Does My Startup Need a Certificate of Authority to Do Business in NYC?

Certificate of Authority. A close up of startup employees reviewing figures and paperwork with a tablet and laptop.

New York State’s Department of Taxation and Finance issues Certificates of Authority to businesses which authorize them to collect sales tax from customers. This also allows them to honor the tax-exempt status of non-profit agencies with whom they do business. You might be wondering when and if you need a Certificate of Authority for your startup or business to do business in New York City; especially if you are a foreign (whether U.S. or international) entity.

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Are DIY Legal Services Helpful or Harmful?

A miniature statue of lady justice holding scales in front of a stack of legal books. DIY legal.

Companies like LegalZoom, Rocket Lawyer, Mama Bear, and ZenBusiness promise fast and inexpensive access to legal forms. They cut out the “middleman”—in this case, an attorney—to keep costs down. These DIY legal services allow people to do everything from filing for divorce to creating a will to incorporating a business. But do these companies do more harm than good?

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Pre-Money Versus Post-Money Valuation: How Much Capital Is Too Much?

Startup employees reviewing finances and pre- and post-money valuations when raising capital.

As the owner of a startup, you have a laundry list of things you’re concerned about and raising capital is likely near the top of that list. You need capital to scale and grow your business, but you don’t want to give away too much ownership. With an understanding of the differences between pre-money and post-money valuations, their importance, and how the amount of capital you raise can impact your ownership, you will have a better idea of how much capital you want to raise for your business.

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