201003.16
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How Do I Convert a Partnership, Corporation or Other Entity into an LLC?

(You may also want to read our related post, “How Do I Convert a Partnership, LLC or Other Business Entity into a Corporation?“) The New York Limited Liability Company Laws and the Delaware Limited Liability Act have provisions to easily convert an existing general partnership or limited partnership (and with respect to Delaware, “other entities”…

201003.11
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What is a Limited Liability Company?

A Limited Liability Company (an LLC) is an unincorporated business organization of one or more persons who have limited liability for the contractual obligations and other liabilities of the business. The New York Limited Liability Company Law governs the formation and operation of a New York LLC.  A New York LLC may organize for any…

201003.10
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Do You Need an Operating Agreement for Your Small Business LLC? Here is my LLC Operating Agreement Checklist.

As you may know, a “corporate kit” includes a pre-made form of limited liability company operating agreement.  There is no telling how complete these are and whether or not they were prepared by a corporate attorney.  Certainly an off-the-shelf operating agreement is not customized for your needs.  I recommend having a New York Small Business…

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…

201001.26
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Links to New York State and the City of New York Laws

Here are a few links to the websites maintained by the New York State and the City of New York legislatures. New York State Legislature – Laws of New York, Bills, Resolutions, Bill Text, Status, Summaries, Sponsor Memos, Floor Votes. NY Department of State-Division of Administrative Rules – New York Codes, Rules and Regulations (NYCRR)….

201001.21
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What Happened to Scrabulous on Facebook (Hint: Has to Do With Violating Scrabble Board Game’s Trademarks and Copyrights).

Online games are protected by copyright and trademark laws. Back in 2007, Jayant and Rajat Agarwalla created Scrabulous, the online Scrabble knockoff that became a smash on Facebook. When Hasbro, which owns the North American rights to Scrabble, filed suit for intellectual property infringement, the brothers removed the game from Facebook after the social network received a takedown notice from Hasbro’s lawyers […]

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…