Keeping your LLCs separate

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…

Hiring Employees in New York – Surviving the Paperwork

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…

Professionals starting a Corporation or Limited Liability Company in New York

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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…

Can a Limited Liability Company issue Share Certificates?

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…

New Phone Tools all over the Place

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…

NextNY Blog

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,…

Incoming Google Search: is it legal to sign a contract as an LLC that is not yet formed?

I guess it isn't illegal, unless you think doing something stupid should be illegal. But I can see how this can happen.  You are presented with the perfect business opportunity and are pressured to enter into a contract.  You know…

I think I pierced my Corporate Veil – Is this Fatal?

Don't go to the emergency room yet.  Your awareness of something going awry in your corporation maybe the first step to recovery. First off, you can't really "pierce" your own corporate veil.  "Piercing the corporate…

An Artist goes into Business

A reader of my blog had the following questions which I am happy to address in a legal information kind of way.  (Disclaimer: This is not legal advice, nor is there an attorney-client relationship between me and the reader or anybody else…

New Business Law Blog in New York

There is a new business law blog in New York, "Business Partnership Central" by Paltrowitz and Kaufman LLP officially launched on February 28.  Welcome to the New York blogging neighborhood.