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Recommendation: Form a Professional Service Limited Liability Company (PLLC)

A licensed professional in New York can form a Professional Service Limited Liability Company (PLLC). This is a special designation for professionals and typically requires state licensure for the professional to practice, such as a doctor, lawyer, marriage and family therapist, and massage therapist.

Recommendation: Form a Limited Liability Company (LLC)

A New York Limited Liability Company (LLC) is the simplest way to structure your business. It involves filing paperwork with the state, creating internal governance documents, and setting up your taxes. Your personal assets (home, car, etc.) will be insulated from liability from your business operations, and your business name will be protected.

Contract

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Recommendation: Form a Non-Profit Organization 501(c)3

501(c)3 is a federal designation for non-profit organizations formed to carry out a mission of charitable work. Charitable organizations largely derive funding from donations or grants, and are exempt from some federal income taxes.

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Employee Issue

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