Setting up a limited liability company (LLC) might entail less paperwork. But that doesn’t mean you won’t need legal help. If you plan to file for an LLC in NY, you’ll need professional assistance. Here are a few things you can look forward to when you have a lawyer by your side:
Paperwork Assistance
You’ll need to file articles of organization with the secretary of your state, says the Wall Street Journal. It’s a short form, one that typically contains the names of the LLC, along with its members and their contact numbers. There’s a filing fee. Check to make sure you know the cost of applicable fees in your state. However, other states may ask you to submit more requirements. Since paperwork mistakes can lead to delays, having a lawyer help you through this process can mean faster processing times.
Check For Loopholes
Another good reason to hire a lawyer when you file for an LLC in NY is to make sure your interests are protected. You’ll you need to draft an operating agreement for your LLC, after all. If you failed to cover all your legal bases, that could lead to a tricky loophole, one that could have long-term implications for your organization. To protect against these, have a lawyer read through the paperwork and check for possible snags and loopholes.
Reduce Your Taxes
By properly filing for an LLC, you can take advantage of one of its perks: enjoying reduced taxes. That could mean massive cost-savings in the future for your organization. By hiring a lawyer to help you file, you have the assistance and guidance you need to come through the experience, unscathed.
Putting up an LLC will already mean a number of challenges. Make your life easier by getting the help you need. Call Ask Uncle Phil Tax Advice for assistance. You can connect with them on Facebook for more information!
