March 7, 2015
“Helen” needed someone to handle her bookkeeping and billing. It only took 1 or 2 days per week, but she didn’t have the time. What she did have was an actor friend who would do the work for her. But the money he wanted, coupled with the cost of social security, worker’s compensation, unemployment insurance, and other employee benefits was more than Helen could afford. Someone had told her that he could be a “1099 employee” and that she wouldn’t have to pay all these extras or even withhold taxes for him. When I tried to explain that she was taking a great risk in possibly misclassifying her friend’s employment status, she exclaimed, “But who is going to find out?” “I’m a lawyer, not a prophet,” I replied. There comes a time in the life of every small business when it outgrows the capacity of its owners and needs help from others. Whether this happens at the inception of the business or after some period of growth, the legal issues remain much the same. And…
Continue Reading“The Restaurant” was the classic partnership pairing: Rocco DiSpirito, chef extraordinaire (or at least ego extraordinaire — which makes for good TV), and Jeffrey Chodorow (the money guy). And the feuding they displayed, according to…
Read MoreWell if this just isn’t the week for Beatles songs! Justin Knowacki has a post on getting by (or not) by doing business with friends, which brings up an excellent subject: should your friends (or…
Read MoreIf you’ve been reading between the lines at all regarding the state of our economy (and, in particular, our government treasuries), you’ll be very much aware that state and local governments need money. Need our…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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