Starting a Nonprofit Organization in New York

Nonprofits 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…

Five Common Employment Law Hazards for Start-Ups

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Five Common Employment Law Hazards for Start-Ups by Michael L. Rosen | Foley Hoag LLP.

A List of Must Have Startup Agreements

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Having 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…

DIY Incorporation Kits by Stephen L. Nelson

I am a big believer in bootstrapping and DIY, especially when it comes to starting a business. One, you don't have much money to waste, and two, knowledge is power.  Thus, before you pay some incorporation service to essentially operate…

NY S Corporations v. LLCs

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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…

What licenses do I need to start an Online Business? [updated April 2012]

An online business is no different from any other business when it comes to licenses and permits.  Depending on the type of business you conduct, online or offline, you may need certain permits and licenses from three different authorities:…

How to use Special Terms in your LLC’s Name

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As you may know, there are naming rules (Section 204 NY limited liability company law) when it comes to choosing a name for your LLC.  Most  names are o.k. if not already taken by somebody else, but some terms are tricky and require…

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…

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…

I am starting a Business – What can I do to minimize Risk and Sleep through the Night?

If you have ever started a business, you know what it is like to wake up in the middle of the night and be worried sick.  Being in business exposes you to a lot of risk.  The key is to plan for risk and minimize it where possible,…