So, your commercial lease is coming due and you are considering staying put and signing a lease renewal with the landlord. Before you have the lease drafted, think about the concessions you’ll want from the landlord in return for signing on for more years. It’s all about negotiating the best deal you can possibly get from the landlord!

Finding commercial office space can be quite a challenge. While there’s certainly real estate available, finding the right office space that satisfies your business needs, fits your business vibe, is conveniently located, offers your business the flexibility to grow and which falls within your budget doesn’t necessarily come easy.

Many companies keep physical company checks on hand for their business. However, with payment options like ACH, wires and online bill pay through your financial institution and a variety of other electronic payment options, is it necessary to have physical company checks?

A limited liability company (LLC) with two or more members is defaultly treated as a Partnership for tax purposes.

If you’ve decided to operate a business as yourself without forming a separate legal business entity, you might be thinking … well, the money flows right into my personal account so that’s how I get paid … while that’s certainly true, it’s not the ideal way to operate as a sole proprietor.

When you form a new business, you will amass a collection of different business formation documents. Be sure to store the original documents in a safe place and keep copies so you have the documents readily available.

As a business owner, you undoubtedly will need to deal with contracts and agreements.

CPAs and legal counsel provide important guidance, make key recommendations and advise you on pertinent related matters, respectively. However, they do not and cannot make the decisions for you! As a business owner, you are the ultimate decision-maker!

The tone, culture and atmosphere of your business or company starts at the top with YOU, the business owner.

More and more products and services are moving towards subscription-based models. For businesses, it’s important to carefully track and periodically review all your subscription-based products and services to ensure those subscriptions align with your current business needs. There’s no reason to throw money into a black hole!

If you form a Limited Liability Company (LLC) which has elected to be taxed as a sub-chapter S or S-Corp or you form a corporation which has elected to be taxed as a sub-chapter S or S-Corp at the federal level, keep in mind the following as it relates to New York.

When starting a new business, small business owners need to consider the type of business entity to form.

Did you know New York is one of three states that has an LLC Publication Requirement?

Avoid co-mingling personal & business income and expenses or risk piercing the corporate veil.