Frequently Asked Questions
Q1. Should I form an LLC or a corporation?
It depends on ownership, tax goals, and governance needs. We help evaluate the pros and cons and prepare all required formation documents.
Q2. I’m based in NJ but selling in NY—where do I form?
We’ll compare New Jersey, New York, and Delaware options and handle any required “foreign qualification” filings.
Q3. What documents do I need to start?
LLCs require an Operating Agreement; corporations need Bylaws and initial resolutions. Both need EINs, bank accounts, and compliance filings.
Q4. Do I need a registered agent in each state?
Yes—if you’re registered to do business in multiple states, each state requires its own agent for service.
Q5. Can you help with S-corp election?
Yes—we coordinate legal filings with your tax advisor to ensure eligibility and compliance.
Q6. We’re two co-founders—how do we avoid deadlock?
Include clear voting rules and buy-sell provisions in your Operating Agreement or Shareholders’ Agreement.
Q7. What ongoing governance is required?
Annual meetings or resolutions, updated ownership records, and regular reviews of key contracts and compliance filings.
Q8. Do you work with both Korean and non-Korean clients?
Yes. We serve a broad client base across New York and New Jersey, with bilingual capability when helpful.