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....
Business Formation
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...
Forming an advisory council for your business
An advisory board consists of high-ranking professionals who provide strategic advice to the lower-level management of a company or organization in New York. The purpose is to better make complicated decisions that affect broader groups of people. An advisory board...
LLCs and sole proprietorships are different
Entrepreneurs and those involved with startup businesses in New York may wonder how to categorize their ventures. Even self-employed persons who handle a limited number of freelance jobs might have the same concerns. The option to form an LLC exists but opting to be a...
Bylaws: what are they and when they’re necessary in New York
If you are a New York business owner or you're considering starting a company in the near future, then it is important to understand what bylaws are and when you need them. These laws are basically meant to protect parties involved in business transactions as well as...