Business Start-Up Law

We were once a start-up.  We’re sensitive to the needs of entrepreneurs.  Over the years, Romano Law has helped many businesses get started.  We’ve advised owners on raising capital safely, how to protect their intellectual property and to accelerate their growth sensibly.

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What you should know before starting a business

Regardless of your industry, creating a limited liability entity can be one of the safest ways to do business. Romano Law’s diligent team of start-up lawyers are thoroughly versed in the nuances of business law and can help you avoid legal liabilities interfering with your personal life.

Beyond forming a limited liability entity, our legal team provides experienced advice and appropriate corporate documents for new businesses, such as:

  • Employment contracts
  • Employee manuals / employment handbooks
  • Independent contractor agreements
  • Website terms of use and privacy policies

Of course, we’ll also help you decide what’s best for your business – a C-Corporation, S-Corporation or a Limited Liability Company – and how to protect your company’s road to success!

Multiple Objectives, One Place

We know that entrepreneurs often wear many hats and we’re no different. We can assist you with a wide range of legal issues related to starting a business. We offer practical advice in areas such as:

Balancing A Budget

Starting a new business can become expensive. You need to balance legal costs with the expense of running your operations. Understanding this, we put together a simple, Flat Fee Formation package that provides value and cost certainty. Our Flat Fee Formation packages typically include all of the following services:

  1. Discuss your specific intentions for the business;
  2. Help you select a company name likely to gain approval from the Department of State;
  3. Draft the following documents for your new company:
    1. Corporation
      • Certificate of incorporation
      • Shareholders’ initial Resolutions
      • Director’s Initial Resolutions
      • By-Laws
      • Shareholders’ Agreement
      • Subscription Agreement
    2. Limited Liability Company (LLC)
      • Articles of Organization
      • Member’s Initial Resolution
      • Managers Initial Resolutions
      • LLC Operating Agreement.
  4. Prepare and file federal and state S-Corporation elections (if applicable);
  5. Obtain a Federal Tax Identification Number (also known as an EIN) for the new company, which is typically necessary for tax and banking purposes;
  6. Cover all third-party fees (including state fees) for the expedited formation of the LLC or corporation;
  7. Cover all third-party fees associated with fulfilling the New York State publication requirement for LLCs (if applicable);
  8. ​Provide start-up legal advice;
  9. Provide a memorandum summarizing important steps to take to preserve the entity’s limited liability status; and
  10. Answer your questions start-up questions related to the LLC formation or incorporation.

Romano Law understands that every business is unique.  We customize our legal services to suit your specific needs.

We look forward to helping your start-up grow.

New York Benefit Corporations

Thinking of forming a benefit corporation (or B-Corp) but not really sure what it is?  Oftentimes confused with third party certification programs, a benefit corporation is recognized in New York as similar to regular corporations, but with certain differences and restrictions.  Forming a B-Corp will require you to declare the company’s purpose as creating a “general public benefit, and once it’s formed your company will be accountable to its shareholders to ensure that it meets that purpose.  There are also reporting requirements further down the road to consider.

If you’re caught between a New York corporation, a benefit corporation, and a not-for-profit corporation, we can help you decide which one is the best fit.

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For more information on our Business Start-Up Law services, or to speak with an experienced NYC Business Start-Up Law attorney Contact Us