Legal Question in Business Law in New York

If the business is the same in both states, it would make more sense and it would be more efficient to do the latter. Otherwise you would have to file 2 separate tax returns, etc.

I agree. It makes no sense to form two LLCs for the same business. http://www.CheapNewYorkLLC.com

The answer to your question depends on how the two businesses are set up. Whether they share vendors or customers, whether capital is allocated to each independently, how is the accounting for the two done, whether there are different equity partners in each, what is the risk profile as well as many other factors.

As you can see the facts and circumstances need to be reviewed to render an opinion. Such review is generally not a costly one and my office can assist you.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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