Legal Question in Business Law in New York

Some states (like Delaware) have a formal statutory process allowing an LLC to convert to a corporation. New York, however, does not have such formal process in place. To achieve a "conversion" an LLC can either merge into a corporation or be dissolved and a new corporation formed. Either option presents business and tax issues and requires paperwork so the real question is why convert?

I suggest you consult this issue with an attorney who could save you a whole lot of money and time.

I find that a simple one hour consult is often enough in such matters. You will have much greater clarity. Contact me directly for further assistance.

Roman R. Fichman, Esq.

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