What is an LLC?

Find the right LLC attorney in Tonawanda, NY

The LLC, or Limited Liability Company, is a business structure that was invented to offer an array of benefits normally provided by other traditional business forms. Limited liability is an advantage that the LLC shares with the corporation, but instead of being taxed as its own entity, it is treated more like a sole proprietorship or partnership for tax purposes. An LLC can also have an unlimited amount of shareholders, like a corporation. However, the LLC is dissolved if one of those members dies or files for bankruptcy. Various forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in New York, became more popular in the past several decades.

Can My Business Be Formed as an LLC?

Businesses in New York can organize using whatever form they choose. The office of the Secretary of State is the organization that accepts filings by those who want to open LLC's. However, fees are generally required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by New York law. You should consider these laws when deciding whether to organize your business as an LLC. Finding the right business structure for your company may take some effort, but it will ultimately make your business more profitable.

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

A business in Tonawanda may change its form under specific conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable New York laws.

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local attorneys practicing business law in New York.

Talk to a Business Law Attorney now!

Life in Tonawanda

Tonawanda--the name means "confluent stream" and is located in Erie County, New York. It is located across the Erie Canal and north of Buffalo.

The city is known for celebrating "Canal Fest." This is an one week festival where Tonawanda's history is celebrated. The festival aims to promote history and business for the city.

Popular sites include Gateway Harbor, Isle View Park, Niawanda Park, and The Long Homestead.

The city is home to many attorneys who have established law offices. These attorneys focus on providing residents and local businesses with excellent legal services.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA