Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Here you can find coverage for when we welcome new attorneys, significant wins we’ve secured on behalf of our clients, and general announcements.
Results for business law articles
Should Your New York City Business Form an LLC?
Author: Thomas H. Herndon, Jr.Date: September 7, 2021
Limited liability companies (LLC) are one of the most popular forms of business entity in the United States. In fact, statistics show that the formation of LLCs outpaces new corporations in many states, including New York. Limited liability companies are attractive because they offer all of the advantages of a general partnership form, with the added bonus of limited liability for its members, without all of the formalities required of a corporation.
When deciding what type of entity (e.g., partnership, LLC, corporation) is best suited for your business, it is important to understand the advantage and disadvantages with regard to management, liability, and taxes. Below are several key advantages that often tip the scale in favor of LLCs for many New York business owners:
Answering Your Top Questions About New York City’s Biometric Data Privacy Law
NYC businesses should be aware that the City’s new biometric privacy ordinance is now in effect... New York City businesses...
Can Businesses Use a Letter of Intent as a Binding Agreement to Work Together?
A letter of intent or memorandum of understanding can be used to formalize an agreement to move forward toward a...
How the FTC’s Backlog Could Impact Your M&A Transaction
The Federal Trade Commission (FTC) is warning companies that it's taking longer than normal to conduct merger reviews... The Federal...
SEC Approves NASDAQ Board Diversity Rule – What Listed Companies Must Do Next
The SEC recently approved Nasdaq Inc.’s Board Diversity Rule, which will require all companies listed on Nasdaq’s U.S. exchange to publicly disclose...
Failing to Understand Your SAR Reporting Obligations Can Result In Costly Penalties
July 28, 2021
The SEC recently brought another enforcement action this time against GWFS Equities Inc. (GWFS), a Colorado-based registered broker-dealer, for violating...
Will the SEC Issue New Disclosure Rules for de-SPAC Transactions?
July 27, 2021
The SEC is keeping a close eye on special purpose acquisition companies (SPACs)... The Securities and Exchange Commission (SEC) is...
New Jersey Assembly Passes Pandemic Insurance Legislation
July 14, 2021
The New Jersey Assembly recently enacted legislation intended to ensure that businesses have access to business interruption insurance in the...
Will the SEC Move to Restrict Private Offerings Under New Leadership?
July 12, 2021
The SEC rulemaking agenda includes rule proposals that could significantly impact the private offering market... The Securities and Exchange Commission’s...
Will You Be Impacted by the SEC’s New Regulatory Agenda?
July 7, 2021
The SEC recently announced its regulatory agenda, which reflects short-term and long-term actions to be taken by the agency... The...
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