How Do I Set Up an LLC in NY? Start an LLC in New York: A Step-by-Step Guide

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Overview

New York recognizes many business forms including the limited liability company (LLC), corporation, limited partnership, sole proprietorship, general partnership and other less familiar forms. Forming an LLC should only be done after careful analysis.

When determining how to start an LLC, there are several types of LLCs to choose from. Knowing the LLC structures available is essential for selecting a business model that most closely aligns with the nature of your company and how you intend for it to operate.

For those in a hurry to form their New York LLC, expedited processing options are available.

If you decide to set up your LLC in New York, it’s important to stay on top of all ongoing compliance requirements. Firstbase is the easiest way to create and grow your business in New York.

This guide will walk you through the process step-by-step so that you can start your LLC without any hiccups.

Costs and Requirements

How much does it cost to start an LLC in NY?

Start an LLC in New York for $200 filing fee and $300-$1200 newspaper publication cost. Or use Northwest ($29 + fees) or LegalZoom ($79 + fees).

How do I form an LLC in NY by myself?

Start an LLC in New York with six easy steps:

  1. Name your LLC,
  2. Choose a registered agent,
  3. File Articles of Organization,
  4. Follow publication requirements,
  5. Create an operating agreement,
  6. Get an EIN. Or use Northwest ($29 + fees) or LegalZoom ($79 + fees).

An LLC combines corporate liability protection with partnership taxation. Analyze carefully before selecting a structure aligning with your company’s nature and operations.

New York uniquely requires operating agreements outlining LLC structure and procedures. Create one before, at, or within 90 days of filing articles of organization.

Filing articles of organization online takes 3-5 days. Mailed forms take 2-4 weeks. Expedited filing is available.

Determine if your business needs local, state or federal permits. Costs vary but most are minimal.

Foreign LLCs must register to do business in New York by submitting an Application for Authority costing $250. Include a Certificate of Existence less than a year old.

Understand LLC advantages and disadvantages to assess if the structure aligns with your goals before forming one.

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