New Business Law Blog in New York

Posted by on Mar 13, 2007 in Blog | 1 comment

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.

Read More

How to convert an LLC into a Corporation

Posted by on Mar 12, 2007 in Limited Liability Companies | 6 comments

There are times in the life of a business when one business form has to be converted into another.  For example, a startup may have initially decided to form an LLC in order to pass through the LLC’s losses to the owners’ tax returns, thereby allowing them to deduct such losses from their other non business related income.  Now the startup is seeking venture capital...

Read More

Buying out a Business Partner

Posted by on Mar 11, 2007 in Buying/Selling a Business | 4 comments

Wesley Deaton, a North Carolina Business Lawyer, wrote two good posts on his Business Law Blog on buying out a business partner.  He recommends the following: 1. Get mutual releases 2. Get a release of company liabilities 3. Put the proper corporate filings into place 4. Plan ahead for a possible buy-out Read:  Buying out a Business Partner, Part 1        ...

Read More

File your W-2s and Wage Reports Online

Posted by on Mar 11, 2007 in Employees | 1 comment

I’m back from a mini blogging break having to do with a lot of work, taxes and other miserable paperwork that needed to get done.  One thing I learned is that you can file your W-2s and wage reports for your employees with the Social Security Administration conveniently online. It is free and as an added bonus, if you file your wage report online, it extends your deadline from February...

Read More

Do I have to repeat the LLC Publication if I change the Name of the LLC?

Posted by on Mar 1, 2007 in Limited Liability Companies | 0 comments

A reader asked this question in response to my post: Taking Care of the LLC Publication Requirement: "I was hoping you could illuminate something for your readers. If a business were to file a pub requirement under one name (i.e. Acme, LLC.) but then decided that they wanted a different name and started a DBA name (i.e. Taylor Capital) would another NYS publication requirement need to be...

Read More

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

Posted by on Mar 1, 2007 in Starting a Business | 1 comment

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, so that you can find the sleep you need to succeed. Here are the ten most common strategies to minimize risk when operating a business: 1.  Forming a...

Read More