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If you do not file your report within the one-month filing period, the Department of State will determine your company to be delinquent. There are no penalties for filing a late New York biennial report to remove your delinquent status.
The mailing address is New York State Department of State, Division of Corporations, Statement Unit, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231-0002.
How to Form a Corporation in New York Choose a Corporate Name. ... File Certificate of Incorporation. ... Appoint a Registered Agent. ... Prepare Corporate Bylaws. ... Appoint Directors and Hold First Board Meeting. ... Issue Stock. ... File New York Biennial Statement. ... Comply With Other Tax and Regulatory Requirements.
The biggest difference is that corporations have ?shareholders? and LLCs have ?members.? Corporations tend to have many owners, while LLCs are now the most common small business entity type.
If you fail to file your New York biennial statement, you won't be charged any late fees and New York will not administratively dissolve your LLC. Instead, the New York Department of State will change your LLC's status to ?past due,? meaning you'll lose your good standing.