It's here, the day you've all been waiting for. Your favorite holiday that, (although you won't admit it), betters Thanksgiving and comes just after Christmas on your top hits, because hey, there's more alcohol.
I've been in New York for a year-and-a-half now and given that my last St. Patrick's Day here winded up in da club with Conor Mcgregor and a gaggle of his adulating fans (by accident), this one promises to be just as entertaining, because it's on a Saturday. I've rounded up a preliminary guide to your day in the city, which is just some friendly advice from mine to yours, and included a smattering of photos of mine from over the years on the day in question for your entertainment.
1. It's St. Paddy's, not patty's
I would like to state on the case of St. Patty's -v- St. Paddy's, that you have been deceived your whole life into thinking that the day was synonymous with a patty ( a.k.a a burger). “Paddy's Day" is short for St. Patrick's Day. In colloquial Irish parlance, Paddy is an abbreviation of Patrick. And for anyone who tries to push their feminist agenda (with 'patty' rather marginally sounding more ladylike than Paddy), on the holiday, please refrain. St. Patrick was a man, ladies, get over it.
2. Start early
Start as you mean to go on. Ireland will play England in a rugby match at 9AM E.S.T, and it provides a great opportunity for an early opener to the day.
Now, while rugby might not be your cup of tea (and that should be Lyon's Irish Breakfast Tea on Saturday, not Barry's, in my honest and completely biased opinion), the fact that Ireland are playing England always makes for a great, atmospheric watching experience. The age-old rivals, (England presided over Ireland's governing for 700 hundred years), will go to battle in what could be an extremely momentous rugby occasion for the boys in green.
Ireland have a chance to win 'The Grand Slam' having beaten every other team in the Six Nations tournament. You won't want to miss this one if you're an early riser, and The Long Hall in midtown is always a safe bet to watch the game.
3. Eat an Irish breakfast
While you might think black pudding (blood sausage) is particularly daunting, the rest of an Irish breakfast happens to be very pleasant. Irish sausages and especially Irish bacon, which is immensely superior to that of the Canadian variety, make up the best of the dish, which (should) also include beans, toast and eggs.
If you've never tried it before, surely this is the day for you.
4. There's never too much (or too little) green
My darling latina editor told me that when she was younger, if you didn't wear green on St. Patty's Day, you would get pinched. This, funnily enough, is an entirely American tradition which began in the 1700s and has something to do with leprechauns. If you don't wear green in Ireland, you certainly don't get pinched.
I will be trying to squeeze an element of green into my outfit on the day, and admittedly there are years I've gone overboard (cue horrifying flashbacks to electric green, skin tight leggings and velour emerald bodysuits), but accessorising for the day is just as fun. In fact this year, in one (slightly awkward) holiday package sent to the office, we received shamrock-shaped nipple stickers, because who couldn't do with a pair of those during a girls-gone-wild moment on the day.
My favorite thing to do for the day however? An irish-flag themed manicure.
For every (American) pint (an Irish pint is larger) / glass of wine / vodka-soda / gin and tonic / shot you do, drink a glass of water. This is not child's play, you'll want to at least last until 4pm, otherwise it's all you'll be hearing for the next week in your group chat. Some of the most lauded stories of my friends' childhoods are those from Paddy's Day, during which they've over-consumed alcohol, under-consumed food and water, and have lived to regret the mistakes they made neglecting their liver (and self-respect) in the meantime.
6. Don't ask an Irish person to speak 'Gaelic'
Hold your horses on this popular instruction from across the bar. As children in Ireland, we're taught our native language, Irish, otherwise known as Gaeilge. Gaeilge is to Irish as Hola or Bonjour is to hello. 'Gaelic' is a language that predates rhyme and reason, and is akin to Old English which, if you've ever seen an original Beowulf text, is mostly incomprehensible to the modern reader.
We will however be glad to share a line of Irish with you, considering it will probably be an insult dripping with sarcasm in the form of “kiss my ass," or, “póg mo thóin."
7. Know your haunts
Word on the street is a Saturday St. Patrick's Day trumps NYC's Santacon for citywide craziness, and I absolutely believe that.
I plan on hitting midtown for a midday peek at the parade and spending a little time on in the row of pubs on 2nd ave. from 49-55th st. These bars (Draught 55, The Horny Ram, Murphy's, Jameson's) are generally pretty quiet and very low-key, so it'll b interesting to see the difference a day makes, but beyond that I'll be staying downtown. Stone St. will provide ample entertainment for any party goer new to the city as will the likes of The Swift Hibernian in Noho or the esteemable Dead Rabbit (which happens to have a larger than usual female staff leading the charge behind the bar). For late night revellers, The Mean Fiddler and Fiddlesticks will expect you.
Moral of the story is: before you head out for your celebrations, know what you like - pubs big or small, uptown or downtown - and figure out the general area you would like to be in. From there, you can't go wrong!
Lá Fhéile Pádraig folks, or, Happy St. Patrick's Day
Business entities can be defined as the corporate, tax and legal structures which an organization chooses to officially follow at the time of its official registration with the state authorities. In total, there are fifteen different types of business entities, which would be the following.
- Sole Proprietorship
- General Partnership
- Limited Partnership or LP
- Limited Liability Partnership or LLP
- Limited Liability Limited Partnership or LLLP
- Limited Liability Company or LLC
- Professional LLC
- Professional Corporation
- Nonprofit Organization
- Cooperative Organization
As estates, municipalities and nonprofits do not concern the main topic here, the following discussions will exclude the three.
Importance of the State: The Same Corporate Structure Will Vary from State to State
All organizations must register themselves as entities at the state level in United States, so the rules and regulations governing them differ quite a bit, based on the state in question.
What this means is that a Texas LLC for example will not operate under the same rules and regulations as an LLC registered in New York. Also, an LLC in Texas can have the same name as another company that is registered in a different state, but it's not advisable given how difficult it could become in the future while filing for patents.
To know more about such quirks and step-by-step instructions on how to start an LLC in Texas, visit howtostartanllc.com, and you could get started with the online process immediately. The information and services on the website are not just limited to Texas LLC organizations either, but they have a dedicated page for guiding fresh entrepreneurs through the corporate tax structures in every state.
Sole Proprietorship: Default for Freelancers and Consultants
There is only one owner or head in a sole proprietorship, and that's what makes it ideal for one-man businesses that deal with freelance work and consulting services. Single man sole proprietorships are automatic in nature, therefore, registration with the state is unnecessary.
Sole proprietorships are also suited to a degree for singular teams such as a small construction crew, a group of handymen, or even miniature establishments in retail. Also, this puts the owner's personal financial status at jeopardy.
Due to the fact that a sole proprietorship entity puts all responsibilities for paying taxes and returning loans, it directly jeopardizes the sole proprietor's personal belongings in case of a lawsuit, or even after a failed loan repayment.
This is the main reason why even the most miniature establishments find LLCs to be a better option, but this is not the only reason either. Sole proprietors also find it hard to start their business credit or even get significant business loans.
General Partnership: Equal Responsibilities
The only significant difference between a General Partnership and a Sole Proprietorship is the fact that two or more owners share responsibilities and liabilities equally in a General Partnership, as opposed to there being only one responsible and liable party in the latter. Other than that, they more or less share the same pros and cons.
Registration with the state is not necessary in most cases, and although it still puts the finances of the business owners at risk here, the partnership divides the liability, making it a slightly better option than sole proprietorship for small teams of skilled workers or even small restaurants and such.
Limited Partnership: Active and Investing Partners
A Limited Partnership (LP) has to be registered with a state and whether it has just two or more partners, there are two different types of partners in all LP establishments.
The active partner or the general partner is the one who is responsible and liable for operating the business in its entirety. The silent or investing partner, on the other hand, is the one who invests funds or other resources into the organization. The latter has very limited liability or control over the company's operations.
It's a perfect way for investors to put their money into a sector that they are personally not experienced with, but have access to people who do. From the perspective of the general partners, they have similar responsibilities and liabilities to those in a general partnership.
It's the default strategy for startups to find funding and as long as the idea is sound, it has made way for multiple successful entrepreneurial ventures in the recent past. However, personal liability still looms as a dangerous prospect for the active partners to consider.
Limited Liability Company and Professional LLC
Small businesses have no better entity structure to follow than the LLC, given that it takes multiple good ideas from various corporate structures, virtually eliminating most cons that are inherent to them. Any and all small businesses that are in a position to or are in requirement of signing up with their respective state, usually choose an LLC entity because of the following reasons:
- It removes the dangerous aspect of personal liability if the business falls in debt or is sued for reparations
- The state offers the choice of choosing between corporation and partnership tax slabs
- The limited legalities and paperwork make it suited for small businesses
While more expensive than a general partnership or a sole proprietorship, a professional LLC is going to be a much safer choice for freelancers and consultants, especially if it involves risk of any kind. This makes it ideal for even single man businesses such a physician's practice or the consultancy services of an accountant.
B, C and S-Corporation
By definition, all corporation entities share most of the same attributes and as the term suggests, they're more suited for larger or at least medium sized businesses in any sector. The differences between the three are vast once you delve into the tax structures which govern each entity.
However, the basic differences can be observed by simply taking a look at each of their definitive descriptions, as stated below.
C-Corporation – This is the default corporate entity for large or medium-large businesses, complete with a board of directors, a CEO/CEOs, other executive officers and shareholders.
The shareholders or owners are not liable for debts or legal dispute settlements in a C-Corporation, and they may qualify for lower tax slabs than is possible in any other corporate structure. On becoming big enough, they also have the option to become a publicly traded company, which is ideal for generating growth investments.
B- Corporation – the same rules apply as a C-Corporation, but due to their registered and certified commitment to social and environmental standards maintenance, B-Corporations will have a more lenient tax structure to deal with.
S-Corporation – Almost identical to a C-Corporation, the difference is in scale, as S-Corporations are only meant for small businesses, general partnerships and even sole proprietors. The main difference here is that due to the creation of a pass-through entity, aka a S-Corporation, the owner/owners do not have liability for business debt and legal disputes. They also are not taxed on the corporate slab.
Cooperative: Limited Application
A cooperation structure in most cases is a voluntary partnership of limited responsibilities that binds people in mutual interest - it is an inefficient structure due to the voluntary nature of its legal bindings, which often makes it unsuitable for traditional business operations. Nevertheless, the limited liability clause exempts all members of a cooperative from having personal liability for paying debts and settling claims.
This should clear up most of the confusion surrounding the core concepts and their suitability. In case you are wondering why the Professional Corporation structure wasn't mentioned, then that's because it has very limited applications. Meant for self-employed, skilled professionals or small organizations founded by them, they have less appeal now in comparison to an LLC or an S-Corporation.