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By Michael Reiser on March 29, 2018

Considerations Regarding Tax Burden Allocations Among Members & Owners

In forming your business, considerations regarding control or transferability of interest and the like may be at the forefront of your mind, and tax considerations may be relegated to the backseat.  However, choosing between different non-tax options can result in different tax outcomes for your business.  You can meet your non-tax options and goals with creative solutions, while at the same time being cognizant of the tax implications of those choices so as to keep the tax burden as low as possible.

Income Tax Implications of an S-Corp versus an LLC

By Pia Perfetto on March 22, 2018

In the realm of family law, grandparents have certain legal rights in regard to custody and visitation of their grandchildren. The overarching term to describe the process of becoming a legal caregiver for a child that is not biologically your own is called kinship care. Grandparents can seek temporary and permanent custody of children who are their blood relatives if the parents are unable to nurture in the best interests of the child. The broad purpose of placing a child with a suitable family member is to avoid placement of that child in the non-relative foster care system.

By Serena Mott on March 15, 2018

Rental agreements in New York State are likely to require a security deposit in order to be eligible to lease a property. The purpose of the deposit is to ensure that the landlord is protected in cases where the tenant does damage to the property or does not make their monthly payments. Many can speak to an experience where they have not gotten part or all of their security deposit back and were not given an explanation as to why. By knowing and understanding your rights as a tenant with regard to your security deposit, you can take the necessary steps and precautions to make sure that your deposit is returned in full.

Landlord-Tenant Issues

March 8, 2018

Starting a new business is a complex venture. The process may seem almost overwhelming, but an experienced attorney can guide you through it, offering invaluable support. An attorney can be helpful in just about every area of starting a business. Their expertise can be vital in matters of zoning, municipal compliance, copyright/trademark issues, articles of incorporation, licensing agreements, employee termination, investment banking, and future lawsuits and corporate liability. An attorney can help you answer some of the tough questions associated with starting a business.

February 22, 2018

Filing for Chapter 11 bankruptcy protection offers an enterprise the opportunity to restructure its debts and business operations, with a plan to repay claims or any outstanding accrued interest. The goal of filing for Chapter 11 is to get a business back on track with a feasible plan and a capital structure that is sustainable, while also accounting for prior claims and shareholder interests.

February 9, 2018

Life is unpredictable and bad things happen. If you were to suddenly become incapacitated or hospitalized today, would your loved ones know where to find your important information or know how to handle your affairs?  The solution for preparing for these unpredictable moments is the creation of a Just-In-Case list, also known as a letter of instruction. This list is created by you to help your loved ones navigate your personal records and financial information. This checklist will get you thinking about organizing your information to save your family an enormous amount of time and effort and take out any guessing about your wishes. 

January 25, 2018

In mid-December, the Federal Communications Commission made a decision to repeal the net neutrality rules set in place in 2015 by the Obama administration.  The laws were originally set in place to regulate internet service providers (ISPs) by categorizing internet access as a “utility.”  By this definition, the internet was viewed as a fundamental need, where websites big and small were treated the same regardless of content or relationship with any particular ISP. After the 2017 decision, that is no longer the case. The FCC has now taken on a “light-touch framework” that will deregulate oversight of ISPs, allowing them to create slow and fast lanes for different websites and services based on price point.

January 15, 2018

Recently, both the House and the Senate have held multiple Congressional Hearings focused on solving the opioid crisis in the United States.  

By Pia Perfetto on January 11, 2018

In recent years, cryptocurrency has raised important legal questions as its public popularity has increased. Cryptocurrency is a virtual currency that is created and controlled through the use of sophisticated encryption methods known as cryptography.  The most well-known is Bitcoin, a digital currency created in 2009, which many believe is the economy of the future. 

By HoganWillig on January 4, 2018

Plan for the future of your estate and assets. An estate planning attorney can guide you through the process of reducing or eliminating estate taxes and navigate you through the ramifications of the new tax law.

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