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Under Section 301-A of the Limited Liability Company Law - dos ny

Under Section 301-A of the Limited Liability Company Law - dos ny 2025

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The document is a Certificate of Resignation for Receipt of Process, intended for limited liability companies in New York State. It outlines the procedure for a party to resign as the designated recipient of legal process on behalf of the company, including requirements for notifying registered agents and filing necessary amendments with the Department of State. The form must be submitted with a $10 filing fee.

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What is Section 1003 of the New York limited liability company law?

Overview. Section 1003 of the New York State Limited Liability Company Law permits the merger or consolidation of limited liability companies with other limited liability companies and/or other business entities.

What are the liabilities of an LLC?

Being the director of a limited company gives you limited liability. This essentially means that you are not responsible for your businesss debts unless you have personally guaranteed payments, such as a rent agreement or a bank loan.

Are you personally liable for a limited company?

When you set up an LLC, the LLC is a distinct legal entity. Generally, creditors can go after only the assets of the LLC, not the assets of its individual owners or members. That means that if your LLC fails, you are risking only the money you invested in it, not your home, vehicle, personal accounts, etc.

Does an LLC need an operating agreement in NY?

The members of an LLC are required to adopt a written Operating Agreement. See Section 417 of the Limited Liability Company Law. The Operating Agreement may be entered into before, at the time of, or within 90 days after the filing of the Articles of Organization.

What does an LLC not protect you against?

LLCs are important legal structures for forming a business. Limited liability means that the assets and debts of the business remain separate from the personal assets and debts of the LLCs owners. In most cases, if an LLC goes bankrupt, creditors can only go after the assets of the business and not of the owners.

What can a limited liability company be liable for?

Limited liability means that the assets and debts of the business remain separate from the personal assets and debts of the LLCs owners. In most cases, if an LLC goes bankrupt, creditors can only go after the assets of the business and not of the owners.

Under Section 301-A of the Limited Liability Company Law - dos ny 2025

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What is Section 1003 of the New York limited liability company law?

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Under Section 301-A of the Limited Liability Company Law - dos ny 2025

Here's how it works

How to modify Under Section 301-A of the Limited Liability Company Law - dos ny online

Complete this form in 5 minutes or less

Got questions?

What is Section 1003 of the New York limited liability company law?

What are the liabilities of an LLC?

Are you personally liable for a limited company?

Does an LLC need an operating agreement in NY?

What does an LLC not protect you against?

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