New York LLC - How to Start an LLC in New York in 2024 (Step by Step Guide)

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Recommended formation service - We have negotiated with Northwest to provide the best discount and packages for our users, we get compensated when users use our discount links.
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Fees are as follows $29 + state fee of $205 + $9 for BOI (This is optional but recommended as failure to do so can result in a fine of $500/day)
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How to Start an LLC in New York - In this updated step by step guide we give you all the details on starting an LLC in the state of New York on your own! Alternatively we also share recommendations and insight on the benefits of hiring a service to do this for you.. Forming an LLC a great way to structure your small business and protect your personal assets.
TIMESTAMPS
0:15 Step 1: Choose a Name
1:27 Step 2: Resident Agent
2:33 Step 3: Articles of Organization
3:41 Step 4: Operating Agreement
4:12 Step 5: EIN
4:31 Step 6: Publication Requirement
5:53 - Post Formation Info
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DISCOUNT LINKS, FREE TOOLS & RESOURCES
Below we have some paid links from our partners. If you decide to use their services through our exclusive negotiated deals, we get paid a small percentage. Thank you for your support in our efforts to make business information free for all!
📙 NY LLC Formation Page
howtostartanllc.com/new-york-llc
NY LLC Publication Requirements howtostartanllc.com/new-york-...
Free LLC Operating Agreement Template
howtostartanllc.com/free-oper...
Important Steps after forming an LLC howtostartanllc.com/after-for...
🌐 Get your website and domain for your business using our discount link:
go.truic.com/3F9NJD9 (paid)
🏷️ Check out our Business Name Generator to make a great name for your New York LLC & website:
epicbusinessnames.com/
🎯 Our Free AI powered logo generator can help you brand your company:
howtostartanllc.com/logo-maker
👾 Use our QR Code Generator to make your business information easily accessible:
howtostartanllc.com/qr-code-g...
🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more!
🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams.
#newyorkllc #newyork #llc #smallbusiness #business #truic #startallc #howtostartanllc

Пікірлер: 70

@HowtostartanllcOfficial Жыл бұрын

@juanrivasgonzalez9087 2 ай бұрын

Can I do a llc for homes

@jamescutler2486 5 ай бұрын

Thanks a lot for sharing this. Planning to start a distribution business and really needed this.

@HowtostartanllcOfficial 5 ай бұрын

Thanks for watching! Be sure to use a registered agent service if you're in an expensive publication county. We also have an online community that you can join for free. There's lots of good info there for new businesses. Here’s the link: go.truic.com/48acqeL

@rk-yw3gr 6 ай бұрын

7:17 very useful head tilled dance was awesome.😊

@HowtostartanllcOfficial 6 ай бұрын

😄

@user-ov4qd3iv9m 5 ай бұрын

this was so helpful!

@HowtostartanllcOfficial 5 ай бұрын

So glad! Don't forget to use a registered agent service if you're in an expensive publication county. This is a costly mistake that you can't easily go back and correct.

@bignose2805 11 ай бұрын

Thanks

@HowtostartanllcOfficial 11 ай бұрын

You're welcome!

@amandagarcia5531 4 ай бұрын

Thank you so much!

@HowtostartanllcOfficial 4 ай бұрын

You're welcome! Thanks for watching!

@andrewdonohue1853 4 ай бұрын

Do it somewhere else besides ny. Everywhere you look in this state business are closing shop, main street is going to be dead street

@mariamacirediallo1437 5 ай бұрын

Very informative

@HowtostartanllcOfficial 5 ай бұрын

Glad you liked it! Helpful tip: If you're in an expensive publication county, be sure to use a registered agent service to form your LLC. It's only $29 plus state fee when starting a new LLC. Here's the discounted link for Northwest: go.truic.com/45hplKy Here's more info on the publication requirement: howtostartanllc.com/new-york-publication-requirements At TRUiC, our mission is to offer free resources and information. We support our work by partnering with service providers, earning a percentage on some of the offers we’ve negotiated on your behalf. Northwest is one such partner.

@oO5Dynasty 5 ай бұрын

Thank you for the information!

@HowtostartanllcOfficial 5 ай бұрын

Thank YOU for subscribing!

@oO5Dynasty 5 ай бұрын

@@HowtostartanllcOfficial thank you for the information.

@KoffiBossoMath 11 ай бұрын

Great video with many lessons. Thank you so much. Do you please do coaching?

@HowtostartanllcOfficial 9 ай бұрын

"We offer 1000's of free webpages and guides to help small business owners. We are also developing free video courses. Sign up for our newsletter and free business center to get started. howtostartanllc.com/small-business-startup-course"

@yairelina20l82 2 ай бұрын

Great job

@HowtostartanllcOfficial 2 ай бұрын

Thank you for watching!

@tanishamcdonala3181 Ай бұрын

bless all us here bless our business in new york in jesus christ name and it is so amen.

@iamanovercomer3253 11 ай бұрын

Thanks in less than 10 minutes you made it very clear. And NYS sucks 😂

@HowtostartanllcOfficial 11 ай бұрын

You're welcome! 😂

@mattyice733 10 ай бұрын

I would also like to confirm that New York State sucks

@HowtostartanllcOfficial 9 ай бұрын

Judging by the comments we see, you are far from alone in that sentiment.

@oO5Dynasty 5 ай бұрын

I was just thinking this lol. Such a pain and so much money given out.

@BeautifulEmpress333 4 ай бұрын

Does this only apply to NYC? I live in upstate NY & i'm interested in setting up an LLC.

@IbrahimAli-xe9iz 4 ай бұрын

What if you don't follow publication requirements? What happens?

@HowtostartanllcOfficial 4 ай бұрын

LLCs that don't publish could lose their limited liability protection in court.

@IbrahimAli-xe9iz 4 ай бұрын

What if I open Corporation S? Do I still have to publish my company? Which one is better for uber driver and why?

@HowtostartanllcOfficial 4 ай бұрын

S corp is a tax election that an LLC or corporation could choose. So yes, you would still need to publish because you'd still have to start an LLC first. If you are in an expensive county, you can just hire an LLC service to form it for you for $29. Here's our most discounted link: go.truic.com/45hplKy Everyone should do this unless they just can't afford $29. And that happens. For Uber driving, an LLC taxed as an S corp is usually the way to go. To find out if it works for you, try our calculator: howtostartanllc.com/start-an-s-corp/s-corp-vs-llc-calculator Thanks! Please like and subscribe!

@RyMoT_Rom 3 ай бұрын

behtariny aleyyyyyyy1❤❤❤❤❤❤❤❤

@VanquishAudio 3 ай бұрын

When you say publication must be completed, do you mean initiated or completed? What if you start the publications on day 115?

@HowtostartanllcOfficial 3 ай бұрын

Here are the guidelines on that: § 206. Affidavits of publication. (a) Within one hundred twenty days after the effectiveness of the initial articles of organization as determined pursuant to subdivision (d) of section two hundred three of this article, a copy of the same or a notice containing the substance thereof shall be published once in each week for six successive weeks, in two newspapers of the county in which the office of the limited liability company is located, one newspaper to be printed weekly and one newspaper to be printed daily, to be designated by the county clerk. www.nysenate.gov/legislation/laws/LLC/206

@amandagarcia5531 4 ай бұрын

I’m looking to know how to close the LLC my self?

@HowtostartanllcOfficial 4 ай бұрын

Hi Amanda, if you are asking about how to close or dissolve your LLC, you can use this guide: howtostartanllc.com/new-york-llc-dissolution Thanks for writing in, best of luck to you.

@dargonkhurvas5548 11 ай бұрын

Naming like Federal Reserve would be wrong today.?.¿.♤ 😮

@HowtostartanllcOfficial 9 ай бұрын

Any name that would make the public think an entity is a government agency or government department would not be acceptable.

@user-zj4nf4jx4p 5 ай бұрын

@@HowtostartanllcOfficial FedEx is exactly 0% “fed” and for what it’s worth I learned today there is a “Federal Helium Reserve” I’m going to bet they aren’t government associated either yet pumping that idea they are tho lol

@HowtostartanllcOfficial 4 ай бұрын

Just a note on this thread: the regulation might not have existed when the Federal Reserve or Fedex were created. The states can also make exceptions. It's not an absolute.

@mrplay6294 4 ай бұрын

Step 1 dont make a business in New York leave New York

@HowtostartanllcOfficial 4 ай бұрын

We hear that a lot. Do you have a business there already? Or maybe in the past?

@Tyrell_Corp2019 3 ай бұрын

No wonder why corporations are taking over this town. If you’re a small business owner, who the hell has time for such a lengthy procedure while you’re trying to do 1 million other things? Watching his video just made me decide to leave New York.

@HowtostartanllcOfficial 3 ай бұрын

That is very true and that's why small business owners use LLC services. You could use an LLC formation service for $29: go.truic.com/45hplKy. And for $375 they will also take care of publication. Depending on how much risk your business carries, it could make a lot of sense to invest in an LLC. But if your business carries a very low risk of lawsuits or of defaulting on a loan, you might choose to continue operating as a sole proprietor. At TRUiC, our mission is to offer free resources and information. We support our work by partnering with service providers, earning a percentage on some of the offers we’ve negotiated on your behalf. Northwest is one such partner. Please note that the information provided by us is not, and it is not intended to, constitute legal advice or tax advice. For the most up-to-date legal advice, we advise deferring to a professional attorney or certified public accountant.

@FFCSHARK 2 ай бұрын

POV you misclicked

@K2nugent 6 ай бұрын

LOL who in their right mind would start and LLC in NYC ?

@HowtostartanllcOfficial 6 ай бұрын

It usually happens when business owners don't realize there's a publication requirement.

@chilloutloungemusic9700 5 ай бұрын

What is the state tax rate in NY? 😊

@HowtostartanllcOfficial 5 ай бұрын

Thanks for the question. Are you asking about the sales tax rate or the income tax rate on business income?

@stefanikelly1325 8 ай бұрын

If you change registered address after filing your llc you still have to update with the Secretary of State. While this is an informative video, do your due diligence. Protect yourself by hiring an attorney. It is not expensive to hire an attorney to do this and in your best interest to do so. Do not rely on KZfaq videos for legal advice.

@HowtostartanllcOfficial 8 ай бұрын

Thank you for commenting, we appreciate your feedback and the opportunity to review our content for accuracy. Publication is required at formation. If an LLC owner needs to change their registered agent address, the steps for that are outlined at 5:43. Publication is required at formation, only. Statute in Question: www.nysenate.gov/legislation/laws/LLC/206 We do genuinely appreciate the feedback and it's true, we aren't attorneys. Sometimes, we get really tricky questions on our KZfaq channel and are prefer to include this disclaimer: Please note that the information provided by us is not, and it is not intended to, constitute legal advice or tax advice. All content is exclusively provided for entertainment purposes. For the most up-to-date legal advice, we advise deferring to a professional attorney or certified public accountant.

@user-fr3ws2dk7y 3 ай бұрын

And you need to pay for advertising in 30days

@HowtostartanllcOfficial 3 ай бұрын

Here's are the guidelines on publication from the NYS statute: ....Affidavits of publication. (a) Within one hundred twenty days after the effectiveness of the initial articles of organization as determined pursuant to subdivision (d) of section two hundred three of this article, a copy of the same or a notice containing the substance thereof shall be published once in each week for six successive weeks, in two newspapers of the county in which the office of the limited liability company is located, one newspaper to be printed weekly and one newspaper to be printed daily, to be designated by the county clerk. www.nysenate.gov/legislation/laws/LLC/206

@G9O_ 11 ай бұрын

missclick

@jasoncarey157 5 ай бұрын

lol.. sorry honey your in the worst state to start a buisness in. awful

@HowtostartanllcOfficial 5 ай бұрын

California might give NY a good run for the money.

@Vet3PaLcaRaj0 Ай бұрын

I want to start a small business burger joint in bNY.....will an LLC help me achieve this?

@HowtostartanllcOfficial Ай бұрын

Yes, it is smart to have an LLC for any type of food service. The LLC will help you protect your personal assets in the event of a business loss and it will provide credibility, among other things.