How Do I Convert a Partnership, Corporation or Other Entity into an LLC?

(You may also want to read our related post, “How Do I Convert a Partnership, LLC or Other Business Entity into a Corporation?“) The New York Limited Liability Company Laws and the Delaware Limited Liability Act have provisions to easily convert an existing general partnership or limited partnership (and with respect to Delaware, “other entities”… [Read More]

Tags: Business Links, Business LLC, Business Merger, Conversion, Convert, Partnership

Why Choose a Limited Liability Company (LLC) over a Corporation For Your Small Business?

An LLC  combines the limited liability advantages of a corporation with the control and tax advantages of a partnership.  You can elect to have your LLC taxed as a corporation, or you can elect to have it be a “pass through” entity (taxed like a partnership – the LLC’s income and losses are reported on… [Read More]

Tags: Business LLC, Business Tax, New York business attorney, NY business lawyer

What are the benefits of having an LLC?

A New York Limited Liability Company  has the following benefits: Liability Protection Like a Corporation. New York LLC members are generally protected from personal liability for debts and claims of the business. This means that if the business can’t pay a creditor or gets sued, the creditor cannot legally come after the member’s personal assets… [Read More]

Tags: Business LLC, Business Tax, Convert, Operating Agreement, Partnership

Links to New York State and the City of New York Laws

Here are a few links to the websites maintained by the New York State and the City of New York legislatures. New York State Legislature – Laws of New York, Bills, Resolutions, Bill Text, Status, Summaries, Sponsor Memos, Floor Votes. NY Department of State-Division of Administrative Rules – New York Codes, Rules and Regulations (NYCRR).… [Read More]

Tags: Business Links

Starting an LLC or a Business in New York? Here is my Business Startup Checklist

As a corporate attorney representing startups and established companies, I am frequently asked for a checklist of items to consider when starting a business.  Here is a “10,000 foot” overview of what needs to get done in starting or buying a large or small business in New York: Choose Your Business Structure What type of… [Read More]

Tags: Business Checklist, Business Links, Business Tax, Operating Agreement

Welcome to the New York Law Blog

Welcome to our lawyer blog with free legal information for large and small businesses, start-ups and entrepreneurs in New York written by New York City business attorney, internet lawyer, and real estate attorney, Craig Delsack. We continuously add content, so please check back often. Of course, if you can’t find your answer here, you can visit our site at www.nyccounsel.com or call us at (212) 688-8944. [Read more]

Tags: business attorney, business lawyer, NY Internet Lawyer, NY real estate attorney