Legal Question in Business Law in New York

Based on this being a one-member LLC and the fact that you are domiciled in New York, likely means that you will have to pay taxes in New York. Therefore, your assumption that registering in Delaware will result in lower taxes is likely misguided.

There are additional issues to consider including the higher cost of publication for foreign LLCs registered in the state of New York.

I highly encourage you to seek the counsel of an attorney who is intimately familiar with startups. Feel free to contact my office at your earliest convenience if you have any further questions.

Roman R. Fichman, Esq.

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