A limited liability company (LLC) is a business structure in New York that protects business owners from personal financial liability. This is accomplished by separating the business and personal assets of the business owners. To maintain this separation, it is...
If you have your values in order, the rest tends to fall into place. By basing your business succession in New York primarily on a few key value-related considerations, you'll make conditions ideal for the most positive outcome from the transition. Having a successful...
The Consumer Financial Protection Bureau (CFPB) provides federal protection for consumers involved with financial institutions. The goal of the CFPB involves making consumer markets more effective by upholding the laws governing them. Congress grants the CFPB the...
There are many steps to the process of business formation in New York. One of the important parts of the process is understanding how you will identify your business for the purpose of federal taxes. Consider that an individual employee filing taxes will use their...
New York businesses combining resources and restructuring into one company is the definition of a merger. Acquisitions take over one company from another, while mergers join two or more existing businesses. However, one company may have a higher stake and...
Mergers are a common part of business life in New York. Companies are constantly trying to form new partnerships and figure out the size that will benefit their business approach best. Mergers are not inherently good or evil. Instead, companies must weigh the benefits...
Business partnership disputes can be very costly and time-consuming. Plus, considering the stakes involved in business partnerships, the potential for extensive damage to business relationships and reputations is high. Thankfully, if you're currently in the midst of a...
If you own a business, you know the importance of expanding into new markets and territories. But what's the best way to do this? For many companies, mergers and acquisitions are the answer. What are mergers? A merger is the combination of two companies into one. The...
Starting your own business in New York is as gratifying as it is challenging. The way you organize your new organization is key, so make sure you're getting organized in the right way. Keeping things simple when it makes sense The most common way for a business to...
Founding a new company in New York is a complex matter, and there are a lot of ways to make sure that it is done in a way that will set the new business up for success. The first year for a business is the hardest, so it is especially important to take care. Forming a...