If you are starting a company, it is important to understand your options. Different corporate entities have different benefits and formalities that must be followed. Your choice of corporate structure depends on the type of business you intend to establish.

At Tilem & Campbell, PC, we assist clients throughout Westchester County, the 5 boroughs of New York City, Rockland County, Nassau County, and Suffolk County with business formation. We handle all filing and publication requirements for the creation of:

• Corporations
• Limited liability companies
• General partnerships
• Limited partnerships
• Sole proprietorships

Furthermore, we can assist you in obtaining any necessary document copies (Articles of Organization, Certificates of Incorporation, Certificates of Amendment, etc.) filed with the New York State Division of Corporations, including certified Certificates of Good Standing or Certificates of Existence.

The following is meant to provide an overview of your business formation options. If you want more information concerning the services provided by Tilem & Campbell, PC, please visit our main business formation page.

Corporations vs. LLCs

New York State law authorizes several different types of business entities. The two most common types of business entities, however, are the limited liability company and the business corporation. Tax implications are the primary consideration in determining whether to establish an LLC or a business corporation. The choice concerning the type of business entity is a complex one with several long-term consequences. A new prospective business owner should consult with both an attorney and an accountant to determine which of these entities is best suited for the particular business situation, especially because of the tax-related consequences each entity is associated with.

The following provides a general overview of some of the more pertinent issues in business formation. It is organized under the following headings: