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The state uses biennial statements to stay informed of the contact information of your LLC. Your biennial statement must provide the following information: The name of your LLC. Your Service of Process address.
All LLCs opened in NY are required to file an annual report. The report is currently filed every two years, as a biennial report. However, this may change over time and it's important to stay in good standing with the state with maintain annual compliance in case this requirement will change.
Here is the step-by-step process you need to follow to form a Limited Liability Company in New York. Select a Business Name. ... Appoint a New York Registered Agent. ... Create an LLC Operating Agreement. ... Publish a Notice in 2 Local Newspapers. ... Open a Business Bank Account. ... Choose Your Tax Structure. ... Get a Website (Optional)
Domestic and foreign business corporations are required by Section 408 of the Business Corporation Law to file a Biennial Statement every two years with the New York Department of State.
Why can't I form a New York LLC for my law practice? Some states, New York included, require certain licensed professionals?like doctors, lawyers, and accountants?to set-up their businesses as ?professionals.? (Instead of an LLC, for example, they would set-up a PLLC.)
Any Certificate of Status or status letter obtained from the New York Department of State will reflect that the corporation or LLC is past due in the filing of its Biennial Statement. This may prevent the corporation or LLC from completing certain business transactions.
This confirms your LLC is now a legally formed business in the State of New York. Your Filing Receipt will contain your LLC's name, the date filed, and your Department of State ID Number (also known as your DOS ID Number). Your DOS ID Number is unique to your LLC and you will use it when dealing with the State.
New York Department of State Due Date: Biennially by the end of the registration anniversary month. Penalty: No late fee.