Setting Up a PLLC for a New York Attorney
PLLCs are a great choice of entity for solo attorneys in New York. I’ve been practicing through a PLLC for many years now and I've helped numerous other attorneys set up PLLCs too.
The popularity of PLLCs stem from their many benefits. First and foremost, PLLCs give the owner limited liability protection in areas such as contractual liability, premises liability and personal liability related to business debts. PLLCs also allow for flow-through taxation by default, which means that the entity itself incurs no entity-level federal or state taxes. Instead, the owner pays self-employment taxes on the income earned.
PLLC maintenance is also a breeze. They require little formality as far as maintenance is concerned and only need to be renewed with the New York Department of State every 2 years. Here at the Registered Agent Co. we offer full-service PLLC formation services and the NYS processing time is expedited to ensure the fastest possible turnaround. Once complete, we will forward your formation documents to your Appellate Division and get you set up with an IRS EIN number too. Contact us for more information!