LLC v. S-corp

, ,
The first question for every small business owner who decided to form an entity?  LLC or S corp?  Which one is better for me? Let's face it, most people would chose the entity that leaves more money in their pocket.  So let's compare the…

What Rules apply to an LLC without an Operating Agreement?

,
Many if not most small business limited liability companies with two or more members do not have an operating agreement.  An operating agreement is the document for an LLC that provides for rules and provisions regarding the management of the…

Show me the Money – Access to LLC Books, Records and Accounting

,
Picture this: You've been happily doing business with your fellow LLC members for some time now.  But now trouble is brewing on the horizon.  The other two members are ganging up on you and exclude you from any further business dealings.  When…

Out Voting Minority LLC Members

,
How do you out-vote or overrule a minority LLC Member?  It is fairly easy, thanks to the LLC laws in effect in New York.  This is assuming, of course, that your LLC operating agreement doesn't provide something else.  But since so many LLC's…

Keeping Records for your LLC

,
This may come as a surprise to many LLC members and managers:  keeping certain records is required under the LLC laws.  You have an obligation to keep proper records under §1102 of the New York Limited Liability Company Laws. Specifically,…

LLC Operating Agreements

, ,
Everything you need to know about the LLC Operating Agreement, explained by New York Small Business Lawyer, Imke Ratschko

Small Business Partnerships -Protecting your Minority Stake

, ,
You do not have to rely on the goodness of human kind alone, when going into business with other people.  There are legal (agreements) and practical measures (business common sense)  that you can take to make sure that your business…

New York LLC Formation

, ,
Let us help you with  your New York LLC Formation!  Call us to discuss your legal concerns and any other questions you may have about the process of forming a New York Limited Liability Company.  We are not a paralegal service where you don't…

All you Need to Know About: The LLC Operating Agreement

, ,
The LLC Operating Agreement is a key document for a business organized as a New York Limited Liability Company, especially if that business has more than one owner (the owners are "Members" in LLC terminology). If an LLC business was like a…

Buy Sell Provisions in an LLC Operating Agreement

While many LLC Operating Agreements are silent on this point, it is a good idea to include so called Buy Sell provisions in the LLC Operating Agreement. Buy Sell provisions set forth what is going to happen when an LLC Member wants to leave…