Utica, NY Limited Liability Company Law Attorneys

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Utica, NY Limited Liability Company Law Attorneys

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Limited Liability Company Law in Utica, NY

A limited liability company (or LLC) is a type of business entity that provides the same pass-through taxation as a partnership or sole proprietorship while also reducing the liability risks faced by the owners or shareholders. Before deciding whether an LLC is right for your company, talk to attorneys with experience in business structures to understand the pros and cons of limited liability companies. Your lawyers can help review the legal, financial, tax and risk implications for each type of business entity and help determine which structure is most appropriate. Law firms with experience representing limited liability companies can also help you form an LLC in your state, create an operating agreement, convert businesses from other structures to an LLC (or from an LLC to another structure), prepare and file required annual reports, and take the necessary steps to wind down an LLC if your company goes out of business.