New York City LLC Formation Lawyers
New York City Law Firm Specializing in LLC Formation
Navigating the legal complexities of forming a Limited Liability Company (LLC) can be daunting. Our New York City law firm is here to help you establish your LLC and ensure that it meets all legal requirements. With our team of experienced attorneys, you can rest assured that your business will be set up for success.
What is an LLC?
An LLC is a type of business entity that offers its owners limited liability protection, separating personal assets from business debts. This hybrid structure combines features of both corporations and partnerships, providing flexibility in management and taxation.
Benefits of an LLC
- Limited Liability: Owners are not personally liable for the company’s debts or liabilities.
- Flexible Management: No strict requirements regarding the management structure.
- Tax Advantages: Profits and losses can be passed through to owners, avoiding double taxation.
Our LLC Formation Services
Our law firm specializes in assisting clients with the formation of their LLCs in New York City. Our services include:
We begin by discussing your business goals and determining if an LLC is the right choice for your needs. We also provide guidance on choosing the best name for your LLC, ensuring that it complies with New York State regulations.
Preparation and Filing of Documents
Our team will prepare and file the necessary documents, including the Articles of Organization, with the New York Department of State. We will ensure that all information is accurate and complete, minimizing the potential for delays or rejections.
Operating Agreement Drafting
An Operating Agreement is crucial for outlining the management structure, ownership percentages, and other important aspects of your LLC. Our attorneys will work with you to draft a comprehensive Operating Agreement that meets your specific needs and protects your interests.
As your business grows and evolves, our law firm can provide ongoing support in the form of legal advice, document updates, and assistance with any disputes or issues that may arise.
Contact our New York City law firm today to schedule a consultation and begin the process of forming your LLC. Our experienced attorneys will guide you through every step, ensuring that your business is set up for success.
How long does it take to form an LLC in New York?
The processing time for forming an LLC in New York can vary depending on the workload of the Department of State. Expedited applications can be done within 24 hours or less.
What are the annual requirements for an LLC in New York?
New York LLCs are required to file a Biennial Statement every two years with the Department of State. Additionally, they must pay taxes and fees, such as the annual franchise tax.
Do I need a registered agent for my LLC?
Yes, you are required to have a registered agent with a physical address in New York. The registered agent’s role is to receive legal documents and correspondence on behalf of the LLC.
Can a non-US resident form an LLC in New York?
Yes, non-US residents can form an LLC in New York. However, they may face additional requirements, such as obtaining an Individual Taxpayer Identification Number (ITIN) from the IRS.
Does New York require an LLC to have an EIN?
If your LLC has employees or is required to file certain tax forms, you will need to obtain an Employer Identification Number (EIN) from the IRS.
What is the "publication requirement" for New York LLCs?
Within 120 days of formation, New York LLCs must publish a notice in two newspapers (one daily and one weekly) for six consecutive weeks.
The newspapers must be designated by the county clerk in the county where the LLC office is located. After publication, an Affidavit of Publication must be filed with the Department of State.