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...
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...
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...
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....
There are certain types of taxes to pay during and after a successful merger or acquisition in New York. The amount of taxes that must be paid has a significant impact on the merger's outcome. A taxable merger A taxable merger requires that either or both sides pay...
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....
Before a sale transaction takes place, due diligence confirms all relevant facts and financial information through the process of verification, audit or investigation of a potential investment opportunity or deal. Due process is important during a mergers and...
If a business in New York is in financial trouble, the owner has several bankruptcy options. Many businesses choose Chapter 7, which is a liquidation, or Chapter 13, which is a repayment plan. However, businesses that exceed the debt threshold may consider Chapter 11....
Selling a business in New York and transferring its assets can be a difficult process for any owner. You have to consider how to continue your company's legacy. Here are a few suggestions to help you obtain the most benefits from your business succession planning....
In New York, an IRS corporate audit is required to review the accuracy of a business's financial activities. This includes a detailed review of tax returns and accounting documents that accumulated over the past several years. There are several methods recommended to...