A limited liability company or LLC is a legal structure of ownership that the company is similar. Always protect the owners personally liable for business debts. Conversely, if the creation of a partnership or a sole proprietorship, it's your job to meet all your commercial debts. However, LLC is much easier to install and use, compared to a company. The three basic steps to an LLC in New York have the form:
· LLC name of your choice:The company that can not be submitted on behalf of all other companies with the same Department of State. You can search the database online to find out whether your chosen name has been registered with any other business entity. For New York, LLC is concerned, should include the name of abbreviations "LLC" or "LLC" or the words "limited company".
· Store of the formation documents: In New York is a formation known articles documentsOrganization and the need to prepare and file with the Department of State. These documents are necessary to contain the name of your LLC, its address, its purpose and the name and address of the representative office or agency.
Customer care published in a local newspaper: In New York, you must send a notice on the local newspaper stating that it intends to have a New York LLC to publish. The journal will be able to help by submitting the document.
Although notnecessary, you need an operating agreement for the LLC, the owners will guide the company as a decree law firms or partnerships to operate. These documents are not required to submit to the Department of State. Finally, to win, but the status of a separate entity for your LLC, the members are obliged to maintain certain formalities, such as a detailed financial records and watching the recording of minutes of meetings and important decisions.
In selecting the name of yourLLC, is necessary to keep the following things in mind:
Must include the words LLC, LLC or limited liability company, on behalf
If any other LLC or foreign LLC authorized a number of names registered with the Department of State
Should not be prohibited words, phrases, abbreviations or derivatives
Must contain the following sentences, as the board of trade, industry and commerce, the State Police, State Trooper, transfer tenant, the renewal of communities, societies, municipalThe development, urban relocation, partnership or incorporated
Should not words like acceptance, compensation, guarantee, insurance, pension, insurance, investment, lawyer, bank, benefits, attorney, mortgages, loans, trust, doctor, or a fund, if approved by the
Should not the words, such as disabled or blind, unless issued by the State Department of Social Services
Should not the word "exchange" only with the permission
The best part is, you can choose toat least three names as you like, and perform a search to see the files.
The articles of organization are required to sign with 2 people and delivered to the Secretary of State. This information should include the name of the LLC, the duration of the LLC, with its head office or store, details about the registered agent, LLC in detail all claims, liabilities and obligations and other provisions, such as the purpose of the LLC and regulations, the exerciseDeal.
Further statements on time, the formation of a New York LLC [http://www.llcnewyork.com] information necessary for eligibility, membership, procedures, cancellation of membership, the conditions of dissolution, such as taxes income tax, federal, state and federal income tax identification number and tax. The presentation should be agreed with the Secretary General of the State and, where appropriate, is the examination of a document that the state must pay support.
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