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The formation of a business is a crucial time that determines many legal and tax outcomes. You want to be sure that you are choosing the right way to form your business, and using a lawyer skilled in large and small business formation is crucial. Business structures can be used to secure financing and impact taxation, record-keeping, and liability. There are many documents that need to be prepared and kept current in the formation of a business, and Katz Law Firm would love to use our expertise to help you in your next business venture. Business formation can include:

  • LLC: An LLC is a limited liability company that separates your business from your personal liability. An LLC combines characteristics of corporations with the tax structure of a sole proprietorship. There are many advantages to forming an LLC, including the protections associated with corporations, but there are drawbacks to consider as well. Unlike a corporation, an LLC has to be dissolved upon the death of a member, so future financial planning is important to consider when forming an LLC. Have a skilled attorney assist you in deciding whether an LLC is the best choice for your business.
  • LLP: An LLP is a limited liability partnership that has elements of a corporation and a partnership. In an LLP all partners have some form of liability that is similar to shareholders in a corporation. An LLP differs in tax liability from a corporation, which is why you want the assistance of an attorney in deciding if this is the right business formation for you.
  • C-Corporation: Most for-profit corporations are automatically classified as C corporations. Within these corporations, the business is taxed separately from the owners, and there is no shareholders limit. There are certain tax advantages to a C-Corporation, but there are also a good amount of start up fees and paperwork
  • S-Corporation: S-Corporations are similar to C-Corporations in many ways, but the biggest difference lies in the taxation. S-Corporations are considered pass-through tax entities that do not pay tax at the corporate level. The profits or losses are passed through to the shareholders and filed on a personal return. Because there are so many similarities between S and C-Corporations, it is important to get legal advice before deciding on a formation.
  • PC: A Professional Corporation is how many business owners choose to incorporate in the fields of accounting, medicine, engineering, and architecture. A Professional Corporation can help protect your personal assets against any lawsuits. Professional Corporations are usually taxed like C-Corporations.

As you can see, there are many options when choosing how to form your business, and each choice can lead to different taxation and liability. Having legal counsel is crucial in the early stages of business formation. Whether you are choosing to form an LLC, S-Corporation, or a Family Business Entity, Katz Law Firm can help. We can not only help you form your business, but advise you on wealth-transfer planning and asset protection so your financial business gains are protected. Contact us today to get started helping your business grow and prosper.

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Our Process

FROM COMPLEXITY
TO CLARITY - YOUR ESTATE AND TAX PLANNING JOURNEY STARTS HERE

Crafting a lasting legacy that reflects your values and aspirations starts with a purpose-driven plan.

1
BOOK A CALL

Start your journey with a personal consultation to discuss your estate planning needs and questions.

2
OUTLINE YOUR GOALS

Define your legacy with clear goals for asset distribution, family protection, and wealth preservation.

3
CREATE YOUR PLAN

Craft a tailored estate plan that aligns with your objectives and provides legal protection for your assets.

4
PERFECT PEACE OF MIND

Finalize a secure, comprehensive plan for future certainty and peace of mind for you and your loved ones.

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TAX & ESTATE PLANNING THAT GROWS WITH YOU

As Your Life Changes, So Should Your Estate Plan. Our Flexible Solutions Adapt To Your Unique Needs, Providing Ongoing Peace Of Mind.

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Meet Our Dedicated Estate Planning Attorney

MEET ATTORNEY Adam Katz, YOUR LOCAL Cedarhurst, Ny ESTATE & TAX LAWYER

Our lead estate planning attorney, Adam Katz, is passionate about helping families and individuals navigate the complex world of estate planning with compassion and a personal touch.

With more than 17 years of experience in estate planning and probate law, Adam Katz has helped countless clients achieve peace of mind by crafting comprehensive plans tailored to their unique needs and goals. He takes the time to listen to your concerns, explain your options in plain language, and guide you through every step of the process.

Adam Katz believes that estate planning should be an empowering experience, not a daunting one. He is committed to building long- lasting relationships with clients, ensuring that your plan evolves as your life changes. Whether you’re just starting your estate planning journey or need to update an existing plan, Adam Katz is here to provide the knowledgeable guidance and support you deserve.

At Katz Law Firm, we understand that estate planning is not just about drafting documents; it’s about building relationships and creating a lasting impact.

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New York City and:

CRAFTING YOUR
LEGACY, ONE DOCUMENT AT A TIME!