What are the Advantages and Disadvantages of Forming an LLC in New York?
Forming an LLC enables you to take advantage of the protection offered to a corporation and shield your personal assets from a lawsuit. There are few disadvantages to forming an LLC in NY and plenty of advantages in personal protection, fast and easy setup, and a favorable tax structure.
Are you serious about growing your side hustle into a full-time business? Read on to learn more about forming an LLC in New York State, why it’s a good idea for sole proprietors and partners to form one, and how it enables you to build your business past the level of a sole proprietorship.
