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What Do I Need to Know About Electronic Wills in New York?
In December 2025, Governor Hochul enacted the New York Electronic Wills Act – new legislation which creates a framework for wills to be executed, attested to, and filed electronically.
Without a succession plan, a business owner’s family and/or co-owners are forced to make quick and stressful decisions. Having a procedure in place is invaluable.
The limited liability corporation, or LLC, is designed to combine the flexibility and simplicity of a basic partnership with the protection of a corporation. “LLC” stands for “Limited Liability Company” and owes its name to the fact that the members (owners) of the LLC are not personally liable for the debts and liabilities of the business.
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The Connelly vs. IRS ruling has significant implications for buy-sell agreements and corporate redemptions.
