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Limited liability company structures give you the benefits of a partnership and sole proprietorship, such as pass-through taxes and no board requirements, but protect your personal assets similar to a corporation. They are easy and inexpensive to create as well....
Property owners and managers have a legal responsibility to protect their employees, tenants and visitors from accidents and injury. Common accidents on commercial properties include slip and falls, inadequate security and hazardous conditions. 1. Slip and fall...
After what might be months of planning, preparation and negotiation, signing a commercial lease is one of the final steps before you can open the doors of your new business. Keep in mind, though, that it always pays off to carefully read the terms of your lease before...
When launching a new business or opening a new location, compliance with local regulations is essential. Failing to comply can lead to disputes with neighboring property owners and your local zoning board. Zoning disputes can be time-consuming, costly and disruptive...
As an entrepreneur looking to establish a business in New York, you may weigh your options and try to pick a business structure type that offers the biggest benefits in terms of tax implications, ease of operations and so on. Along the way, you may consider...
Many business ideas begin informally. Whether it is a few friends in the garage or someone who becomes a mentor along the way, you might not start your company with a written agreement. Creating a formal partnership may seem unnecessary, especially when you have a...
Whether you have a small corporation or a mid to large-sized one, you need a well-crafted, thorough and air-tight shareholder agreement in place. It’s not a legal requirement, but having a shareholder agreement can help your company to avoid many challenges and...
You and your business partners have worked tirelessly to build your company from the ground up. After all your years of sacrifice, you don’t want the fruits of your labor to dissipate and to be of no good to your loved ones once you’re no longer around. How can you...
On the bright side of things, your business succeeded. You and your business partner had a firm understanding of the risks and the markets along with an overabundance of dedication, energy and investment. But, now, you have been taken by mild surprise. The signs were...
