Legal Question in Business Law in New York
Business Registration/License Required?
I am considering proving free of charge advice to clients in my industry. The plan is to do this for two years and when they know for certain that I deliver results I will charge for the service. Until I starting charging do I need to register as a business and get a license, etc.?
2 Answers from Attorneys
Re: Business Registration/License Required?
You don't have to have a company, but they will sue you personally if and when your advice causes them any kind of significant damages.
Re: Business Registration/License Required?
You would be better off forming a business entity to protect your personal assets. The fact you are not charging for your services will not necessarily limit your legal liability. I'm not certain what type of license if any you may need. That would depend on the industry you are working in. Please feel free to contact my office if we can be of assistance to you in this matter.
Related Questions & Answers
-
Partnership buy out arrangement I want to buy a commercial building with a partner,... Asked 6/24/07, 11:42 am in United States New York Business Law
-
Copyrights? I recently was contacted by a resort and conference center to take a... Asked 6/22/07, 9:02 pm in United States New York Business Law
-
Prior owner lies, cheat & steals from new owners What are the chances of new... Asked 6/22/07, 1:57 pm in United States New York Business Law
-
Promisory Note I gave money to a friend without a promisory note - he keeps on... Asked 6/19/07, 4:44 pm in United States New York Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
