How To Open Up An Llc In Ny

The articles must include.

How to open up an llc in ny. File the articles of the organization with the new york state and the state fee is 210 00. You have to follow the following steps to start an llc in new york. To open a us llc you don t even have to live in the us. Your local county clerk has a list of all approved newspapers. First the name of an llc must include the words limited liability company or the abbreviation llc or l l c.

Create an operating agreement. When you re starting a business in ny one of the most important decisions you ll need to make is what entity structure your business will have. See if the name is available by searching for it on the new york department of state website. A new york address where the secretary of state should mail legal documents to the llc. The county in new york where it will be located.

It provides the limited liability of a corporation so your personal assets are protected in case of a lawsuit or bankruptcy and the operational flexibility of a partnership structure. Create an llc operating agreement. Once approved new york requires you to publish your articles of organization or a notice related to the llc formation within 120 days. After approving the articles with the new york state you will apply for an employer identification number with the internal revenue service to open a bank account and filing taxes. Start your new york llc with these six easy steps.

You will need the following information to apply for an ein. Provide an official address for your ny state corporation. Follow new york s publication requirements 5. Choose a registered agent in new york. An llc is essentially a hybrid between a corporation and a partnership.

You must publish the notice in two newspapers one that is published weekly and one that is handed out daily. Every ny llc must have a registered agent when it is formed. This is an official position. The name of your business must end with corporation incorporated limited or an abbreviation of one of these. The registered agent is someone who receives official legal and tax correspondence and has responsibility for filing reports with the new york department of state.