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How to Start an LLC in New York | 2025 Step-by-Step Guide (Fast & Simple)

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2025-09-19 15:579 min read

Content Introduction

In this video, the presenter discusses the process of setting up a Limited Liability Company (LLC) in New York, detailing two main approaches: doing it yourself or hiring a professional service. Key steps include choosing a unique name, appointing a registered agent, filing articles of organization, and fulfilling publication requirements. The presenter highlights the advantages of forming an LLC, such as personal asset protection and flexibility in management. They emphasize the importance of obtaining an Employer Identification Number (EIN) and staying compliant with tax obligations. The video also introduces Zen Business as a recommended business formation service to simplify the process for new entrepreneurs, along with various plan options that cater to different business needs. Viewers are encouraged to engage with the content by liking, subscribing, and checking out additional resources linked in the video.

Key Information

  • The video provides a comprehensive guide on how to set up an LLC in New York.
  • The speaker outlines two main approaches: doing it yourself or hiring a professional service.
  • Key steps in setting up an LLC include choosing a unique name, filing articles of organization, appointing a registered agent, and creating an operating agreement.
  • It is crucial to comply with local publication requirements for the LLC to be official.
  • The speaker recommends using business formation services like Zen Business for ease and less stress in the setup process.
  • The video emphasizes the importance of tax considerations, operational agreements, and maintaining good standing with state requirements.

Timeline Analysis

Content Keywords

LLC Setup New York

The video provides a detailed guide on setting up an LLC in New York, outlining two primary methods: managing the process independently and utilizing professional services. It covers the legal protections of an LLC, the significance of a registered agent, essential filings such as articles of organization and operational agreements, as well as ongoing tax obligations. It emphasizes using Zen Business for easier business formation and offers insights into associated fees and services.

Registered Agent

A registered agent is essential for LLC compliance in New York, serving as the intermediary for legal documents. The video explains the requirements for appointing a registered agent and the option of having the New York Secretary of State act as the default agent if none is appointed.

Zen Business

Zen Business is highlighted as a preferred service for LLC formation, offering a user-friendly platform, various pricing plans, and additional services such as compliance monitoring and business email addresses. It simplifies the complexities of starting and managing a business.

Tax Obligations

The video details tax responsibilities for LLCs in New York, including state sales tax and self-employment taxes, emphasizing that the business's income is passed through to the owner's tax returns. It also discusses the need for an EIN for business operations.

Related questions&answers

What is an LLC?

An LLC, or limited liability company, is a flexible business structure that protects you legally. When you form an LLC, you create a separate legal entity for your business, ensuring that your personal assets remain separate from your company's debts or legal issues.

How do you set up an LLC in New York?

You can set up an LLC in New York by either doing it yourself or using a professional service. The process involves choosing a unique name for your LLC, appointing a registered agent, filing the articles of organization, and adhering to state publication requirements.

What are the benefits of an LLC?

LLCs offer several benefits, including personal asset protection, flexible management structures, options for different tax treatment, and the ability to bring in multiple members who can share profits and losses.

What is required to name an LLC in New York?

The name of your LLC must be unique, include 'limited liability company' or an abbreviation, and not be too similar to existing businesses or use restricted words such as 'bank', 'insurance', or 'professional'.

What is a registered agent?

A registered agent is an individual or business designated to receive legal documents on behalf of the LLC. This can be you, another member of the LLC, or a professional service.

What are the filing fees for setting up an LLC in New York?

The filing fee to create an LLC in New York is $200. Additional costs may apply, including publication fees based on the county of your LLC.

Do I need an operating agreement for my LLC?

Yes, New York requires LLCs to have an operating agreement that outlines the ownership, member rights and responsibilities, the distribution of profits and losses, and procedures for resolving disputes.

What is an EIN?

An EIN, or Employer Identification Number, is a unique number assigned by the IRS for tax purposes. It is essential for opening a business bank account, applying for loans, hiring employees, and filing taxes.

What are the tax responsibilities for an LLC?

LLCs are considered pass-through entities, meaning the responsibility to report and pay taxes is passed to the owners. Owners must report taxable income on their personal tax returns and may need to pay self-employment and payroll taxes if they have employees.

What is the publication requirement for LLCs in New York?

New York requires LLCs to publish a notice in two newspapers (one daily and one weekly) for six consecutive weeks. This publication must be completed within 120 days of filing the articles of organization.

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