Your client wants you to form a company in New York. You’re a junior lawyer and just started your first assignment. You want to go a good job. Don’t worry! Forming a corporation in New York is straightforward, as long as you keep certain steps in mind. This article highlights some finer points for avoiding potential issues.
The future of work is coming fast. A recent Dell Technologies report compiled by business and academic specialists projects that an estimated 85% of the jobs that will exist in 2030 haven’t been invented yet.1 “The pace of change will be so rapid that people will learn 'in the moment,” the report states, “using new technologies such as augmented reality and virtual reality. The ability to gain new knowledge will be more valuable than the knowledge itself."
The way a start-up organizes its business defines the scope in which it can function. A start-up can choose from one of several entity forms depending on its business needs. Forming a partnership, forming an LLC, and forming a corporation all have important consequences for the business.