Posts

Showing posts with the label LLCs

The Legal Steps Involved in Moving Your Business to a New State – FAQs Answered

Businesses move all the time. If a move is in the cards for your business, what should you do? Maybe you’re expanding and are out of capacity at your current location, or maybe a move is for personal reasons. Maybe you want relocate to a state that is more favorable to small businesses, such a state without any income taxes. Moving a business raises many questions, particularly questions about legal and regulatory matters. In fact, some of the most common questions posted by small business owners to the SBA.gov Community are about the ramifications a relocation has on taxes, registration and incorporation. If you’re thinking of moving or have already relocated your business, here are some answers to some of those questions: Q: I operate an LLC. What steps do I have to take when I relocate? A: It’s always best to consult an attorney if you are moving your LLC to a new state since there are several options open to you that require careful consideration. Here are your choices:

To Form an LLC in New York

In order to form an LLC (Limited Liability Company) in the state of New York, there are a few steps you must follow before you are an established LLC. First, you must choose a business name for your LLC and check for availability. New York law requires that an LLC name contain the words "Limited Liability Company" or "LLC". Then, you must prepare and file articles of organization with the Department of State. After those papers have been submitted, you must publish for 6 consecutive weeks stating that you have formed an LLC. This process can require time to contact your county clerk's office to determine in which publications you are allowed to publish. Here at the NYS SBDC, we receive many inquiries about where new LLCs are allowed to publish about their small business, so we put together a list of all of the publications for every county in the state of New York. However, for those starting their LLC in the counties of Queens, New York, or Kings, must st

List of new corporations (etc.) in New York State

Some clients have businesses that could benefit in knowing the names of newly-created companies. The Division of Corporations (within the New York Department of State) makes available a daily report of newly registered corporations, limited liability corporations, and limited partnerships. It's not EVERY new business in the state, but it's a start. Here's the service, in DOS' own words: "The Department of State publishes a daily report of new Corporations, Limited Liability Companies, Limited Partnerships and Registered Limited Liability Partnerships and amendatory certificates thereto. These reports are available only through e-mail. The subscription fees are: Annual subscription $125.00 Semi-annual subscription 75.00 Quarter-annual subscription 40.00 Your computer must have Adobe Acrobat Reader to review and print the report. You will be notified of the date of expiration of your subs