Running a business in New York isn't just about providing services and products to your clients or customers; internal operations require proper management. One of the most important elements is ensuring a successful business partnership. Issues can arise between...
Business Formation
Mastering small business failure to achieve success
If getting a grip on your previous small business failure in New York presents a challenge, take heart in the knowledge that you can succeed. Writing a solid business plan is the first step of your new entrepreneurial venture. Now is the time to visualize a mission...
How to get an EIN for your business
Applying for your EIN in New York is an easy process when you apply via the Internal Revenue Service (IRS) website. The IRS offers several ways to submit your application. You can apply online, by mail or via fax. According to the official IRS website, applying for an...
Information to include in a restaurant business model
A restaurant business model is a professional outline of your restaurant's products, services and marketing strategies. This model is a plan of your business to give to other business partners in which you describe the restaurant's goals, predictions and strategies....
Breaking down a business contract
No contract in New York is valid unless certain elements are acknowledged and made. Ignoring one element could make the agreement voided. There are several, basic parts that make up a business contract. Offer A standard contract starts with the offer of a product or...
Choosing the right business structure
When starting a business in New York, the type of business structure that you organize your business under can have a major impact on taxes, liability, structure, costs and other important forces. There are a few key types to understand and choose from....
Creating an operating agreement for your LLC
There are many ways to form a new business in New York. One of the most common is to create a limited liability company (LLC). This will give you a business arrangement with more personal protection but less formality to complicate things. The key to a successful LLC...
Should you form a corporation or an LLC?
Forming a business in New York can present its share of dilemmas. One of these is making a choice of what kind of business to form. The most common types are an LLC or a corporation. Both come with a number of intrinsic advantages that make them well recommended. But...
What type of business entity should you choose?
Forming a new business in New York requires a lot of prior knowledge. One of the first things you will need to know is what kind of entity you wish to form. There are a number of possible choices. Each comes with its own set of unique pros and cons. The choice you...
The startup surge in 2021 could establish a new record
The situation that has required many people to work from home has resulted in many new entrepreneurs also taking advantage of the ability to operate a business by utilizing the virtual marketplace. In fact, many new businesses operate solely in a digital format for...