withdrawal from LLC

Can I withdraw from a New York LLC? Clients are often confused when they see this provision in their operating agreement: A Member may not withdraw from the LLC prior to the dissolution and winding up of the LLC. Or this provision: A Member may withdraw from the Company in accordance with the New York […]

Can I get out of that Contract?

You may have signed a contract for your small business that you really shouldn’t have.  Or you are being asked to perform under an agreement and think that such demand is not what you agreed to or just grossly unfair.   So you ask yourself, “can I get out of that contract?” What does your Contract […]

new york choice of law and forum provisions

I don’t need to tell you that New York lies at the center of the universe.  But did you know that you can be a part of it by choosing New York law to govern your business contracts and New York courts to decide upon any conflicts arising from your business contracts, even if the […]

Subscription agreement automatic renewal clauses seem to be all the rage because it ties your customer to your business and your services or goods.  Raise your hand if you have no more overview of who and what charges you automatically on a monthly basis.  Businesses have the chance for repeat income without much more input […]

access books records

I wrote before about getting access to the books and records of an LLC.  The same scenario can happen if you are a shareholder in a corporation.  The corporation cannot deny you access to its books and records. Access to Corporation’s Books and Records You ask the Corporation for financial information and other documents and […]

Keeping Records for your LLC

This may come as a surprise to many LLC members and managers:  Keeping records for your LLC is required under the New York LLC laws.  You have an obligation to keep proper records under §1102 of the New York Limited Liability Company Laws. What Records must be kept in an LLC Specifically, you must maintain […]