Blog Posts in October, 2014

Selecting the Right Form for Your New York Business

One of the first decisions you must make when starting a business in New York is to determine the legal form of your new venture. This decision is especially critical when you go into business with others. New York law recognizes several business forms, each with their own legal and tax advantages and disadvantages. Here is a brief overview of the common legal forms used by New York businesses. ...

Understanding Promissory Notes and Interest Rate

Financing is a major issue for most businesses, especially during the startup phase. Loans from banks—or even from friends or family members—are a common financing device. If your business does need to borrow money, however, it is essential to properly document the loan through a promissory note. In its simplest form, a promissory note is a written declaration, signed by the borrower, ...