Legal Question in Business Law in New York

- You should establish your venture as a business entity. A sole proprietorship is not a business entity. A business entity can either be a LLC (limited liability company) or a corporation. A business entity will provide limited liability and tax advantages.

- You must pay all taxes including sales tax and payroll taxes. Once you establish your business entity you will register with the IRS and get an employment identification number (EIN) with which you will file the relevant tax returns. The tax treatment will depend, in part, on whether you choose a LLC or a corporation as your business entity. You should use an accountant for your and the company's taxes.

- The question about accreditation is an excellent one. It is impossible to answer it under this site's limited framework and it depends on the subject matter and the nature of certification you are offering.

- You don't have to be resident of NYC to establish a business in NYC. In addition, a P.O.B. can be used as the address of a business.

Feel free to contact my office at your earliest convenience for further assistance in this matter.

Roman R. Fichman, Esq.

www.TheLegalist.com │ @TheLegalist

email: Info (@) TheLegalist (dot) com

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