201004.22
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What are my Employer Obligations for Employees in New York?

First you should “Determine Whether Your New York Business has Employees or Independent Contractors” by reading that post or consulting with a corporate attorney. If your New York business hires employees, then the following would apply. Workers’ Compensation.  The New York State Workers’ Compensation Law (“NYWCL”) requires qualifying businesses must obtain workers’ compensation insurance before…

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201003.05
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Why Choose a Limited Liability Company (LLC) over a Corporation For Your Small Business?

An LLC  combines the limited liability advantages of a corporation with the control and tax advantages of a partnership.  You can elect to have your LLC taxed as a corporation, or you can elect to have it be a “pass through” entity (taxed like a partnership — the LLC’s income and losses are reported on…

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201002.02
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What are the benefits of having an LLC?

A New York Limited Liability Company  has the following benefits: Liability Protection Like a Corporation. New York LLC members are generally protected from personal liability for debts and claims of the business. This means that if the business can’t pay a creditor or gets sued, the creditor cannot legally come after the member’s personal assets…

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201001.08
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Starting an LLC or a Business in New York? Here is my Business Startup Checklist

As a business and corporate attorney representing startups and established companies, I am frequently asked for a checklist of items to consider when starting a business.  Below is a “10,000 foot” overview of what needs to get done in starting or buying a large or small business in New York. For more information, click to…

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