Starting a New York LLC offers flexibility, but it also comes with tax responsibilities. While most LLCs do not pay federal income tax as a separate business entity, New York imposes its own filing requirements and annual fees that business owners should understand from the beginning.
Knowing how your...
Choosing the proper business structure is one of the most critical decisions an entrepreneur can make when forming a business. It impacts everything from personal liability to tax obligations and long-term growth potential. For business owners in New York and Florida, creating a Limited Liability Company (LLC) is a popular choice,...
Contracts are a key part of business operations and can concern a company’s relationships with its employees, contractors, service providers, and business partners. A business owner should familiarize themselves with the most critical types of contracts their company will likely need.
Employment ContractsBusinesses...
The Federal Trade Commission (FTC) has issued a final rule, essentially banning non-compete agreements by making them unenforceable. For business owners who have employees, this is certainly a development which is causing concern. It is very common indeed, when hiring an employee, for an employer to have the employee sign...
So you have decided to take the leap and start your own business. It is an exciting adventure. It is important to make sure that when doing so, you take the right steps. First, you need to surround yourself with capable and responsive professionals. Of course, an accountant...
Starting one's own business is an exciting endeavor. Getting off to a right start will help one to avoid some of the pitfalls typically encountered. One of the first things to do when considering starting your own business is for you to conduct research to find out what licenses you...
It is always a good idea for the business owner or executive to review one's company's contracts, to make sure they are current and contain important provisions. Of course, whether one is providing products or services, the description of what is being provided is a must, as...
For the business owner, especially small, family-run businesses, relationships with employees need to be handled properly so as to avoid unnecessary litigation and turmoil within the workplace. As a starter, even with a small business, you should have an employee handbook, which clearly explains the duties and obligations of both employer and employee. Set...
A limited liability company, also called an LLC, is a business structure that combines the advantages of a partnership with the liability protection of a corporation. An LLC can have one or more owners, who are called members. Members of an LLC can be individuals or businesses, and there isn’t a limit to the...
When drafting a New York business agreement, it’s imperative that you do so with the assistance of an experienced New York business law attorney. Otherwise, you run the risk of making mistakes that can cause headaches for years to come. Luckily, most New York business agreement mistakes are easily avoidable—you just need to...