Entries by Imke Ratschko

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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 tax costs and startup costs of these two entities.  This assumes that the […]

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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 go without operating agreements (against my advice), let’s look at the requirements […]

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Choosing between an S Corporation and an LLC

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 friendly tax treatment. But which entity is right for your small business? The following are […]

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Small Business Guide on Hiring Employees

Hiring employees is a big step for any small business.  Doing it right and complying with all state and federal laws and regulations is no small task and should be taken seriously. Here are the main items to cross of your checklist: Hiring without Violating any Laws The recruiting, interviewing and hiring process alone is […]