LLC or Corporation? The New York Perspective


Many small business owners end up deciding between a New York S corporation and a New York limited liability company (LLC) when choosing a formal legal structure for their New York business.

Both entities offer limited liability and a startup friendly tax treatment. But which entity is right for your small business? The article addresses some frequently asked questions with respect to the two business entities.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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