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...
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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...
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...
IRS releases new rules on foreign tax credits
Americans now have to catalog the various foreign taxes and decide themselves if a foreign tax credit, or FTC, is available for their situation. The new regulations limit the creditability of particular extraterritorial taxes for people in New York and other states....
Concerns for commercial real estate investors
Purchasing commercial real estate or investing in property remains a popular way to build wealth. New York state will doubtfully run short of commercial real estate opportunities, and many investors will continue to explore their options. Investing frequently benefits...
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...