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Category: Business Law
New York Business Divorce - September 07, 2010
A rare petition for corporate dissolution at the behest of a director leads to a decision of apparent first impression upholding -- but not exe
New York Business Divorce - August 30, 2010
This being the last, lazy week of August, I thought I'd offer somethin
New York Business Divorce - August 23, 2010
It's a Vlasic classic story of a second-generation family business dispute. Over four decades ago, the three Adelst
New York Small Business Law - August 16, 2010
...do not make a match formed in heaven. New York City does not recognize s-corporations and makes all s corporations liable for its General Corporation Tax to the tune of 8.85%. Thus, in NYC, an LLC is often the better and more tax friendly alternative for new business owners. If it weren't for ...
New York Small Business Law - August 16, 2010
There is a movement underway to get rid of the costly and burdensome New York LLC publication requirement. Click here to lend your support to free New York of this burdensome and costly LLC publication requirement. In the meantime, if you wish to fulfill your publication requirement, I created a ...
New York Business Divorce - August 16, 2010
Does the mere filing of a petition for corporate dissolution bring about "a succession to a third person by operation of l
New York Business Divorce - August 09, 2010
The case of Sassower v. 975 Stewart Avenue Associates, LLC is fast approaching poster-child status as an illustration of the headach
New York Small Business Law - August 06, 2010
Several recent court cases remind us to include confidentiality obligations into each LLC Operating Agreement (see legalese commentary here and here). You see, under New York law, executive LLC members, i.e. managers, have a duty to keep the Company's valuable secrets secret. Other members, ...
New York Small Business Law - August 06, 2010
What do you usually report on Form 1099? Correct, payments to independent contractors. On January 1, 2012, businesses large and small may have to wake up to a whole new game when it comes to fling Form 1099. From then on, they are required to issue 1099's to every vendor to which they make payments ...
Bankruptcy Ontario - August 03, 2010
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Bankruptcy Ontario - August 03, 2010
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Bankruptcy Ontario - August 02, 2010
Question: We made an arrangement with our bankruptcy trustee to pay around $36,000 as a final payment for what was owing on the equity we had when we went bankrupt. We paid this amount 7 months ago, and have received NO documentation, final notices, or any word that our bankrupt
Bankruptcy Ontario - August 02, 2010
Question: I met with an Ontario bankruptcy trustee and need to fill out the forms to file for
Bankruptcy Ontario - August 02, 2010
Question: I am in bankruptcy and my daughter lives with me. She is 18 and very soon she will be working. Are her wages considered part of my surplus income although she is not pl
Bankruptcy Ontario - August 02, 2010
Question: I am going to file for bankruptcy and since I have some equity in my house I assume that the trustee will take my house. My question is about the items in the house. I am mov
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