Thinking About Starting an LLC in New York?
If you’re considering starting an LLC in New York but unsure where to begin, you’re in the right place. New York is a dynamic state for entrepreneurs, and setting up your business the right way is key to long-term success. This guide will walk you through the process of forming an LLC in New York using LegalZoom, one of the most trusted platforms for business formation.
What is an LLC?
LLC stands for Limited Liability Company. This business structure combines the flexibility of a sole proprietorship with the legal protections of a corporation. Here are some compelling reasons to consider starting an LLC:
Limited Liability Protection
One of the major advantages of an LLC is limited liability. Your personal assets, like your home and savings, are protected if your business faces debts or losses.
Tax Benefits
LLCs offer flexible taxation options. You can choose to be taxed as a sole proprietorship, partnership, or corporation, allowing you to select the option that benefits you the most.
Professionalism
Having an LLC makes your business look more credible to customers and investors, which may lead to increased trust and more opportunities.
Additional Advantages in New York
Starting an LLC in New York provides various benefits. The state has a business-friendly environment, which is crucial for startups. While New York does have a publication rule that requires you to publish your LLC formation in local newspapers, the advantages often outweigh the complications.
Why Choose LegalZoom?
LegalZoom is a trusted online platform that helps business owners navigate the paperwork involved in starting an LLC. Here are some reasons why you might consider using LegalZoom:
User-Friendly Experience
LegalZoom’s step-by-step process is designed to be super simple, even for those unfamiliar with legal terms.
Time-Saving
There’s no need to file forms yourself; LegalZoom handles all the paperwork and filings for you.
Customizable Packages
From basic filing to premium options, LegalZoom offers plans that fit every budget.
Ongoing Support
LegalZoom provides registered agent services, legal consultations, and tools to help manage your business after setup, giving you a comprehensive support system.
How to Start an LLC in New York with LegalZoom
Starting your LLC with LegalZoom is straightforward. Here’s a step-by-step guide:
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Navigate to LegalZoom’s Website
- Go to legalzoom.com.
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Select Business Formation
- Click on the “Business Formation” option.
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Choose LLC Formation
- Select the option for forming an LLC and click on "Start My LLC."
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Select a Package
- You’ll have various options, including a basic package for $0, which includes:
- Articles of Organization
- Name check service to ensure your chosen business name is available.
- You’ll have various options, including a basic package for $0, which includes:
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Enter Business Information
- Fill in the necessary information, starting with the name of your business. You can skip adding “LLC” for now if you’re still deciding.
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Select New York as Your State
- Choose New York in the fill-out form.
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Provide Primary Contact Information
- Enter your contact information or skip if you prefer not to share it.
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Choose Your Industry
- Provide information about your business industry.
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Review Compliance Documents
- LegalZoom will remind you about ongoing compliance filings and essential documents you may need, such as operating agreements.
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Decide on Additional Services
- You’ll be offered additional services like business banking and more. If you want, you can skip these options.
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Review Your Order
- Confirm your selections and see the total costs, which will primarily reflect the New York filing fee.
- Checkout
- Complete the checkout process. You’ll have options to pay via Visa, Mastercard, Discover, or American Express.
Conclusion
Starting an LLC in New York does not have to be overwhelming. By using LegalZoom, you can simplify the entire process and focus on what matters most—running your business. If you found this video helpful, please leave us a like and subscribe! See you in the next one!
