NEW YORK LIMITED LIABILITY COMPANY LAW CHAPTER 34 ARTICLE 11: A QUICK LOOK AT THE FRANCHISE TAX IMPACT PROVISIONS.

 

By John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M

 

Kiritsis Law Group

 

212 922 0005

 

Chapter 34 Article 11 of the New York Limited Liability Company Law pertains to the fees and taxes associated with LLCs in New York. It outlines the filing fees and other charges associated with the formation, registration, and maintenance of LLCs, as well as the procedures for paying such fees and charges. The article also covers the rules and procedures for paying taxes, including income and franchise taxes, and the consequences of failing to pay such taxes. Additionally, it discusses the allocation of tax liability among members and the procedures for obtaining tax information and filing tax returns.

Sources:

 

New York Business Corporation Law

 

New York Limited Liability Company

 

New York General Obligations Law

 

NYS Office of Professions

 

U.S. Constitution

 

 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

 

Suite 1306

 

Brooklyn Office (By Appointment Only):

 

1023 74th Street

 

Brooklyn, NY 11228

 

1st Floor

 

New Jersey Office:

 

7309 Ventnor Avenue

 

Ventnor, NJ 08406

 

2nd Floor

 

 

 

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.

 

 

 

We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the topic you may be interested, or simply to find out how our law firm can help, you may click at any of our site's links.

 

 

 

We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person.

 

Phone 212-922-0005

 

 

 

Intellectual Property Disclaimer(s):

 

   COPYRIGHT 2023

 

The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.