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Hello and thank you for your question.
The overall setup is possible and may even make sense for certain businesses, but generally the LLC is electing to be taxed as a corporation or there is something more to it.
Let's start by clarifying what an LLC is. Limited liability companies are created by the states and their statutes. The federal government and the tax law treat LLC's as disregarded entities for most all practical purposes.
Forming an LLC in your case would not change a thing for you with respect to your federal taxes. You would still have Schedule C income or perhaps a guaranteed payment from your partnership.
On the other hand, New York will charge you more taxes and fees.
Unless you have some non-tax reason, such as liability for legal purposes, you probably would not want to form an LLC.
If there is something more, again, feel free to clarify, but otherwise I think I'll leave my answer at the above. I do appreciate your question. Thank you again!