California business attorney Nina Yablok put an incorporation service to the test and has good reasons for not recommending their services to startup businesses: corporate services – almost a scam. Another almost scam on new businesses in New York by web incorporation services: Talking them into a registered agent for an annual fee. New York […]
From KillerStartups.com: Submit your startup, vote, leave comments, contact startups, participate! KillerStartups.com is a user driven internet startups community. It’s intended for entrepreneurs, investors, and bloggers to stay updated on new internet startups.
Rumor has it that somebody should be fired at Google Germany, because he or she forgot to renew Google’s domain name. Apparently, when you go to google.de (from a German location) you get a parked host site. Let that be a lesson to you and put in place an ironclad policy regarding your most important […]
….keeping control by restricting the transfer of shares. You, your best friend Jane and Jane’s cousin opened a store and online business selling luxury pet supplies under various brand names. You run the business through a New York corporation. Each of you has equal ownership in the corporation. Everything goes well, your products get mentioned […]
Let’s say you formed an LLC, because all of your business friends did, but then it turns out it is really not the right form of business entity for you and your fellow founders. You haven’t started doing business with the LLC, the LLC has no assets, no members, and you just want to make […]
New York City has a Minority-Women-Owned-Business-Enterprise Program. According to their website, the benefits of obtaining a certification under the program are that: * Firms are listed in the NYC Online Directory of Certified Businesses, which is accessible to purchasing officers and contracting agencies, as well as private purchasers. Our NYC Online Directory is […]
Good post by Small Business 2.0 on the creative side of choosing a business name: 18 Pithy Insights into Naming your small Business. Here are a few points on the legal aspects of choosing a name for your New York business. First it is helpful to understand that "business name" can mean different things in […]
A reader had this question in response to my post “Taking Care of the LLC Publication Requirement“: If I own an LLC just to protect the company name and I don’t file the newspaper ads, is the only issue that I lose the ability to do business in NY? Yes, if you fail to publish […]
Via Rob Hyndman, I learned about a new blog, Ask the VC. If you are an entrepreneur and have questions that could be answered by a VC, you may want to submit them to the blog. The authors, Brad Feld and Jason Mendelson, hope "that this blog becomes a broadly used informational source on venture […]
Setting up a limited liability company in New York requires you to jump through one additional hoop: Publication of a notice of the LLC formation in two newspapers (See Section 206 of the Limited Liability Company Law for exact legal requirements). Unfortunately, this adds up to $1300 to your formation costs. Forming a foreign LLC […]