NY Small Business Expo Expands Horizons & New York Contacts

The Jacob Javits Convention Center had a great expo – NY Small Business Expo. Whether your business is in the startup phase or is long-established, the Small Business Expo is a one-day free exhibition that features many exhibitors with a diverse range of resources. The Expo is nation’s largest business-to-business expo, the Small Business Expo has made it it’s mission to help small business owners and entrepreneurs achieve their business dreams by educating and creating network opportunities. The day’s events ranged from a large range of vendors to meet and greet, a speed-dating-like area for “lightning networking,” and workshops on a wide variety of topics.  Space was even set aside for networking based upon the nature of your business. With so many opportunities to establish contacts to help improve your business, the NY Small Business Expo is worth attending next year. For a no cost consultation, CONTACT US for an

Continue reading

Will New Yorkers Be Playing Fantasy Sports This Summer? New York Gambling Law Update

When two of the largest commercial fantasy sports gaming companies, FanDuel and DraftKings, were sued by the State of New York and subsequently agreed to voluntarily stop taking money from New York participants, the companies did so with the understanding that lawmakers in Albany would pass legislation on the issue of how to regulate this new industry.  It appears that legislation is finally taking shape. As the legislative term comes to a close, committees in both houses of the New York state legislature have advanced bills proposing legislation requiring registration fees for commercial operators and a prohibition against players under 18 years of age.  Legislation would also bar contests based on amateur sports at the collegiate level and horse racing. Last year, New York cracked down on companies providing daily fantasy sports gaming after a disgruntled player, leading to the NY Office of Attorney General to step in to file

Continue reading

New York Business Plans or Private Placement Memorandum? An Introduction

(Editor’s Note – This introductory article is the first in a series of blog posts that will explore how small businesses in New York can look to grow through outside investment. While these articles are instructive in nature, we always urge that you consult an attorney before making any decisions! We here at IPG stand ready to help, so please contact us!) Everyone who goes into business believes they can succeed if they have the capital. If only you had the capital to take off.  But how do you get from point A to point B?   And how do you get your hands on that sweet investment capital that you so desperately need.  There are two tools out there that can be used to stir interest and attract investment. A business plan is a document that describes the fundamentals of your business idea and provides financial data to show

Continue reading

Registering Your Foreign Business in New York

If you own a business that was created outside of New York, then you need to register it if you want to do business in New York. For our purposes, a “foreign” business is any business created outside of New York. That also includes businesses created in another state and other countries.  There are main advantages to registering a foreign business in New York and we discussed these in prior posts including a post on the disadvantages of incorporating in New York. Are you Transacting Business in New York? According to New York Law, foreign businesses are required to register its business in New York it it is “transacting business” in New York.  While this term is not truly defined in New York law, we can interpret that to mean that if you have a physical presence in New York, (an office, warehouse or store, for example) or have a

Continue reading