10 Common Legal Mistakes New York Entrepreneurs Make — And How to Avoid Them
Starting a business in New York is an exciting journey—filled with ideas, ambition, and endless possibilities. But amid all the hustle, one crucial thing is often overlooked: the legal side of entrepreneurship . At the Law Offices of Michael W. Goldstein , we’ve seen countless business owners come to us after the fact—when an issue has already escalated. The good news? Most legal pitfalls can be avoided with the right legal advice and foresight. If you're starting or running a business in New York, here are ten common legal mistakes you should avoid—and how working with an experienced Business Lawyer in NY can keep your venture on the right track. 1. Choosing the Wrong Business Structure Too many entrepreneurs rush into starting their business without understanding how structure affects liability, taxes, and day-to-day operations. Whether it's an LLC, S-Corp, or sole proprietorship, the right choice depends on your specific goals. Avoid it by: Consult a qualified business la...