New York Business Formation Attorney

”From a client’s perspective Mr. Yellen is one of the few attorneys that is willing to listen, comprehend, analyze and provide superior recommendations on matters that are that relating to finance and accounting in structuring mergers and acquisitions.
Chirag ToliaManager of Real Estate Financial Analysis at Equitas MG / EMJ Corporation

Business Formation Attorney New York

In business, getting started on the right foot can make all the difference.

Chidatma Law Group works with you to establish the proper foundation through business planning and formation. Each business is as unique as the person starting it. Our team works with you to understand your business, your goals, and your approach to ensure you make the right legal decisions for your company today and in the future.

We assist clients in selecting the most effective entity for their business. Whether you seek the ease of operation as a sole proprietorship or the protection from liability of a corporation or LLC, we can explain the advantages, disadvantages, and requirements.

Chidatma Law Group also provides valuable legal services during the operation of your business, such as:

Negotiating business agreements
Determining how profits will be divided
Ownership percentages and rights
Partnership agreements
Dissolution agreements
Protecting clients in business successions
Assisting in the sale and purchase of a business
Outlining shareholder agreements and employee contracts

We will outline the pros and cons of each type of business entity and help you determine which is right for you particular situation. Selecting the best business entity can have a significant impact on the success of the business.

Business incorporation and entity choices include:

Joint Ventures
Partnerships
Sole Proprietorships
Limited Liability Companies (LLCs)

Limited Partnerships (LPs)
S-Corporations
C-Corporations
B-Corporations

Joint Ventures
Partnerships
Sole Proprietorships
Limited Liability Companies (LLCs)
Limited Partnerships (LPs)
S-Corporations
C-Corporations
B-Corporations

No matter what incorporation or entity you choose, we will prepare and file all appropriate state and federal documents.

These include:

Draft and file your articles of incorporation or organization
Draw up bylaws and initial resolutions
Register your business name
Obtain an Employer Identification Number (EIN)

File S corporation elections
Confer with you and your partners to structure an operating or shareholder’s agreement

Draft and file your articles of incorporation or organization
Draw up bylaws and initial resolutions
Register your business name
Obtain an Employer Identification Number (EIN)
File S corporation elections
Confer with you and your partners to structure an operating or shareholder’s agreement

Business Formation FAQs

1. How long does it take to form a business in New York?

The timeline for forming a business in New York depends on the entity type and filing requirements. LLC formation can take anywhere from a few days to several weeks, depending on filing speed and publication requirements. A business formation lawyer can help keep the process moving efficiently.

2. What is the New York LLC publication requirement?

New York requires newly formed LLCs to publish notice of formation in two newspapers for a set period. This step is often overlooked, but failing to complete it can affect your ability to do business in the state. We help clients understand what’s required and make sure the process is handled correctly.

3. Do I need a New York business formation lawyer to start my company?

You are not legally required to hire a lawyer to form a business in New York, but many owners choose to work with a lawyer to avoid mistakes. Entity selection, ownership structure, and internal agreements can have long-term legal and financial effects if handled incorrectly.

4. What documents should be created after the business is formed?

After forming an LLC or corporation in New York, most businesses need internal documents such as operating agreements, shareholder agreements, or partnership agreements. These documents are not filed with the state but are critical to how the business is run and how disputes are handled.

5. Can I change my business structure later if my company grows?

Yes, many businesses evolve. It’s possible to convert or restructure your entity as your needs change, such as bringing on investors or adding partners. Working with a New York business formation attorney helps ensure the transition is handled properly and avoids unintended tax or liability issues.

6. What’s the difference between forming a business and registering it to operate in New York?

Forming a business creates a legal entity. Registering allows an out-of-state entity to legally operate in New York without forming a new business. This distinction is common during expansions and often requires guidance from a business formation lawyer familiar with New York regulations.

7. Do I need a registered agent for my business?

Yes. Most businesses formed in New York must designate a registered agent or rely on the Secretary of State to receive legal notices. Choosing the right setup helps ensure important documents are received and addressed promptly.

8. What ongoing obligations come after formation?

After formation, businesses must stay compliant with ongoing requirements such as state filings, recordkeeping, and updating agreements when ownership or operations change. A business formation attorney can help business owners stay organized and compliant as the company evolves.

Contact a Trusted Business Formation Attorney!

When you have an ongoing relationship with an attorney you trust, you will have the peace of mind that comes with knowing you have every legal situation covered. You can feel confident that, whatever happens, you have the legal support to handle it.

Call The Chidatma Law Group today to schedule an appointment with our team to learn more about the many ways we can support your business success, both now and in the future.

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