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...
Year: 2022
The Importance of Company Formation
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...
The first steps of selling commercial properties
Selling a commercial property in New York requires going through a step-by-step process. The seller has to prove that the property is efficient for regular use. As much information as possible is collected and prepared before the commercial building is put up for...
The basics of DIP financing
If you own a business that is going bankrupt, you have several options for financing your business. One option is debtor-in-possession (DIP) financing. What is DIP financing? DIP financing is a type of financing that is available to business owners who are going...
4 disastrous company mergers
There are many benefits of a merger, of which New York businesses might be aware. Not only is it possible to offer more products and services, but an increase in plant production, as well as research and development, may be the result. When a merger or acquisition...
Understanding the pros and cons is essential before incorporating
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....
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...