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...
Business Formation
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...
What to know about starting a new business
Over the past three years, there has been a surge of applications for employer identification numbers, as new companies are being formed. However, while starting a business in New York may be an effective way to secure your future, there are a number of issues to...
Choosing a C-corporation structure to attract investors
For entrepreneurs starting businesses in New York, one of the initial steps they will need to complete is deciding what form it will take. Choosing a legal entity structure for a business involves determining the type of liability protection the entrepreneur needs and...
Protecting trade secrets is essential when running a business
When operating a business in New York, it is imperative to know the value of innovation. People who have created a product or service might not understand how vulnerable it can be if they fail to take the necessary steps to shield their trade secrets and prevent...