Doing Business in Other States- An Overview of Corporate Filing Requirements
Many businesses that operate in New York State will at some point be presented with a business opportunity in another state. Business owners need to be mindful of the corporate filing requirements of other states in which they operate. This blog post provides an overview of the corporate filing requirements that may be applicable when […]
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Why Your Partnership Needs a Formal Agreement
Your Business May Already Be a Partnership Unlike other types of business entities such as a corporation or a limited liability company, a partnership can be formed without any written agreement or filing with the government. New York law defines a partnership as an association of two or more people formed to carry out business […]
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Divorced? Is your Retirement Plan Beneficiary Really Who You Think it Is?
This is not a typical topic for a blog post during a holiday week, but nonetheless it is an issue of which we should all be aware. Going through a divorce can be analogous to the loss of a loved one. The emotional side-effects can be very difficult and the division of assets can be […]
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Implementing Local Legacy Simply
Anne Ruffer is Chair of the Community Foundation’s Professional Advisor Council. She wrote this article for the winter edition of Smart Money, a publication of the Central New York Community Foundation, to give some guidance on incorporating charitable giving into estate plans. In 2010, the Central New York Community Foundation commissioned a study on wealth […]
‘Tis the Season to be…. Careful
As the Holiday season is upon us, it is important to be mindful once again of the importance of safe and sober driving. With what seems like a steady stream of Holiday parties and social gatherings, it is important to remember that “just one more Egg Nog” may be one too many Egg Nogs. Of […]
The Drones are coming!
With the holidays upon us, more people than ever will be receiving the newest drone models as novel and exciting gifts. The U.S. Department of Transportation expects over 1 million drones to be sold this holiday season. But what exactly is a drone, you ask? A drone is an unmanned aircraft commonly referred to as […]
Sweeping Changes to Claiming Social Security Benefits
The budget bill signed on November 2, 2015 by President Obama included sweeping changes in the claiming of Social Security benefits. The changes ended two major Social Security claiming strategies for married couples. No more file and suspend or restricted application. If you have not filed for social security benefits within 180 days of the bill’s […]
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The 411 on Construction Contract Insurance Provisions
Are you a business owner who is considering a physical expansion which may involve a construction project? If so, you will likely enter into a contract with the General Contractor (GC) or Construction Manager (CM) which you may believe provides you certain protections from potential personal injury claims from workers hurt on the project. You […]
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OPT/CPT Training for Foreign Nationals
Foreign nationals enrolled in F-1 student status have the option of working in the United States by engaging in practical training during their academic program, or upon completing their program. Practical training can provide valuable work experience by sharpening and adding to the skill set students acquire while enrolled in school. There are two types […]
2015 Action Required To Maintain Qualified Status Of Prototype Defined Contribution Plans
Maintaining up to date documentation for your retirement plan is extremely important and not something employers should take lightly. During a plan audit the first thing the IRS auditor asks for is a signed copy of the Plan Document with all amendments. If these do not contain provisions timely reflecting the latest legislative and/or regulatory […]