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New York’s Burdensome LLC Publication Requirement: Relief May be on the Horizon
Commentators widely agree that New York’s LLC publication requirement hurts both small businesses and the state itself. It hurts small businesses by increasing the startup costs for businesses that can benefit from the flexible management structure that an LLC can provide. It hurts the state because the existence of the onerous publication requirement has led [...]
What Happens if You Ignore New York’s LLC Publication Requirement?
Our last post about New York’s LLC publication requirement drew some heated comments from small business owners who are frustrated by this anachronistic requirement. Although we advise our clients to comply with the requirement, we know that many do not do so. We decided to investigate whether non-compliance has any practical consequences. A Brief Refresher [...]
Geibelson, Young & Co. – Husband and Wife Duo Treat Clients Like Part of the Family
Melody Young and Jeff Geibelson, the husband and wife team behind Geibelson, Young & Company, sat down with me to describe the ins and outs of being business managers and running their firm.
Incorporated in the wrong jurisdiction? Now what?
Let’s say you are an entrepreneur who lives in Arizona, so you decide to incorporate your web-based business in Arizona. A few years later, your wife’s company transfers her to New York. To operate your company in New York as a foreign (i.e., out-of-state) corporation, you would qualify to do business in that state. When [...]
Delaware: Homerun for Celebrities and Investors
Limited information collected by Delaware makes it an ideal jurisdiction for clients who are concerned about protecting their identity. For celebrities or investors who prefer not to be publicly identified, forming a company in Delaware is a homerun. When a California investor acquires property through a LLC and acts as the manager, the report that [...]
