When conducting international trade your small business will need to check prospective and current international business partners against various lists the U.S. government maintains. The Bureau of Industry and Security at the U.S. Department of Commerce has a helpful site linking you to some of these lists to check, including the Denied Persons, Unverified, Entity, Specially Designated Nationals, and Debarred Lists. www.erskine-law.com
If you are opening a new business in New York, then take a look at the New York Department of State’s brochure entitled Forming a Business in
New York: An Overview. The brochure provides a concise table comparing and contrasting the various business entities available in New York as well as identifying the typical tax basis for each type of entity.
Many small business entrepreneurs are faced with the difficult decision of which business structure/entity to house the operations of their small business. The Internal Revenue Service provides a concise break down of different U.S. business structures available to American small business. Whether your small business will elect to be a sole proprietorship, partnership, corporation, S corporation, or a limited liability company impacts the governance and taxation of the company. The site features links to short explanatory sections as well as links to tax information and forms.