Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
In July of 2026, New York City’s new Pied-a-Terre tax took effect. The new Pied-a-Terre tax, also known as the non-primary residence property surcharge, went into effect on July 1st, and targets luxury second homes. Under the law, the owners of high-value residential properties that
Both LLCs and S corporations are effective methods of asset protection, but they differ in four key ways: an LLC may have an unlimited number of members, including foreign owners, and its entire net income is typically subject to self-employment taxes, while an S corporation
In today’s unpredictable world, protecting your hard-earned assets is essential. Failure to protect your assets adequately can put you in a vulnerable position subject to potential lawsuits that may jeopardize your financial stability. As an individual or a business owner, it is crucial to learn
If you are a business owner consider making your business a legal entity. A limited liability company (LLC) is a legal status given to businesses. This establishment means the business will be its own legal entity and the owner(s) can be relieved of personal responsibility
A Limited Liability Corporation, or LLC, can be utilized for any size firm, from sole proprietorships to multi-ownerships. In addition, LLCs are the most popular legal entity utilized for ownership of rental and commercial property. It can assist as a safeguard for your personal assets,
LLC vs S-Corporation – Which Is Better for Asset Protection? When it comes to personal finance, identifying the right form of asset protection follows a relatively standard process. There are options such as opening a traditional IRA, or ROTH IRA, putting your money into a