| 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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