Choosing To Setup An LLC vs LLP

The world of taxation is subject to fads and trends. While “tax shelter partnership”, “S Corporation” and ” Reit” were once buzzwords of the industry, the hot topics for today’s financial advisors are the “LLC” and the “LLP”.

• A comparison of the advantages and disadvantages of the various business forms
• How to form a LLC or LLP
• Operating issues concerning LLCs and LLPs

• The termination of interest in the dissolution of LLCs and LLPs
• Issues affecting distributions from such entities
• Basis, At-Risk, and Passive activity considerations

Hy Appelbaum, CPA can help assist you in determining what is the best type of business to setup and will guide and assist you in setting up your business. Please contact us for more information on our services.