In addition, if you are seeking a loan from a bank, some banks will require proof of publication. If you failed to publish, you can correct the...

How do you grant warrants/options in a Limited Liability Company?

I agree with my colleague. You should not grant/issue anything constituting a security, including warrants/options, without the advise of...

Does a sole proprietorship pay salary to owner?

There is a common misunderstanding that a sole proprietorship has some form of legal status separate from the individual. Understand the reality...

How long does it take for me to switch from an s corp to a c corp? Is it pretty instant? How do I go about doing the switch?

I agree with my colleague. If, however, you want to convert voluntarily, then the steps are straight-forward: 1. Obtain approval of the...

What are due diligence should I make sure the financials are 100% accurately, employees will stay on, and customers will stay?

You correctly recognize that you need to do due diligence. The examination should involve financial, legal and tax issues. On the legal side,...

What is the standard percentage?

This is a business and legal question, and requires the assistance of a business lawyer wth experience working with design engineers,...

What is the standard percentage of sales that the compensated party should receive?

More information is needed as to the nature of the product, goods or services being sold. The percentage can vary, depending on the industry and a...

We are looking for a corporate Lawyer

You have taken the right step in recognizing that you need an attorney to review company agreements. In addition, an experienced business lawyer...

Can an investor subscribe for a new class of stock before the company files its amended certificate for such stock?

I agree with both of the other comments. The company should take all of the steps necessary to issue the stock. In fact, the Subscription...

Should we incorporate in Delaware or New York? Will that matter for applying to NYS programs?

First, you need to understand the differences between and LLC and a "C" Corporation. A "C" corporation will pay taxes on the profit it generates,...