How to Start an Adult Care Business in New York State: Comprehensive Guide to Regulations, Licensing, and Location Requirements

How to Start an Adult Care Business in New York State: Comprehensive Guide to Regulations, Licensing, and Location Requirements

By Brian Figeroux, Esq. | Editorial Credit: Yuri A / shutterstock.com  Starting an adult care business in New York State is a challenging but potentially rewarding endeavor. From navigating the regulatory environment to selecting a location and staffing your facility, every decision must be made with careful consideration and planning. By following the steps outlined […]

Understanding the General and Limited Liability Legal Benefits of an LLC and Situations Where Limited Liability Can Be Revoked

Understanding the General and Limited Liability Legal Benefits of an LLC and Situations Where Limited Liability Can Be Revoked

By Brian Figeroux, Esq. | Editorial Credit: Zhanna Hapanovich / shutterstock.com  To maintain the protection of limited liability, LLC members must follow certain best practices, including keeping personal and business finances separate, maintaining adequate capitalization, operating ethically and lawfully, and avoiding personal guarantees. The Limited Liability Company (LLC) is one of the most popular business […]

Millions of Jobs, Billions in Economic Growth at Stake if Small Business Tax Deduction Expires

Millions of Jobs, Billions in Economic Growth at Stake if Small Business Tax Deduction Expires

Editorial Credit: Yuriy K / shutterstock.com New EY macroeconomic analysis, NFIB survey of small business owners illustrate impacts of potential massive tax hike on small businesses ALBANY, NY (Sept. 20, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released two new, impactful reports regarding the federal 20% Small Business Tax Deduction, which is scheduled […]

Chapter 13 vs. Chapter 11 Bankruptcy for Small Business Owners in New York: Navigating Your Options

Chapter 13 vs. Chapter 11 Bankruptcy for Small Business Owners in New York: Navigating Your Options

Editorial Credit: Vitalii Vodolazskyi / shutterstock.com  If you’re a small business owner in New York grappling with insurmountable debt, missed payrolls, or unpaid suppliers, you may be considering bankruptcy as a way to manage your financial crisis. Choosing the right type of bankruptcy—Chapter 13 or Chapter 11—can make all the difference in how effectively you […]