Imke Ratschko Since this is tax season, you might be interested in this resource I just found on the website of the Internal Revenue Service (aka the "Tax Man"): Welcome to the Small Business/Self-Employed Virtual Small Business Tax Workshop. This extensive workshop is designed to help new and existing small business owners understand and meet their federal … Read More
This comes as a surprise to some people: In New York, unless there is a special law that states otherwise, you can become bound by a contract, even though you have not actually signed it. As long as you have somehow shown that you agree to the terms of the contract, you can be on … Read More
I get this search term a lot: "Registering a Small Business." People seem to think that they need to register something somewhere in order to conduct business. Well, yes and no. You can start doing business under your own name by just by doing it. You are considered a sole proprietor running a sole proprietorship. … Read More
The New Jersey Law Blog sheds light on the differences between limited liability companies, S corporations and just plain old corporations (i.e. C corporations) and the reasons why corporations are still the entity of choice in some situations. What they have to say is just as true for New York businesses: Several LLC limitations have … Read More
Divorcing from your business partners in a limited liability company can be just as nerve-racking, costly and life/business interrupting as divorcing your spouse. What is worse, if you failed to plan for an exit strategy in an operating agreement, you could be unsuccessful and be stuck with the LLC for good. Peter Mahler, a partner … Read More
Rumor has it that somebody should be fired at Google Germany, because he or she forgot to renew Google’s domain name. Apparently, when you go to google.de (from a German location) you get a parked host site. Let that be a lesson to you and put in place an ironclad policy regarding your most important … Read More
….keeping control by restricting the transfer of shares. You, your best friend Jane and Jane’s cousin opened a store and online business selling luxury pet supplies under various brand names. You run the business through a New York corporation. Each of you has equal ownership in the corporation. Everything goes well, your products get mentioned … Read More
