Elawyers Elawyers
Asked in NY May 21, 2022 ,  0 answers
I am opening a small business in a retail location and a family member is my investor. Their chief concern is personal liability with tax implications a secondary concern. In this situation is it better to have the business structured as an "LLC or an "S corporation"?
Tag: 
Data From  LAWGURU_Question

2 Answers

Anonymous
Reply

Posted on / Mar. 16, 2010 11:36:00

Forming an LLC can be a little tricky, there are certain differences from filing as a corporation that can impact the company. You really may want to consider having an attorney assist you with the filing and preparation of the necessary documents. Would you be the sole member or principal of the LLC? Would you need a partnership agreement an Operating Agreement or Articles of Incorporation prepared for you? We have substantial experience handling these matters, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

Law Offices of

STEVEN J. CZIK, P.C.

101 Avenue of the Americas, 15th Floor

New York, New York 10013

212.413.4462

[email protected]

The information provided by The Law Offices of Steven J. Czik, P.C. (LOSJC) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. LOSJC is not taking and will not take any action on your behalf and will not be considered your attorney until both you and LOSJC have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain LOSJC on terms acceptable to LOSJC, you are advised to immediately seek the services of another attorney.

Anonymous
Reply

Posted on / Mar. 16, 2010 11:36:00

Forming an LLC can be a little tricky, there are certain differences from filing as a corporation that can impact the company. You really may want to consider having an attorney assist you with the filing and preparation of the necessary documents. Would you be the sole member or principal of the LLC? Would you need a partnership agreement an Operating Agreement or Articles of Incorporation prepared for you? We have substantial experience handling these matters, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

Law Offices of

STEVEN J. CZIK, P.C.

101 Avenue of the Americas, 15th Floor

New York, New York 10013

212.413.4462

[email protected]

The information provided by The Law Offices of Steven J. Czik, P.C. (LOSJC) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. LOSJC is not taking and will not take any action on your behalf and will not be considered your attorney until both you and LOSJC have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain LOSJC on terms acceptable to LOSJC, you are advised to immediately seek the services of another attorney.

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer