| Forming
a New York Limited Liability Company for your business is an excellent
decision. LLC's enjoy both the simplified pass
through taxation
of partnerships and the limited liability of corporations. An LLC has
fewer formalities after formation than a corporation--meaning you can
focus on your business and not on paperwork.
Help
protect your personal assets from lawsuits and judgments against your
company by forming a New York LLC. If you neglect to incorporate your
business, you can be held personally
liable for business debts and lawsuits. Find out about
forming a legal New York Limited Liability Company and start your
business off on the right track.
The
formation and registering of LLCs is handled by the New
York Department of State, Division of Corporations.
LLC
Name Requirements
Your corporate name must
end with the words Limited Liability Company or an abbreviation of
these words (L.L.C. or LLC).
Member/Manager
Information
Minimum Number - one or more
Members/Managers- at least
one is required to be listed in the Articles
of Organization
Residence Requirements -
none specified
Age Requirements - none
specified
License
Requirements & PLLCs
New York requires most
businesses to obtain a license and pay a fee if
operating in the state. Please check with the state to make sure your
business is complying with the license requirements for your particular
profession.
The following professions must file
as a PLLC
(Professional Service Limited Liability Company): acupuncture,
architecture, athletic training, audiology, certified shorthand
reporting, chiropractic, dentistry, dietetics and nutrition,
engineering, interior design, land surveying, landscape architecture,
massage therapy, medical physics, medicine, midwifery, nursing,
occupational therapy, ophthalmic dispensing, optometry, pharmacy,
physical therapy, podiatry, psychology, public accountancy, respiratory
therapy, social work, speech-language pathology and veterinary medicine.
Registered
Agent
The registered agent may be
an individual resident in this state or a
domestic or foreign corporation authorized to transact business in New
York, having a business office identical with such registered
office.The registered agent must have a physical address in New York, a
Post Office Box or Drop Box is not acceptable. If the registered office
includes a suite number, it must be included in the registered office
address.
Click
here to find out what a Registered Agent service is and whether you
need one.
New
York LLC Filing Fees
As of February, 2006, the
filing fee for a New York Limited Liability
Company is $200, paid to the Department of State. Expedited filing is
available at an additional charge. Expedited filing fees are: (1)
within 2 hours for an additional fee of $150; (2) the same day for an
additional fee of $75; and (3) within 24 hours for an additional fee of
$25.
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