Legal Question in Business Law in New York

Re: LLP and LLC

An LLP is a limited liability partnership. It requires that you have two or more entities involved in it.

An LLC is a limited liability company. This form can have a sole member.

Other than that, there's really not a lot of difference between them. Both forms drop the "corporate veil" for personal liability issues provided you comply with the requirements for maintaining the separate-entity form.

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Re: LLP and LLC

Ask you account which is best for you from a financial standpoint. Then speak with an attorney.

Good Luck

RRG