How To Get An LLC In New York
How to Get an LLC in New York
A limited liability company (LLC) is a business entity that offers the limited liability of a corporation and the flexibility of a partnership. In New York, forming an LLC is a relatively simple process that can be completed in a few steps.
This can be done yourself by visiting theĀ New York Secretary of StateĀ website by following theĀ LINKĀ and following the steps listed below. You can also get an LLC in New York by contacting our Business Formation Specialists atĀ BusinessšRocketĀ for assistance. The team at Business Rocket has the knowledge and experience to file the documents on your behalf so you get the most benefits from whatever business structure you select.
Step 1: Choose a name for your LLC
Your LLC name must be unique and cannot be the same as the name of any other business entity in New York. You can search the New York State Department of State’s business name database to see if your desired name is available.
Step 2: File your Articles of Organization
Your Articles of Organization is a legal document that officially forms your LLC. You can file your Articles of Organization online or by mail. The filing fee is $200.
Step 3: Choose a registered agent
A registered agent is a person or entity that is responsible for receiving legal documents on behalf of your LLC. You must designate a registered agent in New York who has a physical address in the state.
Step 4: Publish a notice of formation
Within 120 days of filing your Articles of Organization, you must publish a notice of formation in a newspaper in New York. The notice must include the name of your LLC, the date of formation, and the address of your registered agent.
Step 5: Obtain an Employer Identification Number (EIN)
An EIN is a nine-digit number that is used by the IRS to identify businesses for tax purposes. You can apply for an EIN online or by mail.
Step 6: Create an operating agreement
An operating agreement is a document that outlines the rules and regulations of your LLC. It is not required by law, but it is a good idea to have one in place.
Once you have completed these steps, your LLC will be officially formed. You will need to keep your LLC in good standing by filing annual reports and paying taxes.
Benefits of Forming an LLC in New York
There are many benefits to forming an LLC in New York. Some of these benefits include:
- Limited liability: As an LLC owner, your personal assets are protected from business liabilities.
- Flexibility: LLCs offer more flexibility than other business entities, such as corporations. For example, LLCs can be taxed as either pass-through entities or corporations.
- Simplicity: Forming an LLC is a relatively simple process.
Conclusion
Forming an LLC is a great way to protect your personal assets and gain the flexibility you need to run your business. If you are considering starting a business in New York, forming an LLC is a wise choice.
Call to Action
If you are ready to start the process of forming an LLC in New York, we can help. We offer a variety of services to help you form your LLC, including:
- Name searching
- Articles of Organization filing
- Registered agent service
- Notice of formation publication
- EIN assistance
- Operating agreement drafting
Contact us today to learn more about how we can help you form your LLC in New York.
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