Some people are very concerned about their privacy and don’t want the public to be able to determine their ownership of a New York Limited Liability Company. No worry, this can be arranged and nobody needs to know who is the owner of a New York Limited Liability Company. The only document that is filed […]
Do you have to date a written contract? No. You should date the contract as a matter of fact, but if you don't, you still have a valid and enforceable contract. Can you predate or postdate a contract? Yes. If you do so, by stating something like "agreement between x and y, dated as of […]
Filing a certificate of incorporation in New York is the beginning point of a corporation (or articles of incorporation in Delaware). Unfortunately, this is where it often ends for many small business owners. Too many neglect the additional paperwork that is needed to keep the corporate house in order and keep the corporate shield of limited […]
I don't need to tell you that getting paid by your customers for whatever your small business is offering for sale should be your number one concern. Here are some pointers for handling this most important aspect of your small business. Prevention, Prevention, Prevention Ask for money in advance, whenever possible. Ask for periodic advance […]
When you are a one person business, i.e. you are to be the only owner of your business, the question invariably arises: sole proprietorship or single member LLC? You are a sole proprietorship, as soon as you begin doing business. There is no filing, no certificate, not even an EIN is required (unless you have […]
Excluding any service fees paid to an attorney (see here for my very reasonable package), the approximate* costs are as follows: New York County (aka Manhattan): $1560 Kings County: $960 Nassau County: $960 Richmond County: $1010 Westchester County: $710 Bronx County: $1360 *approximate, because the total amount depends on the cost of publication which […]
Some people seem to suggest that it is always better to form a multi member LLC (more than one owner), rather than a single member LLC. These people base their opinion on the fact that the so called charging order protection may not be available in a single member LLC. What is a Charging […]
…do not make a match formed in heaven. New York City does not recognize s-corporations and makes all s corporations liable for its General Corporation Tax to the tune of 8.85%. Thus, in NYC, an LLC is often the better and more tax friendly alternative for new business owners. If it weren’t for the costly publication […]
There is a movement underway to get rid of the costly and burdensome New York LLC publication requirement. Click here to lend your support to free New York of this burdensome and costly LLC publication requirement. In the meantime, if you wish to fulfill your publication requirement, I created a page that tells you how […]
I get many calls asking me whether I handle the LLC Publication. I would, but truthfully, you don’t need a lawyer for that. Here is how to do it: 1. Locate your LLC’s “filing receipt” If you don’t have your filing receipt, ask the person or company that formed your LLC. The Department of State […]