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The A.C. Smith Law Firm will work with you to create a business entity best suited for your needs and the needs of your business. The most common business entity formed by entrepreneurs and small business is a Limited Liability Company (LLC). Schedule a consultation with our attorney so we can help you build your business and brand on a solid legal foundation!

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What is a Limited Liability Company (LLC)?

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A limited liability company is is a business structure that protects its owners from personal responsibility for its debts or liabilities. It is seen as a hybrid structure that combines features of both a corporation and a partnership.

 

Like a corporation, LLCs provide their owners with limited liability in the event the business fails or gets sued. But like a partnership, LLCs “pass-through” their profits so that they are taxed as part of the owner's personal income. This avoids "double taxation" of both the company and its individual owners.

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An LLC also offers tax flexibility. They can choose to be taxed as a sole proprietor, a partnership, an S corporation or a C corporation.

 

Our Limited Liability Formation Services Include:

• Name Availability Check

• Draft Articles of Organization

• File Articles of Organization

• Obtain Employer Identification Number

• Operating Agreement Template

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*New York LLC Publication Requirement: New York LLC law requires that a notice related to the formation of the LLC must be published in two newspapers within 120 days after the LLC is formed.*