Why C-Corp Is The Best Entity For A Tech Startup Company

While a tech startup company may be impressed with the relative ease of tax accounting for LLCs versus C-Corps, this administrative informality may not sufficiently cover the most immediate need of the startup company: Seed funding and subsequent stages of venture capital raises.

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New York Employees Are Mandated Sick Pay

Effective April 1, 2014, employers in New York City employing 20 or more employees must give each employee one hour of paid sick leave for every 30-hour period that employee works. The ESTA caps the sick leave grant at 40 hours (five work days) per calendar year.

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LLC Members May Contract Around Fiduciary Duties

The New York Court of Appeals recently upheld a 2011 decision allowing a sophisticated principal to release its fiduciary from claims.

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