Why Does a Small Corporation Need to Keep Minutes?
Corporate minutes are a reflection of the decisions of the Board of Directors. Even more importantly, corporate minutes are an indication that formalities of the corporation are being kept. If involved in a lawsuit, one way an attorney will attempt to reach personal assets of the officers [...]
When your business succession planning involves family, a whole new set of variables need to be thought about.
In some ways, it is easier when you have family to leave your business to, in other ways it can be way more difficult as you add family dynamics to the mix
First of all, some statistics: according to [...]
This past month, I have had numerous Long Island clients calling me and asking me to fix their corporations and LLC’s that they ordered and paid for online. It seems that these online documents come complete with any number of their forms left blank. I have seen two this week where the first page of [...]
If you are just starting a small business or have a sole proprietorship, you have probably thought about and received advice about either incorporating or forming a limited liability company (LLC).
What protections do these business entities actually offer to the small business owner?
The Promise
You have probably heard that by incorporating or forming an LLC, you, [...]
In order to form a Limited Liability Company (LLC) in New York, the LLC must first choose an available business name, the county in which your LLC will be located, and prepare and file Articles of Organization with the Department of State along with a check for $200. However, if you do not take the [...]
Although the plethora of inexpensive online incorporation and LLC formation services would have you believe that all you need to do to incorporate your small business is fill out a simple form, pay a few dollars, and voila! your business is incorporated, this is even less true if you have already been running your business [...]
If your business is located in Nassau or Suffolk County, Long Island, New York, there are four (4) main types of business structures to choose from:
Sole proprietorship: In both Nassau and Suffolk Counties, a business that is operating as a sole proprietorship must register with the County Clerk in the county in which it is [...]
