Who knows what fair is, anyway. But, under certain circumstances, your terms of use cannot be completely unconscionable. When drafting terms of use for your Website, you are probably inclined to make them as favorable to you as possible, thinking it is a "take it or leave it" proposition. If visitors don’t like your terms […]
Many small business owners end up deciding between a New York S corporation and a New York limited liability company (LLC) when choosing a formal legal structure for their New York business. Both entities offer limited liability and a startup friendly tax treatment. But which entity is right for your small business? The following are […]
Having a web business does not save you from the normal perils of having a brick and mortar business, such as being sued, robbed or getting caught in not complying with the law. In many ways it is more dangerous than having a real life location. You expose your business to millions of users, many […]
Another reader question: "If you start a new LLC, but have web sites or other IP that you want to be “owned” by the new LLC, what needs to be done to make it property of the new LLC?" The property has to be transferred to the new LLC, some say "contributed" to the LLC. […]
Somebody asked me the following question: "If you start a new LLC, but have old business credit cards from a previous (but now closed) LLC, can you use those credit cards with the new business without causing problems?" It is a little bit like asking, "If my grandfather died and left behind some credit cards […]
There is a reason many startups and small businesses try getting away with using independent contractors as long as they can. Hiring employees means a lot of paperwork and added responsibilities, potential liabilities, extra financial burdens and on and on… When you hire a new employee in New York, this is some of the paperwork […]
A professional cannot form a regular corporation or limited liability company to sell his or her professional services. This is well known about lawyers and doctors, but it is also true for nurses, psychologists, and any other profession designated in Title 8 of the education law. These professions have to form a special kind of […]
Yes, but they would typically be called membership certificates or units. In my experience, small businesses rarely issue such membership certificates. Typically, when two or more people form an LLC, they form the entity by filing the necessary paperwork with the Department of State and then enter into an operating agreement between themselves and the […]
If you are a regular reader of Techcrunch and other tech and media blogs, this is probably old news to you. There are a number of cool new phone tools and services that can make life much easier for small businesses and professionals. GrandCentral gives you one phone number that rings all your phones, so […]
NextNY, a group of young (and young at heart) people who have a stake in the future of tech and new media in New York City, revamped their blog. From an announcement: This blog covers NY technology, entrepreneurship, startups, digital media, events, personalities, companies, success stories, and brings together the leading voices of the industry. […]