Helping Your Business Find The Right Corporate Structure
At DeCandido & Azachi, PLLC, our attorneys work closely with small businesses and midsized companies, startups and entrepreneurs to offer skilled corporate formation guidance. We will work to identify the optimal business formation that reflects our clients’ short- and long-term goals.
Forming a new business entity in New York creates enough challenges without having to also worry about all the potential legal complications that may arise. At DeCandido & Azachi, PLLC, we work quickly to develop a comprehensive legal strategy that ensures a solid foundation. From our Forest Hills office, our business attorneys have worked with clients in Queens and Nassau County on a broad range of corporate formation issues.
Unlike the stock forms you may find online, we provide tailored advice that meets the specific legal needs unique to your business. We can assist with various formation-related issues, including:
- Drafting and reviewing partnership, shareholder and operating agreements
- Drafting and reviewing corporate bylaws
- Raising needed funding to start or grow your business
- Establishing protections that may reduce future liability of the owners
Our dedicated attorneys are here to answer questions, address your concerns and guide you to the right legal strategy. We handle every legal element of your corporate formation. This allows you to focus your time and energy on running your company.
What Are The Benefits Of Different Entities?
We can help you understand your options for forming your small business to midsized companies, including:
- Limited liability company (LLC). Forming an LLC offers you (and as many members as you choose), a shield from the debts and liabilities of your business. An LLC’s members can file associated taxes personally or as a corporation.
- Limited liability partnership (LLP). An LLP can provide two or more partners with protection from each other, but not from the LLP itself. The partners of an LLP must file their partnership-associated taxes on their personal tax returns.
- S- or C-corporation: These types of entities provide owners with limited liability protection, but they also may offer potential tax advantages in structuring compensation. Conversion from a Subchapter S-corporation to a C-corporation is also much more streamlined as a firm grows and adds shareholders.
- Sole proprietorship. Choosing to operate as a sole proprietorship frees your business from some of the regulations that LLCs face, but without the flexibility for filing taxes. Members of a sole proprietorship must file business taxes on personal returns. Sole proprietorships are responsible for all debts and liabilities.
Personalized Attention Exclusively For Your Business
As a full-service business law firm, we have the resources to assist with important matters throughout your business’s life cycle, from corporate fundraising to business dissolution. To learn more or to contact our lawyers, please call 718-690-7715 or send our office an email.