LLC stands for limited liability company, and it is a business structure that provides its owners with limited liability protection. Many people choose to form LLCs because they offer the benefits of both a corporation and a partnership. And, unlike corporations, LLCs are not required to hold annual meetings or keep minutes of meetings.
There are a few different ways that you can go about forming an LLC in New York. You can either do it yourself, use an online service, or hire an attorney.
If you decide to form your LLC yourself, you will need to file the articles of organization with the New York Department of State. The articles of organization must include the name and address of the LLC, the names of the members, and the LLC’s duration. You will also need to pay a filing fee, which is currently $200.
If you decide to use an online service, there are a few things you should keep in mind.
- First, make sure that the service is approved by the New York Department of State.
- Second, be aware that you will still be responsible for filing the articles of organization and paying the filing fee.
- Third, make sure that the service offers some sort of customer support in case you have any questions or problems.
If you decide to hire an attorney, he or she will likely handle all aspects of forming your LLC for you. This includes filing the articles of organization and paying the filing fee. The downside to this option is that it will likely be more expensive than doing it yourself or using an online service.
No matter which option you choose, keep in mind that forming an LLC is just one step in starting your business. You will also need to obtain any necessary permits and licenses, open a bank account for your business, and get insurance.
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