What is an LLC?

Find the right LLC attorney in Irondequoit, NY

The LLC, or Limited Liability Company, is a business structure that was invented to offer an array of benefits typically provided by other traditional business forms. An LLC has the same advantage of limited liability that a corporation does, but without being taxed as its own entity. Instead, it's taxed more similarly to a sole proprietorship or partnership. Also like corporations, LLC's can have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Limited liability has historically been a primary goal of many business forms, but since the legislature authorized it in New York, the modern LLC has become increasingly popular.

Can My Business Be Formed as an LLC?

In New York, a business can be formed using the form that it chooses. Opening an LLC simply requires that the business founders file a form with the Secretary of State. However, fees are often required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by New York law. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business may take some effort to find, but finding the right business form can reward you with increased profitability.

Can I Change the Form of My Business to an LLC?

Businesses in Irondequoit may change their forms in certain circumstances. Whether a business may convert to a LLC or not is determined by New York law.

How Can an Attorney Help?

Whether it would be favorable for your business to form or convert to a LLC is a difficult decision. An attorney practicing business law in New York can give you valuable advice.

Talk to a Business Law Attorney now!

Life in Irondequoit

Irondequoit is located in Monroe County, New York. It has a population of 51,692 per the 2010 census. It is large suburb of Rochester.

Popular sites include Helmer Nature CENTER, Irondequoit Bay Outlet Bridge, Parkside Whispering Pines, Rochester Canoe Club, Seabreeze Amusement Park, and The Flats.

Many attorneys have established practices in the suburb. Therefore, residents and businesses can rest assured because their legal needs can and will be taken care of.

Famous residents include David Walker, Cal Ripken Sr., Sean Lahman, Don Holleder, and Steve Gadd.

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