Creating a new business in New York is an exciting venture, with countless considerations and tasks to complete. One of the fundamental aspects to address is the preparation of employment contracts. These agreements serve as the foundation of employer-employee...
Business Formation And Planning
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....
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...
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...
The basic elements of a business plan
All aspiring entrepreneurs in New York must have a business plan in mind when beginning a new startup. This can apply with a single business or for those with the potential for multiple operations in the future. Most consultants will advise clients that a good...
Do you need a business lawyer before you start a small business?
Business formation goes beyond writing up a business plan; organizing cash flow statements and balance sheets only begins to scratch the surface. The legal framework of the industry you're in also needs to be accounted for. New York law doesn't require small...
Trademark during the business formation and planning stage
Starting a new business is very exciting and choosing the name, incorporating, and branding are often the keys to success. In New York, deciding to trademark your startup is fundamental during business formation and planning. A trademark guards your business against...
Is a partnership right for you?
If you’re looking to start a business, then you’ve probably got a lot of things on your mind. You might be contemplating where to acquire physical space, which kind of talent you want to secure for key positions, and even what type of marketing strategy you think will...
Do you need a business plan?
Business owners in the Babylon area are hard-working individuals that put their life into their business. They may have built the business themselves or are continuing in a family tradition. Regardless of how a person established their business they should understand...