A New York LLC has several advantages that can help it succeed. An LLC in New York State provides greater protection to investors from losing more money than they invest. Many companies, therefore, want to create LLCs that allow more partners to enter investment opportunities without risking excessive financial loss.

A business must complete paperwork, secure unregistered names, and pay appropriate fees before it can become a limited liability company in New York.

Forming an LLC in New York

In order to form a New York LLC, a business must complete Articles of Organization and submit them to the New York Secretary of State. incorporate.com will submit this on your behalf using the information provided to us online. The Articles of Organization must contain the LLC Name, the County location, and the LLC's mailing address or registered agent.

When choosing a name, it is important to find one that has not already been registered by another business. incorporate.com will review the name that you request and ensure that it is available and complies with New York's requirements. This helps to eliminate unexpected delays in the company formation process, saving your business time, money, and energy. A New York LLC operating agreement is not required by state law but it will help define each member's responsibilities for the business.

Typically, "LLC" or "Limited Liability Company" follows the organization's name. New York LLC filing restricts the use of certain words in LLC names. Words such as "legal services," "academy," "education," and "fidelity" are only allowed with the state's permission.

Some words and phrases are completely prohibited. A LLC in New York cannot use or include the following words in its business name:

• corporation
• state police
• cooperative
• urban development

For a complete list of restricted and prohibited words, you can contact the New York Department of State.

New York LLC Tax and Fee Requirements

There are various New York LLC taxes and fee requirements that companies must pay. A $20 New York LLC fee is required when submitting the Application for Reservation of Name with the Department of State to hold the LLC name for 60 days so that no one else can obtain it. If a period longer than 60 days is needed, the Department of State may grant up to two extensions. Each extension will cost $20.

In addition to the $20 New York LLC fee, organizations must also file completed articles of organization to the New York Department of State. This process costs $200. It is absolutely necessary to submit the articles of organizations along with this payment to establish an LLC in New York.

According to Section 206 of the state's Limited Liability Company Law, all LLCs must publish information about their initial articles of organization in two recognized newspapers. After publication, you must send affidavits of publication and $50 to receive a Certificate of Publication.

incorporate.com includes all of the aforementioned fees and performs all of these services for you as part of its LLC service package. Entrepreneurs, sole proprietors, and partnerships interested in obtaining LLC status can rely on incorporate.com to complete these essential steps and pay the appropriate fees before the deadline on behalf of your business. As a result, your business can concentrate efforts on generating revenue and exploring new markets instead of trying to navigate the New York Department of State's complex bureaucracy.

Get New York Business Licenses

As the third largest state in terms of population, New York attracts businesses that want to compete in a wide range of industries. Before starting a New York business though, you must apply for the licenses and permits that state, city, and county agencies require for your industry. Many businesses must acquire some type of New York business license to operate legally within the state.

incorporate.com has helped many small business owners and entrepreneurs attain a business license in New York. Our decades of experience allow us to swiftly and seamlessly research the licenses and permits that you need. By allowing incorporate.com to complete this process for you, your business can avoid additional fines, fees, and delays.

Licenses and Permits That You Might Need

Depending on your industry, you may need more than just a New York City business license or a State of New York business license. If you work in transportation, for instance, your employees will need commercial driver's licenses. Other industries that require additional licenses and permits include:

• Food service
• Forestry
• Mining
• Trash removal
• Communications
• Construction

It is important to research your industry's requirements to make sure you have the appropriate licenses and permits. Without them, you could face serious fines. The state or city could even stop your business from operating until you have the right documents in order.

If your business plans to operate in the city, then you will typically need a New York City business license, as well as one from the state. Some other cities in New York also require local permits and licenses. Contact your city manager's office to determine whether you need additional documents to operate legally in the area.

incorporate.com, of course, can complete these steps for you. That way, you can concentrate on developing your business rather than having to cut through bureaucratic red tape and hunt down the correct personnel to determine whether you have all of the necessary permits to operate.

Documents for a New York State Business License

Before applying for a New York state business license, gather the appropriate documents. Gathering the necessary documents beforehand will ensure that you receive all of the permits and licenses that you need to operate your business legally.

Other documents that you might need when applying for your license include:

• Your tax ID number
• Your business's insurance policies
• Any licenses required to operate machinery, vehicles, or other items.

You can begin the license application process once you have gathered these items.

After You Obtain a New York Business License

Once you obtain the appropriate New York business licenses for your industry, there should be little difficulty in keeping them current. Some licenses, however, might require additional training of you or your staff. This is to ensure that all employees within your business (and in an industry as a whole) have the right level of education to competently perform their duties.

If your New York State business license lapses, you may be subject to fines from the city or state. You will also need to reapply for your license rather than renew it. This can take weeks or months, especially if you need to pass an inspection before getting the license.

incorporate.com can help make sure that all permits and licenses for your business are kept current so that you never have to worry about unnecessary fines and delays at a crucial moment.

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