Getting off to a proper start is crucial for any new business. Choosing an appropriate business structure is an important part of making sure that you achieve that proper start. The type of entity you form will impact how you are taxed, your ability to raise capital, the ease with which you may bring on partners, and more. This is why you must consider both current and future issues when starting a company. Retaining an experienced attorney, in turn, can assist you with understanding your options and making the right choices. Holly Meyer is a Long Island business formation lawyer helping with the starting and registration of new companies. She prides herself on taking an “outside the box” approach to solving problems and our firm prides itself on providing a high level of service. Contact us today to schedule an initial consultation. We also serve those in Queens, Brooklyn, and other New York areas.
Long Island lawyer setting up LLC’s, partnerships, or corporations for New York based businesses
There are several ways in which a New York based business may structure a new venture. Individuals may choose to form a partnership. They may also choose to form an LLC or they may form a corporation. These are in addition to other choices which are available. There are positives and negatives to any business structure. A partnership, for example, will provide the owners with the greatest amount of flexibility. The partners, however, will likely have higher tax burdens and greater potential liability. A Limited Liability Company (otherwise known as an “LLC”), if formed properly, can alleviate some of these tax and liability concerns but may leave little flexibility for future expansion. A corporation will provide the highest level of liability protection, but can come with the highest tax burdens. These types of issues, obviously, can greatly impact an owner’s choice for a business structure.
The first step in forming a business is to consider the short, medium, and long-term goals of the company. This will allow for the choice of a business structure which will allow for any current goals to be met while leaving room for future expansion. Once the form of the business has been chosen, the founding members will require the preparation of properly drafted company bylaws and any necessary charters. Once these documents are drafted then the company may be officially registered with the Secretary of State’s Office. The owners will then obtain an EIN number, from the IRS, for the new company along with any required business licenses. As one moves forward, it is vital to ensure that all federal, state, and local rules are followed. This is an ongoing process which, to many, can seem overwhelming. Retaining an experienced attorney can assist you with achieving future success.
Holly Meyer is a Long Island business law lawyer who assists with the formation of a new company. She will use your initial consultation to gain an understanding of your business, your goals, and to determine both your immediate and long-term needs. She will then help you to understand the pros and cons of your different options as well as other issues which you may not have considered. We will promptly draft any necessary documents, file all required items with the Secretary of State, and make sure that your needs are met. We understand that you are passionate about running your business. We focus on this area of law so that you may focus on your customers. Contact us today.
Long Island attorney helping New York businesses with keeping their records up to date
There are ongoing tasks which must be handled after you form your new company. These can include filing for renewals of your business license and other documents which must be kept up to date with the Secretary of State. Failing to meet any of these ongoing obligations can result in the loss of your ability to do business. As your company’s attorney, Holly will work to ensure that you meet your ongoing commitments so that your day to day operations are not disrupted. She will also make herself available to answer your questions, will promptly respond to any messages, and will be proactive in assisting you.
We also serve Kings County residents in Brooklyn, residents of Queens, those in Nassau and Suffolk Counties, as well as people in other New York areas.
