization in New York is similar to other types of business formation. It involves a lot of paperwork, organization and close attention to detail. Naming The first part of any business formation process is often naming the organization. Choose...