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Starting a business in nyc – do you need legal aid?

Oct 11th 2015 at 10:54 PM

Taking the bold step of becoming an entrepreneur is exciting in itself.. Starting a business in NYC is something else altogether!

This city has it all – a cultural melting pot, people from all across the world and all different walks of life, a representation of the biggest corporations on the planet and a gamut of growth opportunities waiting to be unlocked. If you have an idea that is worth selling, the mindset of working hard and an appetite to assume a wee bit of risk, New York City can take you to the pinnacle of success. But before you decide to jump on the bandwagon, it will always be better to have a roadmap ready for your journey to profitability – a guide to help you navigate business potholes and manage legal issues like a pro. Allow your success story to be written with a chapter dedicated to your business attorney and you will never run into legal walls ever in your business life cycle.

There are various ways in which you stand to benefit by taking the help of an attorney when starting a business in NYC. First things first – this professional will help you understand the best structure and model for the niche industry that you are choosing to work. Will an LLC Structure suit your business model or should you choose to register it as a corporation? Each choice has its own pros and cons and your attorney can help you understand each of these with a degree of clarity.

The next point that you will be required to consider is the legal registration process for each of these business structures and the regular responsibilities that you will have to undertake, as part of starting a business in NYC. Communicating business performance data and management information to the requisite government authorities is a vital part of your legal responsibilities as an entrepreneur. These responsibilities will also be an added cost for you to bear that should be taken into consideration when planning the future of your business. You will have to create by-laws and manifestos to indicate the philosophy and regulations upon which your business will be governed – all of them binding legal documents that will need to be vetted by the government. Taking proper working licenses and permits and meeting relevant mandates is another one of your set responsibilities. To manage all of this, taking help of an expert legal professional might be the best decision you can make.

My recommendation for finding the best business attorney in the city will be through an extensive use of the internet. Using the right search keywords along with relevant geographical markers can help you get a list of all the professionals working in the area. You can then sift through these options and pick out the best attorney to help you start a business in NYC. Their official websites will offer a lot of information to help you make your decision.

For more information on starting a business in NYC, visit

About The Author

Jim Bailey is a celebrated business lawyer in New York who also loves to write interesting articles and blogs aimed at helping start-up entrepreneurs and small scale enterprises in managing their legal affairs. He recommends as the name to trust for every legal service relating to starting a new business in the city.

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