By Frank Orlando Starting March 18th 2015 the New York Department of Education, Office of Professions, implemented new rules/restrictions with reference to the naming of your new professional company. The office of professions will now reject any new submissions if: The
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Corp vs LLC: Formation, Management and Tax Differences
By Frank Orlando When starting any new business, the owners will need to decide under which type of entity the business will operate. While there are several choices such as sole proprietor/DBA, LP, PC, PLLC or Not-For-Profit, it is likely
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MA Discourages Listing EIN in Filings
MA Secretary of State Corporations Division has posted the following notice on the division's website: As of January 1, 2015, the Corporations Division will no longer accept an FEIN number in conjunction with the organization, formation or registration of any
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New York Corporation Organizational Tax
Effective January 1, 2015 the New York Department of State will no longer collect a tax on shares when forming a corporation. This will result in a decrease in formation cost by $10, the minimum tax collected prior the the change. Additionally,
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Start your business-succession plan early
Interesting article that will start you thinking about what will happen to your family-owned business. http://www.bizjournals.com/buffalo/blog/buffalo-law-journal/2014/12/guest-column-start-business-succession-plan-early.html?page=all Read more...
New York Biennial Statement Update
As of May 2014 the New York Department of State has discontinued distributing biennial statement forms in paper format. Future biennial notifications will be emailed to filers who have provided the New York Department of State with an email address.
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New York Education Law Update – Commissioner’s Consents
Effective July 1, 2014 the education consent process for using certain purposes and/or words within your corporate name has changed. Following are a few key points of these changes. The consent of the Commissioner of Education is required only if
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Delaware Franchise Tax Increase
Effective July 1, 2014, for the tax year 2014 and thereafter, Delaware franchise tax has increased. The amount of the new franchise tax fee is dependent upon the entity type. Following are the details. Every domestic and foreign limited liability
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