New york pllc 2025

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  1. Click ‘Get Form’ to open the New York PLLC application in the editor.
  2. Begin by reserving your PLLC name using FORM 1. Ensure that the name complies with state regulations and is available for use.
  3. Complete FORM 2 - Articles of Organization. Fill in details such as the profession, names and addresses of members, and attach necessary licensing certificates.
  4. Sign the Articles of Organization as the Organizer and ensure all required documents are included before submission.
  5. Mail the completed Articles along with a $200 filing fee to the New York Department of State.
  6. After receiving confirmation, complete FORM 4 - Operating Agreement to outline management structure and member responsibilities.
  7. Apply for a Federal Tax Identification Number using form SS-4, which can be done online for free.
  8. Open a bank account under your new PLLC to start conducting business effectively.

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A Professional Limited Liability Company (PLLC) is a type of business structure designed for licensed professionals in New York. They are are typically used for health, design, and other licensed professions.
LLC disadvantages Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees.
Single-member and domestic (or domestic, single-member) LLCs are the most common form of limited liability company. But while this is the case, each LLC offers its own set of benefits and features that may suit best based on your specific business type, model, and needs.
Regarding the management flexibility and taxation, a PLLC has the same advantages of an LLC. The difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business.
Similar to other states, New York restricts some professionals from using the LLC entity structure. Instead, they allow companies that sell certain professional services (like medical care, accounting, or therapy) to form a PLLC. New York PLLC - New York Registered Agent LLC newyorkregisteredagent.com professional-llc newyorkregisteredagent.com professional-llc

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Corporations offer more flexibility when it comes to their excess profits. Whereas all income in an LLC flows through to the members, an S corporation is allowed to pass income and losses to its shareholders, who report taxes on an individual tax return at ordinary levels.
What is the primary difference between a PLLC and an LLP in New York? A PLLC requires approval from the NYSED and is typically used by licensed professionals forming a new entity, while an LLP is a registered partnership offering liability protection among partners.

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