Author name: Fisher Stone, P.C

As a New York real estate attorney and investor, I am asked “Should I hold my real estate investment or rental property in a Limited Liability Company (LLC)”? Yes, you should be putting your real estate in an LLC. Anyone researching this may run into terms like rental property or investment property, which are usually […]

When purchasing a single-family, multi-family home, or condominium you MUST account for your closing costs, in addition to your down payment and reserves. Here is a breakdown closing costs and how much they are. How Much Are Closing Costs? A real estate buyer should be ready to pay additional closing costs upwards of 2-5% of

Which makes more sense for you? Entrepreneurs launching their business often run into problems trying to pick an entity that best suits their business or start-up. We have encountered many people who can’t differentiate from S-Corps and LLCs, because they are similar in a lot of key ways. The main difference between the two is

When entrepreneurs and new business owners begin to establish their company infrastructures, the question of whether or not to hire a registered agent eventually comes up. But what is a registered agent, and why should you consider using one? Registered agents are third-party representatives of your business who are entitled to receive legal documentation and

You have a mind-blowing idea for a New York City business, but you don’t know the first steps to take in how to make it happen. I keep hearing about LLCs, should I start one? How do I know if an LLC is right for me anyway? An LLC is a type of business type

The American Dream is one of the many concepts that make the United States of America one of the most opportunistic countries in the world. It’s been this way since the dawn of the industrial revolution where free thinkers and inventors were given the opportunity to have their innovations funded and grown by the incentives

Buying a home is an intricate process from start to finish. Locating an agent, determining budget limitations, competing with other buyers, and several other issues can complicate the buying process and delay move-in dates. Even more worrisome are title issues, which can delay the purchase transaction and cause many headaches for home buyers. Below are

A decade ago foreign entrepreneurs with no ties to the U.S. could open a bank account for their corporation via an e-mail. Opening an American bank account made doing business in the U.S. more convenient and avoided the hassle of foreign currency exchange. It was a simple process that did not require an extensive background

Most entrepreneurs don’t have a team of in-house lawyers constantly around to help make every decision. Just as entrepreneurs need to know the basics of accounting and marketing, they also need to understand the basics of business law to avoid the penalties and potential failure that follows costly litigation. This doesn’t mean you have to