What Are Your LLC’s Protections Against Personal Debt in New York State?

Starting an LLC in New York State provides protection against personal debt. This is because the LLC is a separate legal entity from its owners, meaning that the owners are not personally liable for the debts of the LLC. When forming an LLC in New York, you must file a Publication Certificate with the New York Department of State. This certificate serves as public notice that the LLC has been formed and provides protection against personal debt. Additionally, forming a corporation in New York also provides protection against personal debt.

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