Corporate tax without the corporation. An LLC allows a business to be taxed as a corporation without the hassles of a corporation’s business structure. LLCs are generally less expensive to operate, ...

A rarely litigated provision of the New York Limited Liability Company Law (the “LLC Law”), Section 1006, authorizes the conversion of a general or limited partnership to a New York LLC through a ...

One is less expensive, while the other provides more legal protections. Here’s how to decide. Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is ...

A recent decision from one of our favorites, Albany County Commercial Division Justice Richard M. Platkin, is a reminder to would-be assignees of limited partnership interests that without total ...

An overview of the US federal income tax rules that apply to partnership divisions, including guidance on determining whether a transaction is treated as a partnership division, the tax form of a ...

An LLC is a hybrid entity, combining the flexibility of a partnership with the liability protection of a corporation. This structure shields your personal assets from business debts, providing a ...