Kiritsis & Associates
Kiritsis & Associates
By John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
Kiritsis Law Group
212 922 0005
LLCs are often used by small businesses, real estate investors, and professional service providers. LLCs can be used to hold real estate or other assets, which can provide additional protection against personal liability. LLCs can be owned by a single member, known as a single-member LLC. Single-member LLCs are typically taxed as sole proprietorships, unless they elect to be taxed as a corporation. LLCs can have multiple classes of membership interests, which can be useful in structuring ownership and management arrangements. LLCs can be dissolved voluntarily by the members, or involuntarily by the state or a court. LLCs are subject to state laws regarding securities, which can affect how the company can raise capital and sell ownership interests.
Chapter 34 Article 12 of the New York Limited Liability Company Law pertains to miscellaneous provisions related to LLCs in New York. It covers a variety of topics, such as the application of the law to professional service LLCs, the role of LLCs in providing limited liability to members and managers, and the relationship of LLCs to other types of business entities. The article also discusses the effect of the law on existing contractual and other legal obligations, as well as the rules for enforcing judgments against LLCs. Additionally, it covers the applicability of other laws and regulations to LLCs, such as securities laws and environmental regulations.
New York Business Corporation Law
New York Limited Liability Company
New York General Obligations Law
NYS Office of Professions
Hadley v. Baxendale, 9 Exch. 341 (1854)
Wood v. Lucy, Lady Duff-Gordon, 222 N.Y. 88 (1917)
Jacob & Youngs v. Kent, 230 N.Y. 239 (1921)
Restatement (Second) of Contracts (1981)
Peevyhouse v. Garland Coal & Mining Co., 382 P.2d 109 (Okla. 1962)
Frigaliment Importing Co. v. B.N.S. International Sales Corp., 190 F. Supp. 116 (S.D.N.Y. 1960)
UCC § 2-207, Comment 1
Williams v. Walker-Thomas Furniture Co., 350 F.2d 445 (D.C. Cir. 1965)
Farnsworth on Contracts (1990)
Henningsen v. Bloomfield Motors, Inc., 32 N.J. 358 (1960)
The “Battle of the Forms” - UCC § 2-207
The “Parol Evidence Rule” - UCC § 2-202
The “Perfect Tender Rule” - UCC § 2-601
The “Statute of Frauds” - UCC § 2-201
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
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