Business Formation Law in New York
Business formation is a necessary step when opening a business and makes the business a distinct legal entity. There are four main types of business formation options: Limited Liability Company (LLC), partnership, sole proprietorship, and corporation. Learn more about your options in New York.
PLLCs (Professional Service Limited Liability Companies) are a popular choice for professionals in New York wishing to conduct business.Read more
One of the most common forms of conducting business in New York is through a Limited Liability Company (LLC). This short article will cover some of the basic features of setting up a New York LLC. In New York one of the most common forms of entity for operating a business is a Limited Liability Company (commonly known as an LLC). Depending on the circumstances it may be an appropriate entity to choose when establishing a business or other undertaking in New York State.Read more
"Introduction Limited liability companies offer investors and business owners a new alternative for doing business. Although limited liability companies have existed in some states for more than ten years, they did not become popular until the Internal Revenue Service began to tax them as partnerships rather than as corporations. Limited liability companies provide the limited liability of corporations without many of the corporate formalities."Read more
Whether you are a company looking to raise financing or a potential investor, make sure you understand the important concepts that you will invariably be confronted with in a venture capital transaction. Even if your business is not at the juncture of raising financing, understanding the key terms now will help you start to position the company for an eventual financing round down the road. This Article provides an overview of some of the important terms in a venture deal.Read more