An LLC is a type of business entity that combines several characteristics of a corporation and a partnership. The forming an LLC requires the filing of documents (Articles of Organization) with the Secretary of State. The LLC can have an unlimited number of Members (similar to shareholders) or just a single member.
The limited liability protection of the LLC means that the members are not generally personally liable for obligations of the company so long as the LLC’s income and expenses are kept separate from those of the individual members. In addition, the members may elect to be taxed as individuals and avoid thus avoid double taxation as would occur with a regular corporation.
LLC formation may be a requirement to work as a freelancer or independent contractor with many large companies. Rather than seeking a traditional employment relationship, many freelancers and employers now prefer to work on a contract basis that allows more flexibility for both parties. If you form an LLC you may be able to work with some of these employers more easily.
What you need to know about how to form an LLC: We The People will first check the name you select for forming an LLC with the state to see if it is available. We will then do the legal document preparation for the Articles of Organization that gets signed and filed with the Secretary of State. Our fee for forming the LLC is $324. The state filing fee is an additional $200. Our fee includes the free name availability check, the Articles of Organization and Employer Identification Number (EIN). You may also add a "Corporate Kit" which includes Minutes, Bylaws, Official Seal and Member Certificates. There are no other hidden or extra charges as you might discover with some of our online “competition”.
Note: NY requires all LLC’s to publish a legal announcement of their forming of the LLC within 120 days of the formation. It must be published 6 times in a local weekly paper and 6 times in a citywide daily publication selected by the county clerk. We The People can help with this process as well.
Let We The People of NY provide all the legal document assistance necessary to prepare and walk you through the process of how to form an LLC. You can get started today by calling or stopping by our conveniently located office. No appointment is necessary. We can also do the whole process by e-mail if that is more convenient for you.
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Other Business Services that We the People Offers: Incorporation
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Phone: (212) 633-2200 | Address: 233 W. 14th St. NY, NY 10011
$324 + state fees
We The People of NY can walk you through the process of how to form an LLC (also called a Limited Liability Company) or a corporation and prepare the legal documents necessary and have them filed with the State, usually within hours of contacting our office.