Kiritsis & Associates



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

Kiritsis Law Group

212 922 0005

In the United States, there are several different types of limited liability companies (LLCs) that can be formed, including:


Single-member LLC: A single-member LLC is an LLC with only one owner, who is referred to as the "member." Single-member LLCs are taxed as sole proprietorships for federal income tax purposes.


Multi-member LLC: A multi-member LLC is an LLC with two or more owners, who are referred to as "members." Multi-member LLCs are taxed as partnerships for federal income tax purposes.


Domestic LLC: A domestic LLC is an LLC that is formed and operates within the state in which it is incorporated.


Foreign LLC: A foreign LLC is an LLC that is formed in one state and operates in another state. Foreign LLCs are required to register with the state in which they are operating and may be subject to additional taxes and regulations.


Series LLC: A series LLC is a type of multi-member LLC that allows for the creation of separate units, or "series," within the LLC. Each series can have its own ownership structure, liabilities, and assets, while still being protected by the limited liability of the parent LLC.


Professional LLC: A professional LLC is a type of LLC that is specifically designed for certain licensed professionals, such as doctors, lawyers, and accountants, who are required to provide their services through a separate entity.


It's important to note that the specific laws and regulations governing the formation and operation of different types of LLCs may vary depending on the state in which the business is located. Consulting with a business attorney or accountant is recommended to determine the most appropriate type of LLC for your business.







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

Kiritsis Law Group

212 922 0005

The limited liability company (LLC) is a relatively new business structure in the United States, with the first LLC statute being enacted in Wyoming in 1977. Over the next two decades, other states followed suit and enacted LLC statutes of their own, with all 50 states now offering the option to form an LLC.


The development of LLC laws and regulations was influenced by a number of factors, including the increasing popularity of other forms of business ownership, such as partnerships and corporations, and the need for a business structure that offered the benefits of both.


In the early years of LLC formation, there was limited guidance and standardization of LLC laws across the states, leading to a patchwork of inconsistent and often conflicting laws. This was addressed by the adoption of the Uniform Limited Liability Company Act (ULLCA) in 1996, which provided a standardized framework for LLC laws and regulations that could be adopted by individual states.


Today, LLCs are widely recognized as a popular and versatile business structure, offering the limited liability protection of a corporation, the tax benefits of a partnership, and the flexibility of ownership and management of a sole proprietorship. The rules and regulations governing LLCs continue to evolve, with new legislation and court decisions shaping the legal landscape for LLCs in the United States.


It's important to note that the specific laws and regulations governing LLCs may vary depending on the state in which the business is located. Consulting with a business attorney or accountant is recommended to ensure compliance with the applicable laws and regulations for your LLC.



New York Business Corporation Law

New York Limited Liability Company

New York General Obligations Law

NYS Office of Professions

U.S. Constitution


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



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