How LibertyFiling.com simplifies the process and saves you money
Ben G. Matsas
Starting a business often begins with a simple step. You choose a name, register a company, and begin building something of your own. For many entrepreneurs, that first step means forming a Limited Liability Company, often called an LLC. The structure offers personal liability protection and flexible taxation, which is why it has become one of the most common choices for small business owners and real estate investors.
In New York, however, forming an LLC involves more steps than many people expect. The process begins with filing Articles of Organization with the New York Department of State Division of Corporations. This document lists basic information about the company, including the business name and the county where the office is located. The state filing fee is $200. Processing typically takes about five to ten days with standard service or two to three days if expedited service is requested. To keep an LLC in good standing, New York requires a biennial statement filing every two years, which currently costs $9.
New York also has a unique requirement under Section 206 of the New York Limited Liability Company Law. Within 120 days of the filing date, the LLC must publish notices of its formation in two newspapers selected by the county clerk in the county where the business is located. One newspaper must be daily and the other weekly. The notice must run once a week for six consecutive weeks.
Failure to complete the publication requirement can suspend the LLC’s authority to carry on business in New York until the requirement is completed.
For many new business owners, this requirement comes as a surprise because of the cost. In New York City boroughs, publication fees can range from about $1,000 to nearly $2,000 depending on the county and the newspapers assigned by the clerk.
Because the process involves paperwork, deadlines, and coordination with newspapers, many business owners choose to work with a filing service that can manage the administrative steps.
At LibertyFiling.com, we help entrepreneurs handle these administrative requirements by preparing and submitting the LLC formation documents to the New York Department of State and coordinating the required newspaper publication process. Our LLC formation service starts at $99 plus state filing fees. We also offer a publication service for $599, which includes coordinating the required newspaper notices and filing the documentation that confirms the publication requirement has been completed. In many New York City counties, where publication fees can reach $1,000 to $2,000, this service can help reduce both the cost and the administrative work involved in completing the requirement.
More information about the filing process and services is available at www.libertyfiling.com. q
The information above is provided for general informational purposes only and should not be considered legal, tax, or financial advice. LibertyFiling.com provides document preparation and filing coordination services and does not provide legal or financial advice.
