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An LLC is an unincorporated business organization of one or more persons who have limited liability for the contractual obligations and other liabilities of the business. The Limited Liability Company Law governs the formation and operation of an LLC. An LLC may organize for any lawful business purpose or purposes.
Mail filings: In total, mail filing approvals for New York LLCs take 4 and a half months. This accounts for the 4 month processing time, plus the time your documents are in the mail. Online filings: Online filings for New York LLCs are approved immediately if you file your documents during business hours.
For those thinking of starting an LLC, here are six of the main LLC benefits. Limited Personal Liability. Less Paperwork. Tax Advantages of an LLC. Ownership Flexibility. Management Flexibility. Flexible Profit Distributions.
To form a New York LLC youll need to file your Articles of Organization with the New York Department of State Division of Corporation, which costs $200. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your New York Limited Liability Company.
Name Your New York LLC. Submit an Address to Which Legal Documents Can be Forwarded and Choose Your Registered Agent. Prepare and File Articles of Organization. Publish your Articles of Organization in Two Newspapers. Create an Operating Agreement. Receive a Certificate From the State. Get an Employer Identification Number.
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Mail filings: In total, mail filing approvals for New York LLCs take 4 and a half months. This accounts for the 4 month processing time, plus the time your documents are in the mail. Online filings: Online filings for New York LLCs are approved immediately if you file your documents during business hours.
The main advantage of a New York LLC is that it offers limited liability protection like a corporation. But, unlike a corporation, LLCs are simple to run and maintain.Benefits of an LLC in New York Pass-through taxation. Tax options. Simplicity. Ownership flexibility. Increased credibility. Name registration.
By mail, send the completed Articles of Organization with the filing fee of $200 to the New York State Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, New York 12231.
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
A general Corporation making a Subchapter S Election or an LLC with or without a Subchapter S Election pays no federal tax on its taxable income and no employment taxes on its distributions to stockholders.

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