Congratulations on starting your new corporation or limited liability company (LLC). If you are new to business ownership, you are rightly concerned about operating within the law. You registered a corporation or LLC in your state, got an employer identification number (EIN, and if you did not get one, get it here), and obtained whatever Read More

According to often published statistics, more than 80 percent of small businesses fail. On the surface, this is lamentable and common scapegoats for small business failure are often “the economy” or “systemic disadvantages for small businesses” or “lack of access to capital”. However, the causes for business failure are quite often preventable through sound practices, Read More

Costs to start businesses vary wildly according to industry, location, and size. Clearly, it costs more to start a car dealership than it does to start a lawn service. But when it comes to startup costs, you must plan for the unplanned. We know that business planning can be a dry subject. Check out the Read More

It’s the American Dream for some.  After decades in the corporate world, you want to semi-retire and go into business for yourself.  But unfortunately, this dream can turn into a true nightmare. I’ve seen it happen too often, and each time it breaks my heart.  Remember, by acquiring an existing business, you are taking over Read More

There are many people outside of the United States who wish to establish U.S.-based corporations or LLCs. Business owners who live outside of the U.S. choose to do so because they have U.S. customers, or U.S.-based investments or property. They frequently want U.S. bank accounts as well, and need to accept or make payments in Read More

“Getting Things Done Through People Who Do Not Care” Be unstoppable! You had it right when you were a baby, before the world taught you that persistence is pesky. Learn from a baby. A baby does not stop crying until her need is met. Is there a step by step process? Again, success is not Read More

“Getting Things Done Through People Who Do Not Care” “The dark side puts up walls and has you believe that they are made of steel. In reality, they are made with paper mache”. –Colin Powell Think of the last time you achieved something significant. How did you do it? Do you remember the force you Read More

“Pete” owns and operates a well-established plumbing company, founded in the 1920s. Pete had about two dozen employees and was a fixture in his community and the local Chamber of Commerce. For many years, his business thrived, providing plumbing contracting services to the local public school district. In 2008, the collapse of the real estate Read More

“Johnny” founded an LLC. The LLC was to be an a.m. radio show that covered topics of music, nightlife, and the social scene in New York City. He was also planning an informational website in conjunction with the show with an e-commerce function that would sell promotional merchandise such as t-shirts, hats, key chains and Read More

“Ophelia” is a recently retired New York state corrections officer. I contacted her in advance of her incorporating her business. Her plans were to start a funeral home in the Queens borough in New York City. After listening to her plans, I described what her banking relationship should look like once she was incorporated. She Read More