Legal Question in Business Law in New York

I am considering opening a business and am wondering what the best structure would be, sole proprietor or llc? I am looking to open a can and bottle redemption center. The only liability I can foresee is a customer having an accident either in the parking lot or in the store. Would it be necessary to have the protection for this type of business?


Asked on 10/16/12, 8:15 pm

2 Answers from Attorneys
Walter LeVine Walter D. LeVine, Esq.

One never knows what accident might befall a customer. Better to be safe than sorry - form a LLC. Also, be sure you carry liability insurance also.

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Answered on 10/16/12, 8:59 pm

Though my colleague is correct as far as liability, you should also consider forming an s-corp which may have a tax advantage over a one member LLC.

You should consult a startup attorney to make sure you're on the right path. Typically, such a consultation is not expensive. Feel free to contact me at your earliest convenience.

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Answered on 10/16/12, 10:07 pm


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