SET A COMPANY IN NEW YORK
Starting a business in New York offers several advantages, such as a business-friendly tax structure and streamlined regulations.
Registering a New York LLC (Limited Liability Company) is one of the most popular ways to start a company in this state.
The information below guides you step by step on how to set up a New York LLC, including state requirements, total costs, important filings, and the benefits of choosing Corporate Mile for your formation needs.
Why Set Up a Company in New York?
- New York Tax Rules Depend on Structure
New York tax treatment depends on how your LLC is classified and how it operates. By default, many LLCs are treated as pass-through entities for federal tax purposes, while New York-specific tax obligations depend on the company’s classification and business activity. - Fewer Formalities
Compared to corporations, LLCs in New York have fewer legal requirements. This means less paperwork, fewer recordkeeping obligations, and a simpler operational structure. - Asset Protection
An LLC separates your personal assets from the debts and liabilities of the business. If your company faces a lawsuit or financial trouble, your personal property is generally protected. - Lower Overall Costs
A New York LLC can offer liability protection and flexible internal management, but New York also has a mandatory publication requirement and recurring biennial statement filing requirements that should be considered as part of total compliance cost. - Flexible Management
New York LLCs do not have restrictions on the number and types of owners (members). Members of a New York LLC have greater flexibility to participate in the company’s management. You can choose to participate in management (member managed) or nominate other managers to run the business (manager managed). You decide who runs day-to-day operations, making it easy to adapt your business structure to your specific goals and needs.
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START YOUR NEW YORK LLC
Choose Corporate Mile for New York LLC registration.
STEP-BY-STEP: REGISTERING YOUR NEW YORK LLC
1. Choose a Name for Your LLC
Your chosen name must include a legal suffix such as “Limited Liability Company,” “Limited Company,” “L.L.C.,” “L.C.,” or “LLC.”
Confirm that the name is not already taken by searching the New York Department of State, Division of Corporations business database.
2. Appoint a Registered Agent in New York
New York LLCs must maintain an address for service of process. The New York Department of State acts as the LLC’s agent for service of process, and the LLC may also designate an additional registered agent if desired.
You may serve as your own agent if you have an address in the state, or you can hire a professional service.
Corporate Mile provides registered agent services.
3. File Certificate of Organization
Submit your New York LLC Articles of Organization to the New York Department of State, Division of Corporations, using an accepted filing method.
Your New York filing generally includes the LLC name, county location, address for service of process, and the organizational details required by the state.
Pay the $200 New York state filing fee for the Articles of Organization. Expedited handling is available for an additional fee if requested.
Processing times vary depending on filing method, expedited service level, and state workload.
4. Complete the New York Publication Requirement
Within 120 days after the Articles of Organization become effective, New York LLCs must publish a copy of the articles or a notice related to formation in two newspapers designated by the county clerk, then file a Certificate of Publication with the Department of State.
5. Draft an Operating Agreement
A New York LLC operating agreement clarifies ownership percentages, member responsibilities, profit distributions, and other essential internal processes. New York also requires LLC members to adopt a written operating agreement. Many banks request this document to open a business bank account, but requirements vary by bank.
Corporate Mile includes a customized operating agreement at no additional charge.
6. Obtain an EIN (Employer Identification Number)
If you intend to hire employees, open a business bank account, or choose certain tax classifications (e.g., S-Corp election), you’ll need an EIN from the IRS.
You can apply directly on the IRS website at no cost.
Corporate Mile can also secure your EIN for you.
TOTAL COST BREAKDOWN
This fee covers the primary steps necessary to officially register your New York LLC and maintain a registered agent for 12 months.
NEW YORK LLC PACKAGE
When you choose Corporate Mile to form your New York LLC, your total includes:
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New York State Filing Fee – $200
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Certificate of Publication filing + newspaper publication costs
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LLC filing with the New York Department of State, Division of Corporations
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Obtaining Employer Identification Number (EIN)
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Registered Agent Service (1 Year)
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Operating Agreement
ONGOING REQUIREMENTS AND FEES
BIENNIAL STATEMENT
Every New York LLC must file a Biennial Statement every two years.
The Biennial Statement is filed during the calendar month in which the original Articles of Organization became effective.
The filing fee for a New York LLC Biennial Statement is $9.
Failure to file can affect your good standing with the state.
BUSINESS LICENSES AND LOCAL REQUIREMENTS
Depending on your business activity and location, you may need state or local licenses, permits, or tax registrations before operating.
Requirements vary by county, city, and industry.
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START YOUR NEW YORK LLC
Choose Corporate Mile for New York LLC registration.
ADDITIONAL SERVICES
Trade Name (DBA) Registration
- If your business will operate under a name different from the one listed on your Articles of Organization, you must file a fictitious name (DBA) registration with the state.
- Corporate Mile can handle the registration for $175, or $303 if any required publication is included.
Mail Forwarding Options
- Limited: Includes three free scans of non-official mail per year.
- Deluxe: Offers an additional 10 scans annually for $49/year.
- Premium: Offers an additional 25 scans annually for $99/year.
Virtual Office
- For businesses wanting an all-in-one Florida presence, Corporate Mile provides a virtual office package with:
- Unlimited mail forwarding
- A local Florida phone number
- An office lease in St. Petersburg
Online Presence Tools
- Free domain for one year
- 90 days of no-cost website hosting, SSL certificate, business email, and phone service
- Ideal for establishing a robust digital footprint from day one
WORKING WITH CORPORATE MILE
NEW YORK LLC SUPPORT
Corporate Mile offers support for New York LLC filings and ongoing compliance questions. Filing times depend on the state’s processing schedule.
PRIVACY AND SECURITY
Corporate Mile can help you structure your filing in a way that supports privacy where state filing rules allow.
YEAR-ROUND CUSTOMER SUPPORT
Corporate Mile’s team monitors annual requirements and due dates, keeping you in good standing with the state.
FREQUENTLY ASKED QUESTIONS
1. What do I need to start an LLC in New York?
You need a name for your LLC, the required filing details, and an address for service of process in New York. New York also requires a written operating agreement and a post-formation publication requirement. Corporate Mile can help with the formation process.
2. What is the cost of starting an LLC in New York?
The New York state filing fee to form an LLC is $200. New York LLCs also have a mandatory publication requirement, and publication costs vary by county.
3. Do I need to be a resident of New York to form a New York LLC?
No. You can form a New York LLC whether you reside in another state or internationally, as long as you appoint a registered agent with a New York address.
4. How long does it take to process the formation of a New York LLC?
Processing times vary depending on filing method, expedited service level, and state workload.
5. Are single-member LLCs allowed in New York?
Yes. A single-member LLC is a popular structure for solo entrepreneurs seeking liability protection. By default, the IRS taxes single-member LLCs as sole proprietorships, unless you opt for another tax election.
6. Does New York require an Operating Agreement?
New York requires LLC members to adopt a written operating agreement. It is also commonly requested by banks when opening a business bank account, although bank requirements can vary.
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START A NEW YORK LLC
Registering a New York LLC offers multiple benefits, including asset protection and flexible internal management. By collaborating with Corporate Mile, you can complete the registration process through a package that includes your selected service items, such as tax ID assistance, service-of-process support, and an operating agreement. New York LLC formation also requires publication after formation.
When you’re ready to begin, get started. Our knowledgeable staff will handle the entire process so you can focus on growing and managing your new New York LLC with peace of mind.
Let's get started
START YOUR NEW YORK LLC
Choose Corporate Mile for New York LLC registration.
