There’s a revenue engine lying dormant in your organization. The NYC Business Innovation Challenge invites you to create a plan that will give your workers a path to improving their skill bases, access to benefits, career prospects or economic opportunities.

New Year’s Resolution: Review Insurance Coverage
At the start of a new year, it’s important for small business owners to review their business and financial plans. Part of reviewing these plans includes making sure the business’ current insurance still fits the business’ current needs and risks.
Can your NYC business benefit from free high-speed fiber broadband build-out? We’re talking about reliable, steady internet access with connectivity speeds hundreds of times faster than Cable and DSL.
Take the first steps to getting fiber for your business by applying by Thursday, December 27 to the ConnectNYC Fiber Challenge, one of the City’s initiatives in partnership with Time Warner Cable and Optimum Online (Cablevision) to upgrade buildings across the five boroughs with free fiber optic wiring.
It’s simple to enter:
1. Accept the challenge at http://nycfiberchallenge.com
2. Complete all of the required fields on the submission form, including the following:
- Basic information about the business;
- Description of current internet connectivity;
- Anticipated upload and download speeds required for business activities; and
- A description of how fiber connectivity could increase jobs and productivity in the business at the location.
Above is a map of business-only fiber availability in the New York City area as of June 30, 2012. Read more on NYCEDC’s blog.
Want the Protection of an LLC? Observe Corporate Formalities
by Arina Shulga, founder of Shulga Law Firm, P.C.
Business owners usually incorporate their businesses in order to limit their personal liability for business debts. However, simply incorporating is not enough to enjoy protection of limited liability. One also needs to observe corporate formalities. Otherwise, the courts may decide to “pierce the corporate veil” of the business entity and hold the owner liable for the company debts.
Do I Need to Pay Sales Taxes?
by Stephanie L. V. Hendricks, owner of Hendricks Law Firm
As a small business owner, you may be asking yourself this question. I hate to be the bearer of bad news, but the short answer is probably “yes”. As a preliminary matter,

Learn the Latest Sustainability Practices
The 2012 GoGreen Conference in New York City is a unique opportunity to learn the latest in sustainability practices for your business. Taking place September 19, 2012, the GoGreen conference features a full day of educational panels and networking opportunities
Goldman Sachs 10,000 Small Businesses
Goldman Sachs 10,000 Small Businesses is currently accepting applications from the New York City area to enroll in the program’s seventh class.

Cash is King: Cash Flow Made Simple
How can a hugely profitable company fall behind on its rent? When is winning a large contract bad for your business? The explanation behind these perplexing questions is a business concept called cash flow. I mentioned cash flow before, when I talked about making projections for your business, but never explained how cash flow can impact a business’ day-to-day operations.
As you will soon learn, however, there’s a good reason why so many business experts agree: “cash is king.”
Five Resources for Success in Business and Life
By David Schnurman, founder of Lawline.com and TrueNYC.com
As an entrepreneur and a lifelong learner, I am always reading, watching videos, and speaking to others to constantly improve and expand my knowledge base. One of the most important areas that I work on is my mindset.
Tomorrow evening, HBK Incubates is hosting an open house of its commercial kitchen space and business support program in La Marqueta, East...
The New York Times looks at area-wide development coming to Staten Island’s North Shore:
“We really believe that this is a transformational...