Comments for Long Island Small Business Law Blog http://longislandbusinesslawyer.com Published By Ellen A. Victor, Esq. Mon, 18 Apr 2011 12:21:44 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Small Businesses Need Minutes of Meetings by New York Business Structures | Food and Agriculture Law Blog http://longislandbusinesslawyer.com/business-entities/small-businesses-need-minutes-of-meetings/comment-page-1/#comment-1864 New York Business Structures | Food and Agriculture Law Blog Mon, 18 Apr 2011 12:21:44 +0000 http://longislandbusinesslawyer.com/?p=232#comment-1864 [...] 2.  Corporation. A corporation is formed in New York by filing a Certificate of Incorporation with the NYS Department of State.  There are two types of corporations for tax purposes:   C corporations and S corporations.  I highly suggest speaking to your accounting before making the determination on whether you want to be taxed under Subchapter C or Subchapter S of the Internal Revenue Code (“IRC”).  Individual shareholders will not be held personally liable for the debt of the corporation unless the “corporate shield” can be pierced.  (More on that issue in another post).  In order to retain this shield from personal liability, corporations must adhere to corporate formalities (e.g., minutes of shareholder and Board of Director meetings). [...] [...] 2.  Corporation. A corporation is formed in New York by filing a Certificate of Incorporation with the NYS Department of State.  There are two types of corporations for tax purposes:   C corporations and S corporations.  I highly suggest speaking to your accounting before making the determination on whether you want to be taxed under Subchapter C or Subchapter S of the Internal Revenue Code (“IRC”).  Individual shareholders will not be held personally liable for the debt of the corporation unless the “corporate shield” can be pierced.  (More on that issue in another post).  In order to retain this shield from personal liability, corporations must adhere to corporate formalities (e.g., minutes of shareholder and Board of Director meetings). [...]

]]> Comment on New York Religious Corporations Law by Ellen Victor http://longislandbusinesslawyer.com/not-for-profit/new-york-religious-corporations-law/comment-page-1/#comment-1168 Ellen Victor Fri, 10 Dec 2010 04:13:26 +0000 http://longislandbusinesslawyer.com/?p=229#comment-1168 You may need to get the approval of both the Attorney General and a court in order to refinance your mortgage. Certain religious corporations are exempt from needing the Attorney General's approval. Certain religious corporations need approval from the governing church prior to obtaining a mortgage. You may also need approval from New York's Supreme Court prior to obtaining or refinancing your mortgage. You may need to get the approval of both the Attorney General and a court in order to refinance your mortgage. Certain religious corporations are exempt from needing the Attorney General’s approval. Certain religious corporations need approval from the governing church prior to obtaining a mortgage. You may also need approval from New York’s Supreme Court prior to obtaining or refinancing your mortgage.

]]> Comment on New York Religious Corporations Law by Simon http://longislandbusinesslawyer.com/not-for-profit/new-york-religious-corporations-law/comment-page-1/#comment-1162 Simon Thu, 09 Dec 2010 16:40:19 +0000 http://longislandbusinesslawyer.com/?p=229#comment-1162 We have a church building which we are refinancing to get additional amount of money to purchase a parsonage. Are we supposed to get any sort of County/State approval for this process. We have a church building which we are refinancing to get additional amount of money to purchase a parsonage. Are we supposed to get any sort of County/State approval for this process.

]]> Comment on Don’t Sign a Contract without Understanding What You’re Agreeing To by A Handshake Just Won’t Cut It | Food and Agriculture Law Blog http://longislandbusinesslawyer.com/attorney-client-relationship/dont-sign-a-contract-without-understanding-what-youre-agreeing-to/comment-page-1/#comment-736 A Handshake Just Won’t Cut It | Food and Agriculture Law Blog Sun, 22 Aug 2010 19:47:41 +0000 http://longislandbusinesslawyer.com/?p=96#comment-736 [...] transaction is with a trusted friend.  Ellen Victor, a small business lawyer on Long Island, wrote this great blog about being cautious to sign “boilerplate” contracts without reviewing the [...] [...] transaction is with a trusted friend.  Ellen Victor, a small business lawyer on Long Island, wrote this great blog about being cautious to sign “boilerplate” contracts without reviewing the [...]

]]> Comment on Overpromising? “Limited” Liability and Small Business by Noteworthy. . . | Food and Agriculture Law Blog http://longislandbusinesslawyer.com/business-entities/overpromising-%e2%80%9climited%e2%80%9d-liability-and-small-business/comment-page-1/#comment-733 Noteworthy. . . | Food and Agriculture Law Blog Sat, 21 Aug 2010 20:53:05 +0000 http://longislandbusinesslawyer.com/?p=166#comment-733 [...] Are you considering incorporating your farm or agribusiness?  Read this [...] [...] Are you considering incorporating your farm or agribusiness?  Read this [...]

]]> Comment on Free Tax Calendar for Small Businesses by Tuesday Links | Food and Agriculture Law Blog http://longislandbusinesslawyer.com/small-business/free-tax-calendar-for-small-businesses/comment-page-1/#comment-732 Tuesday Links | Food and Agriculture Law Blog Sat, 21 Aug 2010 19:54:08 +0000 http://longislandbusinesslawyer.com/?p=191#comment-732 [...] for small business owners.  Also, small agribusiness owners should not forget to get their free calendar from the Internal Revenue Service (“IRS”). :adverse possession, agri-businesses, agriculture biotechnology, American [...] [...] for small business owners.  Also, small agribusiness owners should not forget to get their free calendar from the Internal Revenue Service (“IRS”). :adverse possession, agri-businesses, agriculture biotechnology, American [...]

]]> Comment on NY LLC Publication Requirements are a Burden for Small Businesses by Glenn http://longislandbusinesslawyer.com/business-entities/ny-llc-publication-requirements-are-a-burden-for-small-businesses/comment-page-1/#comment-672 Glenn Sun, 01 Aug 2010 14:29:16 +0000 http://longislandbusinesslawyer.com/?p=82#comment-672 There is a bill pending before the state legislature and senate to change the publishing requirement. The publishing requirement in New York County costs over $700!!! but the proposed bill has it costing only $50. Why should the New York Law Journal (a print publication) profit from this? The url below is a petition to change the publishing requirements: You can lend your support by going to it and signing it http://nytm.org/why-2k/ In addtion, why not just put the published llc notices on a web site and allow the state to bid out the maintenance and running of the web site? You don't need a newspaper to do that. There is a bill pending before the state legislature and senate to change the publishing requirement. The publishing requirement in New York County costs over $700!!! but the proposed bill has it costing only $50. Why should the New York Law Journal (a print publication) profit from this? The url below is a petition to change the publishing requirements: You can lend your support by going to it and signing it

http://nytm.org/why-2k/

In addtion, why not just put the published llc notices on a web site and allow the state to bid out the maintenance and running of the web site? You don’t need a newspaper to do that.

]]> Comment on NY LLC Publication Requirements are a Burden for Small Businesses by Ellen Victor http://longislandbusinesslawyer.com/business-entities/ny-llc-publication-requirements-are-a-burden-for-small-businesses/comment-page-1/#comment-637 Ellen Victor Thu, 15 Jul 2010 01:30:57 +0000 http://longislandbusinesslawyer.com/?p=82#comment-637 You need to contact the Nassau County clerk for an approved publication. You can find a link on my blogsite www.longislandbusinesslawyer.com. You need to contact the Nassau County clerk for an approved publication. You can find a link on my blogsite http://www.longislandbusinesslawyer.com.

]]> Comment on NY LLC Publication Requirements are a Burden for Small Businesses by Jane Eliss http://longislandbusinesslawyer.com/business-entities/ny-llc-publication-requirements-are-a-burden-for-small-businesses/comment-page-1/#comment-635 Jane Eliss Wed, 14 Jul 2010 00:29:22 +0000 http://longislandbusinesslawyer.com/?p=82#comment-635 I am in the process of forming an LLC and am interested in working with a publishing company to complete this ridiculous requirement. Can you recommend a publishing company in Nassau County? I am in the process of forming an LLC and am interested in working with a publishing company to complete this ridiculous requirement. Can you recommend a publishing company in Nassau County?

]]> Comment on Insurance Needs of the Sole Proprietor by Robert Buckingham http://longislandbusinesslawyer.com/small-business/insurance-needs-of-the-sole-proprietor/comment-page-1/#comment-523 Robert Buckingham Fri, 04 Jun 2010 02:41:17 +0000 http://longislandbusinesslawyer.com/?p=120#comment-523 What type of insurance is required if you are a sole proprietor without any employees? What type of insurance is required if you are a sole proprietor without any employees?

]]>