If you are looking to start a business in New York, you could choose to create a new entity. However, you could also choose to buy a franchise, which means that you would operate using the brand, logo and other intellectual property of an existing brand. Let's take a...
Business & Commercial Law
Negotiating a partnership agreement
Many New York entrepreneurs often have an opportunity to grow their business by forming a partnership with another individual or multiple individuals in certain cases. All business managers are interested in company growth to some level, and partnerships serve as an...
How does the IRS treat an LLC?
There are many different taxing options for people who run businesses. One such example is an LLC, which is short for Limited Liability Corporation. This common organizational structure is used by many small businesses. However, having an LLC can impact your overall...
Sharing profits among partners
When partners go into business with each other, they often bring complementary skills to the table. Sometimes, they bring unequal amounts of money into the picture. In some sectors, it's common for one partner to fund the project and one to provide the sweat equity....