Most bands start because the members enjoy playing music, being musicians, and enjoying time with their bandmates. However, at some point, bands attain a level of success and, at that point, the band members should begin to think of their band as a business. That is the time to incorporate your band and become serious […]
Top Reasons for Incorporating Your Band in New York Read More »
Forming a corporation under New York law is important if you are a musician and/or a performing artist. When formed, corporations come into existence as distinct legal entities separate and apart from their owners. This is true even for corporate entities that are created and owned by a single individual. This “separateness” between the owners
Brief Primer On Forming Corporations in New York Read More »
When you are looking at buying an existing business you need to understand your options. To purchase a business, generally you are given two options, an asset purchase sale or a stock sale. Whether you sign a asset purchase agreement or a stock purchase agreement, each one has it’s own benefits and disadvantages. Therefore, it is important to understand the difference between the two. We will go over asset purchase vs stock purchase sales and the implications of both.
Asset Purchase vs Stock Purchase: Exploring the Ways to Buy a Business Read More »
“Should we form an S corporation (frequently referred to as an “S Corp”) or a limited liability company (“LLC”)?” I am asked at least once a week – and to be perfectly honest… it is a fantastic question that I wish I were asked more often. When entrepreneurs look to form a small business, the decisions of these future business owners can have long lasting effects. One of these decisions is the decision of how to best structure a new business.
An S corporation is a corporation that has received a special designation from the IRS. When making the consideration to start a new business, the S Corp is one of the most common types of business entities. While an S Corporation is a fantastic choice for many new businesses, understanding the pros and cons of forming an S Corp will help you determine if it is the right entity for you.
S Corporation Pros and Cons: Learning the Basics of an S Corp Read More »
If you have a need to share confidential information in the course of your business but want to protect the confidential treatment of information shared, a non-disclosure agreement (“NDA”) can help protect your interests.
Non-Disclosure Agreement – Understanding the Basics of an NDA Read More »
Usually, when a new client is looking to start a business, he or she will call me and tell me something along the lines of: “I would like to start an LLC in Delaware. Can you help me with that?” And while I could easily agree and be on my way with my fees in
Forming a Business in New York vs Delaware – Why forming a Delaware LLC is a Mistake Read More »
Thinking about starting a business in New York? Reguardless of whether you are thinking about starting the next big startup that turns into a fortune 500 company or a small business, the legal implications of starting a business can be complex. As a result, Cordero Law is happy to provide you its “starting a business checklist” as a guide to help you along the way.
New Business Checklist | A Comprehensive Checklist on Starting A Business in NY Read More »
