It’s no secret that small businesses have a higher fraud rate of employees being prosecuted for fraud and being the victim of fraud than larger companies and non-business owners. That is because they are the most susceptible to attacks due to their failure to take time to implement measures and
Continue readingWorkers Who Fall From Elevation Mean “Absolute” Liability For Owners And Contractors
New York property owners and contractors employing laborers working at elevation must make sure the workers are given proper protection or be subjected to “absolute” liability should the worst happen. We had a client who was a New York apprentice laborer working on the construction site of a charter school.
Continue readingNew York Small Business Taxes
Here are the basics of New York Business Taxes applicable to small businesses doing business in New York. Please New York sole proprietorships do not pay any corporation franchise taxes or filing fees. The sole proprietor shall, only, pay state and federal personal income tax individually. New York partnerships are
Continue readingOngoing Investigation in New York into the NY’s P2P Lending Industry
New York is investigating whether peer-to-peer lenders are required to be licensed to operate in the state of New York. Peer-to-peer lending, sometimes abbreviated P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers. Since these peer-to-peer lending companies
Continue readingProving Civil Fraud In NY
Fraud comes in different forms in New York, which recognizes both common law fraud and statutory fraudulent behavior. In business, as in life, people are not always as reputable and they appear. Unfortunately, there are less than scrupulous business actors who will resort to fraudulent misrepresentations to gain what you have
Continue readingRegistering 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
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