Do I Need A Shareholders' Agreement for My Corporation (If So, What Are Some Common Clauses)?

Whether you've recently formed a corporation or are considering doing so in the coming months, a shareholders' agreement is a useful tool to aid in managing the operations of the company, most especially, if there are multiple shareholders of the Corporation. If you are the sole shareholder then you do not need this type of agreement. However, if you have one or more business partners/investors, then entering into a shareholders' agreement might make a lot of sense for your new company.

If I Move From New York to New Jersey: What Do I Need to Do to Keep My Business Running Legally?

Moving out of New York City comes with some immediate perks, like more space, a lawn, a bigger home and lower taxes. So for most people thinking about moving to New Jersey, the benefits most often outweigh the costs and crossing the bridge becomes a simple choice. However, for business owners, there is one extra item that needs to be addressed during your move in order to ensure that you may continue legally operating your business in your new home state.

I Just Filed the Certificate of Incorporation . . . Is My Business Ready to Go?

Not quite. Filing the Certificate of Incorporation is the first of several steps towards setting up and running a legitimate business corporation. In a previous blog post, I discussed the basics of avoiding personal liability when it comes to running an LLC or corporation. What follows after filing the certificate of incorporation, helps to protect against exposing yourself to liability and lays the foundation for a successful venture, should you decide to start your own business. For the purposes of this post, I'll cover the basics of what comes after you file the initial organizing documentation for your corporation.

How to Avoid Personal Liability When Running an LLC or Corporation?

In order to discuss this topic, it's important to gain a basic understanding of the legal concept of "piercing the corporate veil." What this means is that in certain circumstances, when properly invoked, a court may "pierce the veil" of a corporate entity and hold the owners personally liable for the obligations of their corporation or LLC. It allows for a corporation's separate legal existence to be disregarded in order to prevent fraud and achieve fairness. This doctrine is often invoked by a third-party seeking to circumvent the limited liability that is afforded to owners and hold them liable for corporate obligations.

Started an Etsy Business? Here's How to Make it Legitimate.

So, you’ve started a business on Etsy. Whether you’re creating screen printed shirts, custom leather goods, pottery or furniture, you made the decision to bring your talent, skills and keen eye for design to the masses and sell your products online. Congratulations! Etsy is a great place for those that are looking to turn a hobby into a money making opportunity or grow a business that has quickly jumped out of the idea phase and into reality. If you’ve ever had the thought, “what do I need to do to make this Etsy business legitimate,” this post is for you.

Do I Need An LLC to Start My Business?

So you’ve made the decision to start your own business. Congratulations! For many people, this major life decision often comes with more questions than answers. One question that I hear regularly is, “my friend recently started a new business and she registered as an LLC, do I need an LLC to start my business?”

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