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How Can Business Owners Protect Their Personal Assets from Business Liabilities?

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How Can Business Owners Protect Their Personal Assets from Business Liabilities?

How Can I Structure My Business to Safeguard Personal Assets? Protecting what you own is a top priority for any business owner. The right business structure offers a crucial shield for your personal assets. A sole proprietorship, while simple, offers no separation between you and your business. If the business incurs debt or faces a […]

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What Are the Legal Steps for Converting a Sole Proprietorship to an LLC?

How Do I Begin the Conversion From Sole Proprietorship to LLC? Shifting your business structure from a sole proprietorship to a Limited Liability Company (LLC) in the bustling city of New York demands a multi-step approach. Choosing a Name and Filing Articles of Organization First, pinpoint a distinctive name for your LLC, adhering to New

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How Can You Legally Terminate an Employee Without Risking a Lawsuit?

Letting someone go is never easy, even when it’s clearly the right decision for your business. However, firing an employee doesn’t just affect the workplace dynamic or productivity. If it’s not handled carefully and within legal boundaries, it can turn into a full-blown lawsuit that costs your company time, money, and reputation. Wrongful termination claims

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What Are the Key Employment Law Requirements for Small Business Owners?

Compliance Essentials for New York Small Business Employers Running a small business in New York comes with unique legal responsibilities, especially regarding employment compliance. From hiring your first employee to handling payroll and ensuring proper workplace conduct, small business owners must navigate a broad range of federal and state employment laws. Overlooking even minor compliance

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What Legal Structure is Best for Your Small Business: LLC vs. S Corp?

What is an LLC and S Corp? A limited liability company, or LLC, is a business structure that is taxed like a partnership or sole proprietorship. Taxes are reported on the owner’s personal tax returns. Additionally, business liabilities belong to the business and not to the owner.  An S corporation, or S corp, is a

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What Legal Challenges Do Businesses Face in E-Commerce Operations?

E-Commerce Business Challenges in New York E-commerce has revolutionized business operations, providing avenues for growth that were once unimaginable. As companies increasingly move online, they face a myriad of legal challenges unique to digital commerce. It is essential for business owners to understand these challenges to ensure they operate within the law, protect their interests,

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How Does New York Law Address Fair Compensation and Equity in Businesses?

How Fair Compensation and Equity is Addressed in New York Law Fair compensation and equity are crucial components of a just business environment. In New York, the legal landscape surrounding these concepts is designed to ensure that employees, businesses, and consumers are treated fairly. Understanding how these laws function can help both employees and employers

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What Are the Implications of Non-Compete Clauses in Employment Contracts?

Have You Landed a New Job? Congratulations! There are few things in life that are as exciting as getting a new job. You’re already daydreaming about where those paychecks are going to go. Getting caught up on your bills will feel so liberating, and maybe you’ll have enough left for that long overdue trip. There

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