Every employer in New York must provide workers' compensation insurance for their employees. This coverage can help pay medical bills for workers who are injured on the job.Businesses in New York State must have workers' compensation coverage for all employees. The rule includes part-time employees and family members employed by the company.
At a certain stage in the lifespan of a company, the owners may seek to implement fundamental changes to the organization. While certain alterations may involve primarily administrative adjustments, such as changing the company's name, others may necessitate restructuring the company's framework.
Beginning January 1, 2024, many companies are mandated to provide the Financial Crimes Enforcement Network (FinCEN) with details regarding the individuals who ultimately possess or control them, known as Beneficial Ownership Information (BOI). This article provides a brief overview of how to identify the beneficial owners required to be reported in a BOI report, as well as the exceptions to BOI report.
An amendment to the articles is a fundamental company change. In some states, relatively minor changes, such as changing the registered agent, may be made by the board without requiring approval from shareholders. While certain changes may involve reorganization of the company's structure.
How to choose the type of company to incorporate in the U.S. is an important factor that every entrepreneur needs to consider, and the difference in the type of company can have different legal liabilities and tax implications for the entrepreneur. In light of this, the article will introduce four categories of business entities: sole proprietorships, partnerships, limited liability companies, C-Corporations, and S-Corporations.
A California Doing Business As (DBA) name is referred to as a fictitious, trade or assumed name that a company applies for in California when the name doesn’t contain a company owner’s last name. This article will briefly describe where to apply for a California DBA name, why a company wants to apply for a DBA name in California;
You generally cannot deduct in one year the entire cost of property you acquired, produced, or improved and placed in service for use either in your trade or business or to produce income if the property is a capital expenditure. Instead, you generally must depreciate such property. You can use the straight-line depreciation or double-declining balance method.
According to California and Delaware laws and regulations, a Delaware LLC can be converted to a California LLC if necessary. This is essentially the process of converting an LLC that incorporated in Delaware to California. This article will briefly introduce several situations in which a Delaware LLC is converted into a California LLC
According to California and Delaware laws and regulations, a California LLC can be converted into a Delaware LLC if necessary. This is essentially the process of converting an LLC that incorporated in California to Delaware. This article will briefly introduce the benefits of converting a California LLC to a Delaware LLC, the conversion under what situation, the materials and procedure required for conversion, and the results after conversion.
When an US corporation is formed, the shares are allotted to the initial shareholders. After some time, shareholders may want to transfer a part or all of the shares to another party for some reasons; this process is called the company shares transfer. Generally, the shares in a corporation are freely transferable. Nonetheless, the Articles of Incorporation, the shareholder agreement, or the bylaws might place some reasonable restrictions on the transfer of shares.