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 [...]
Once you’re past the startup phase of your small business, it is time to start thinking about your business succession plan. If you are years from retirement, this may be the last item on your to-do list. You surely have enough to do in your daily operations without building in time to work on the [...]
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 [...]
