Legal Question in Business Law in New York

Starting a one-person LLC?

Hi,

I'm a software developer looking to start create an LLC for myself. I do a lot of contract work and want some legal protection.

1) Can I form a one person LLC? I'm in New York state.

2) If I want to dissolve the LLC at some point in the future, is it a difficult thing to do?

Thank you


Asked on 2/27/09, 4:44 pm

3 Answers from Attorneys
Steve Brodsky Esq. CheapNewYorkLLC.com

Re: Starting a one-person LLC?

1. Yes.

2. Very easy.

3. If you're doing it yourself, don't forget all the requirements (i.e. operating agreement, legal publishing). Need assistance? My prices are the lowest in NY.

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Answered on 2/28/09, 10:44 am
Kristen Browde Browde Law, P.C.

Re: Starting a one-person LLC?

Yes, one person LLCs are permitted.

No, dissolution isn't difficult - assuming your corporate taxes remain paid.

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Answered on 2/27/09, 4:47 pm
William Frenkel Frenkel Sukhman LLP

Re: Starting a one-person LLC?

In answer to your questions,

1. Yes, one member LLC is now permitted in NY.

2. Not particularly difficult to dissolve, if your LLC does not have any unpaid tax liability.

Keep in mind that to avail yourself of legal protection afforded by any type of legal entity, you must follow the formalities prescribed by the relevant law in conducting business. LLCs have fewer formal requirements for their maintenance than corporations but these must still be followed.

The above reply is in the nature of general information, is not legal advice and does not form an attorney-client relationship.

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Answered on 2/27/09, 4:52 pm


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