You can search for, get copies of, or update property ownership records, such as deeds and mortgages. A deed is often referred to as a title.An LLC treated as a sole proprietorship must report its business income and expenses on the member's New York State personal income tax returns. Protect your personal assets as a rental property owner. A lessor is a person or legal entity that owns a property and rents it out to a lessee, who in term pays the lessor to live in their property. The business structure you choose influences everything from daytoday operations, to taxes and how much of your personal assets are at risk. Under the New York limited liability company law, a business name registration entails the exclusive right to use the name. Section 347.039, RSMo. Sets forth the information that must be provided in the articles of organization. It is typically advisable to select a name that projects the image you want for your new company.