Using a business entity matching your goals is essential if you're involved in a startup in New York or have an established small business. Forming an LLC, an LP or incorporating are a few options. Before making this decision, it's best to weigh the pros and cons....
Year: 2022
4 reasons mergers and acquisitions fail in New York
If you're considering doing a merger or acquisition in New York, you need to be aware of the risks involved. A recent study by PwC found that over 70% of mergers and acquisitions in New York fail, which is significantly higher than the national average of around 50%....
Implementing the NY commercial finance disclosure law
The New York State Commercial Finance Disclosure Law (CFDL) requires that certain commercial finance providers need to disclose the specific details of the financing they provide. The objective is to provide greater transparency and specificity to borrowers who need...
Common ADR methods for business disputes
When two business partners, employees or business owners in New York can't seem to agree on something, the disagreements can lead to drawn-out and expensive court battles. Alternative Dispute Resolution (ADR) methods provide a way for businesses to settle their...
Plan your company structure to reflect your goals
There are many ways to structure a business in New York. You can form a sole proprietorship, S-corp, C-corp, or LLC. The form that your company takes should be a reflection of the goals you have in mind for it. You need to decide if you wish to cater to the members...
FDIC issues new requirements for crypto-related activities
Any institute under Federal Deposit Insurance Corporation supervision considering engaging in a crypto-related activity needs to notify the FDIC. Institutes need to explain their intent by giving information to the FDIC in Massapequa, New York. The FDIC wants open...
How to start an LLC in New York
You can start a business as an LLC in New York or restructure your sole proprietorship as one. This is helpful because it separates you, the owner, from liabilities such as lawsuits and debts that your company can accrue over time. If you're interested in forming an...
When will your business need a foreign qualification?
Are you planning to grow or expand your business in New York? You may be thinking about doing business in another state entirely. If this is the case, you will need to look into whether or not you need a foreign qualification. Here is a quick look at the kind of...
What is a special purpose acquisition company?
New York is one of the world's capitals for finance, so it is a hot spot for special purpose acquisition companies, or SPACs. A SPACs is an innovative way to execute mergers and acquisitions that is blended with an IPO. SPACs Taking a company public is a crucial step...
Pulling off a successful acquisition in New York
Some of the most business difficult maneuvers to pull in New York are mergers and acquisitions. You need to make sure the other company's culture is compatible with yours, sort out the leadership structure and hope that the merger is actually the best thing for you....