Legal Question in Business Law in New York

small business to incorporate or not

I am starting my own business and would like to know the best choice of legal structure.I want to make sure I have protection from liability without tax penalties.Should I form a corporation or LLC. Someone told me I should file for a business certificate,and set up as a LLC.Any help would be appreciated. Thank you


Asked on 8/12/01, 11:22 am

2 Answers from Attorneys
Robert Beatson, II Law Offices of Robert Beatson, II

Re: small business to incorporate or not

Careful consideration should be given to the numerous legal and tax variables before choosing a business entity structure in NY. Particular attention must be paid to the number of participants in the business enterprise and the range of activities the business will be engaged in. An experienced business and tax attorney should be able to help you plan, form, and finance the business in NY. Please note that a signed engagement letter is necessary in order to engage my services as an attorney. If I can be of any help to you or people you know, contact me as I would be pleased to provide legal/tax support. Sincerely, Bob Beatson, 8-13-2001, 3:25 p.m. EDT Law Offices of Robert Beatson II, 9818 Glynshire Way, Potomac, MD 20854 Tel/Fax 301-340-2951 email: [email protected] website: www.beatsonlaw.com Practice areas: Tax, business law, computer/high tech/biotech law, intellectual property, trusts/estates/wills. Licensed to practice law in: DC, MD, VA, and NY.

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Answered on 8/13/01, 3:26 pm
Robert R. Groezinger GroezingerLaw P.C.

Re: small business to incorporate or not

Hello-

Speak with your account first whether it makes financial sense.

Good Luck.

RRG

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Answered on 8/13/01, 8:47 pm


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