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A new program launched by Empire State Development is intended to assist start up technology businesses gain capital investments while encouraging investment activity and economic development statewide. The program, New York Ventures, combines funds from the Innovation Venture Capital Fund, the Innovate NY Fund, and the Minority- and Women-Owned Business Investment Fund for a total […]

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If you are operating your business out of your home, even in a rental, you may qualify for a tax deduction. To qualify as a home office, the space must be used regularly and exclusively for conducting business, and you must be able to show that your home is the principal place of business. However, […]

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The Obama Administration recently proposed a new rule that would allow salaried workers making less than $50,440 per year eligible for overtime pay.  Under the current law, salaried workers may receive overtime pay only if they are making less than $23,660 per year.  If it goes into effect, it will affect over 5 million workers […]

If you are just starting your own business, the sole proprietorship is the easiest structure to create. It only requires registering a business name (if you are using one other than your own), and obtaining any permits your type of business would need to operate. Many business owners choose this formation because of its simplicity […]

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A successful business has good relationships with the people or companies that supply products and services. However, there are times when these vendors may not be able to fulfill their end of the bargain. When a party fails to perform their obligations, a breach of contract has occurred. Before resorting to litigation, you may try […]

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