Kiritsis & Associates
Kiritsis & Associates
By John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
Kiritsis Law Group
212 922 0005
No, limited liability companies (LLCs) are typically formed as for-profit entities and are not suitable for operating non-profit organizations. Non-profit organizations are typically structured as non-stock corporations or as unincorporated associations and are exempt from federal and state income taxes. However, it's important to consult with a lawyer or an accountant for specific guidance on the requirements for forming and operating a non-profit organization.
CAN A LIMITED LIABILITY COMPANY MERGE INTO ANOTHER LEGAL ENTITY?
Yes, a Limited Liability Company (LLC) can merge into another legal entity, including another LLC, a corporation, a partnership, or another type of business entity. The process for merging an LLC into another entity depends on the laws of the state where the LLC is formed and may require approval from the LLC's owners and filing of certain documents with the state. Additionally, the terms and conditions of the merger, including the allocation of ownership interests in the surviving entity, must be agreed upon and documented in a written agreement.
New York Business Corporation Law
New York Limited Liability Company
New York General Obligations Law
NYS Office of Professions
Whether you are a new business startup or a well-established company, our law firm can help you with all of your business law legal needs. For a free consultation, you can call us at 212 922 0005.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law firm headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, start-ups to established business organizations.
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