How To Open Up An Llc In Ny

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.

How to open up an llc in ny. File the new york articles of organization. The articles must include. 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. An llc is essentially a hybrid between a corporation and a partnership. Create an llc operating agreement.

Follow new york s publication requirements 5. File the articles of the organization with the new york state and the state fee is 210 00. 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. Assign a new york registered agent. 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.

Give the public notice. Keep your llc active by paying necessary ny taxes. First the name of an llc must include the words limited liability company or the abbreviation llc or l l c. Once approved new york requires you to publish your articles of organization or a notice related to the llc formation within 120 days. Every ny llc must have a registered agent when it is formed.

Start your new york llc with these six easy steps. A new york llc is created by filling articles of organization with the new york department of state division of corporations. Signature the llc s organizer and. You must publish the notice in two newspapers one that is published weekly and one that is handed out daily. Second the name of the llc must be distinguishable from the names of other llc s corporations or limited partnerships on file with the department of state.

Comply with federal obligations such as getting an employer identification number. Your local county clerk has a list of all approved newspapers. The name of your business must end with corporation incorporated limited or an abbreviation of one of these. You will need the following information to apply for an ein. Name your new york llc.