Small business owners in Manhattan already face an excessive number of hurdles between themselves and building and maintaining successful businesses. A proposed tax cut is aimed at relieving some of the pressure those small business owners face.
The de Blasio administration is taking steps to provide greater assistance to immigrant entrepreneurs in New York City. With almost half of the small business in New York City being owned by immigrants, this is a positive step that could greatly benefit those business owners and the rest of the city.
Okay, there's really no way to tell exactly what will be happening with your New York business in the months and years to come after you die. However, there's no reason you can't have some say, in fact, a lot of say, as to your general business succession plan as you pass down the torch to future generations. After all, you worked long and hard to make your business the successful enterprise it is today. Why not do all you can to protect its interests and preserve it for your heirs?
If you came to New York as a foreign exchange student, you may have a student visa that allows you to seek gainful employment for a certain amount of hours per week. Perhaps, like many other immigrants, you've dreamed of starting a small business while you're here. There are obviously all sorts of laws and regulations associated with launching an online or in-person business. To prevent problems with your current status, it's probably best to do a lot of research and make sure you understand what you can and cannot do.