Tips on making your Independent Contractors audit proof
EmployeesI posted the other day about the government's increased efforts to crack down on misclassified independent contractors. "Misclassified independent contractors" are workers who should really be employees of the…
Accept Payments on Your Iphone/Ipad/Android
BlogNot really law related, but, in my mind, pretty big for small businesses everywhere. You can now accept payments from customers by having them swipe their credit card through a little add on plastic thingy that plugs into your iphone,…
Starting a Nonprofit Organization in New York
Starting a BusinessNonprofits are businesses that made it their mission to give away all of their profits to a particular cause, rather than enrich the owners of the business.
Starting a nonprofit organization is in many ways like starting any other small…
Saving Money on the LLC Publication in New York City
Limited Liability CompaniesI guess there are two ways how you could save on that unfortunate LLC publication requirement in New York, which will easily set you back $700-1000 in New York City. (If you don't know what that is, look at "Taking Care of the LLC Publication…
Five Common Employment Law Hazards for Start-Ups
Employees, Starting a BusinessFive Common Employment Law Hazards for Start-Ups by Michael L. Rosen | Foley Hoag LLP.
Sales Tax Issues for IT Support Service Businesses
BlogAccording to an advisory opinion by the New York State Department of Taxation, the bulk of what the typical IT Support Business sells to its clients is NOT due to sales tax. But read the fine print in this opinion for some items that…
New York LLC Operating Agreements: Management Provisions
Limited Liability CompaniesAn Operating Agreement is a key document for a New York Limited Liability Company that has more than one owner (the owners are "Members" in LLC terminology). If a Company was like a marriage, the Operating Agreement would be like a…
Is your Independent Contractor really an Employee?
EmployeesThis question becomes more important, as New York and the federal Government are increasing their enforcement actions to root out employers who misclassify their workers as independent contractors. Don't wait with an answer until the Task…
EBITDA – say what?
BlogThis video is priceless and exactly what most people need to understand this ubiquitous term: EBITDA (i.e. Earnings before Interest, Taxes, Depreciation and Amortization). As a business lawyer, I encounter this term…
A List of Must Have Startup Agreements
Business Contracts, Starting a BusinessHaving all the right kind of contracts in place at the beginning of a business venture manages expectations and prevents conflicts with your business partners, customers, vendors, lessors...you get the idea.
Thus, I present you with…