Kiritsis & Associates



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

Kiritsis Law Group

212 922 0005

Limited liability companies (LLCs) offer several unique ownership features that set them apart from other business structures. Here are some of the most notable ownership features of LLCs:


Flexibility: LLCs offer a high degree of flexibility in terms of ownership structure, management, and profit and loss distribution. The owners can structure the business in a way that meets their specific needs and goals.


Pass-through taxation: LLCs are generally treated as "pass-through" entities for tax purposes, which means that the business itself does not pay federal income tax on its profits. Instead, the profits and losses are "passed through" to the owners, who report their share of the business's income or loss on their individual tax returns.


Limited liability: LLCs offer limited liability protection to their owners, also known as "members". This means that members are generally not personally responsible for the debts and obligations of the LLC.


Easy to form and maintain: Compared to corporations, LLCs are relatively easy to form and maintain. They typically have fewer formalities and requirements, such as annual meetings and extensive record-keeping, which makes them a popular choice for small businesses.


Multiple members: LLCs can have multiple members, which provides a flexible way for owners to bring in additional investors or partners without giving up control of the business.


It's important to note that the specific laws and regulations governing LLC ownership 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 ownership structure 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



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):


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.

Website Created & Hosted with Website Builder