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

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Business Law, General Legal Principles, Practical TipsMichael CarboneCarbone Law, LLCLimited Liability Companies, Starting a Business, Corporations, Sole Proprietorships, Online BusinessComment
Does My LLC Need An Operating Agreement?
Does My LLC Need An Operating Agreement?

Plain and simple . . . the New York Limited Liability Company Law requires at a minimum, that all LLCs adopt an operating agreement within 90 days of filing their articles of organization. However, despite this requirement, many LLCs operate on a daily basis without an agreement. While the NY LLC law is strict in its requirements, it is not explicit as to whether a business faces any fines or other consequences for failure to adopt an operating agreement. Given the lax enforcement of these provisions, businesses continue to run without fulfilling this simple requirement.

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Business Law, Contract Law, General Legal PrinciplesMichael CarboneCarbone Law, LLCLimited Liability Companies, Operating Agreement, Starting a BusinessComment
Do I Need An LLC to Start My Business?
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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Business LawMichael CarboneCarbone Law, LLCLimited Liability Companies, Starting a Business, Sole Proprietorships, CorporationsComment