400 Columbus Avenue, Suite 124s
Valhalla, New York 10595
Tel. 914-741-5050
Fax. 914-741-5850
Email: info@wolperlaw.com
Contact Us
Wolper Law Firm, PLLC
400 Columbus Avenue, Suite 124s
Valhalla, New York 10595
Tel. 914-741-5050
Fax. 914-741-5850
Email: info@wolperlaw.com
FAQs
A corporation is an entity that is treated as a person in the eyes of the law. Corporations can own property, incur debts and sue or be sued. The corporate form offers the maximum amount of protection for the individual businessperson.
A subchapter "S" corporation combines the protection of a corporate entity with taxation passed through to the individual shareholder’s personal tax return.
For all corporations where there are mulitple shareholders, a written shareholder's (buy/sell) agreement is essential.
A limited liability company [LLC] is treated as a partnership for federal tax purposes and provides limited liability protection for owners at the state level.
A limited liability partnership [LLP] protects individual partners from the liabilities of other partners.
For all limited liability entities, a written operating agreement is critical so that all members rights and obligations are established.
Partnerships are organizations of two or more people who pool their capital and abilities in a business and divide the profits or losses according to predetermined proportions. All partnerships should have a written "partnership agreement" so that each partner's rights and responsibilities are defined.
A sole proprietorship is a business venture carried on by individuals and taxed on their personal tax return.
2012-2021 © All rights reserved. Wolper Law Firm, PLLC.