It makes sense for religious organizations such as churches, temples, synagogues and other religious nonprofits to form corporations. Incorporating enables the religious organization to enjoy the benefits of limited liability and other attributes of corporate entities. In New York, religious corporations are controlled by both the Religious Corporations Law (RCL) and the New York Not-for-Profit [...]
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, [...]
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 [...]
