Dissolving a Mistake LLC

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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…

New York City’s Minority/Women Owned Business Enterprise Program – Has it helped your Business?

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…

Naming your Business – Legal Issues to Consider

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…

What happens if I don’t file newspaper ads for my LLC?

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…

New Entrepreneur Blog on the Block: Ask the VC

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,…

Taking Care of the LLC Publication Requirement

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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). …

Don’t get Roles mixed up when signing for a Business Entity (plus case in point)

When signing for a business entity, such as a corporation or limited liability company, an officer's signing capacities can get confusing.  Is she signing on behalf of the entity only, or in her personal capacity and on behalf of the entity? Check…

CORI K-Base Contract Research Expands

In one of my previous posts I mentioned  Cori K-Base, the resource for free contract forms and research sponsored by the University of Missouri.  I just received an e-mail from them informing me that they have made some major improvements:"First,…

Resources for low cost or free Form Business Contracts

I've posted on web resources for form contracts before; however, this is supposed to be a comprehensive list. First the Disclaimers: There is no assurance that any agreement that was not drafted for you and your individual circumstances is worth…

Making Fun of Lawyers

Via A VC, I learned of this video making fun of lawyers.  While it is obviously a joke, it does illustrate one job of lawyers, especially lawyers in business transactions:  we are intermediaries for our clients and help them staying…