Professionals and business owners in New York can reduce the risk of losing personal assets by combining sound business practices with thoughtful legal and estate planning. The most effective asset protection strategies are put in place before a lawsuit, creditor claim, or financial dispute arises, giving you more options and stronger...
New York LLC Taxes: What Business Owners Need to Know
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...
Pros & Cons of Forming an LLC in New York and Florida
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,...
Essential Contracts Every Business Owner Should Understand
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 Future of Non-Compete Agreements in the Workplace
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...
How to Get Your New Business Started
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...
Important Tips for Starting Your Own Business
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...
Critical Provisions in a Commercial Contract
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...
How a Business Can Successfully Deal with Employees
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...
LLC Pros and Cons
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...