Startups

FAQ: The Asset Purchase Process

Many people start businesses by purchasing an existing business. Most business acquisitions are effectuate through an asset purchase. Here, we discuss the process for any asset purchase agreement. Step 1: Draft/finalize/negotiate the Purchase Agreement . You want to ensure that the Purchase Agreement contains the appropriate provisions that pertain to your specific transaction. For instance, […]

FAQ’s: Forming a PLLC in New York

The following outlines the various processes and costs for creating a PLLC in New York: File Articles of Organization with the NY Department of State. Filing fee $235 Obtain required consent from the New York Department of Education. Filing Fee $110. NOTE: The name must include the profession, name and or/location. Anything outside those rules […]

FAQ’s: Forming a Corporation

  The Process To form a Corporation one files a Certificate of Incorporation with the Department of State. The filing fee for filing the Articles or Organization is $125 plus a $25 expediting fee. The firm’s legal fee to prepare and file the Articles of Organization is $150. This fee includes obtaining your new company’s […]

FAQ’s: Forming an LLC

The Process: To form an LLC one files Articles of Organization with the Department of State. The filing fee for filing the Articles or Organization is $200 plus a $25 expediting fee. The firm’s legal fee to prepare and file the Articles of Organization is $150. This fee includes obtaining your new company’s tax identification […]

6 Biggest Mistakes Entrepreneurs Make

The motivation for starting a small business can vary greatly. For some it is about escaping corporate life, for others it is about maximizing income, and yet for others it’s about a more creative expression. Whatever the reasons for starting a business there are certain truths I’ve come to understand that effect all startups across […]