As well as being unique, the state of New York requires one of the following identifiers in your LLC name: “limited liability company,”“LLC,” or “L.L.C.” As an LLC owner in the state of New York, you may operate your company under a different name than the one you register....
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New York LLC Formation in 7 Steps Starting an LLC in New York is relatively straightforward with our seven-step guide. It covers exactly what you’ll need to do. As you check off each task, you’ll be one step closer to getting your New York LLC up and running!
A question most potential LLC owners ask is, “Can I set up an LLC on my own?” Yes, but regardless of your LLC’s location, you need a registered agent and a registered office because of due process. A registered agent is an individual who will receive legal and other documents on...
Starting an LLC in Georgia doesn't have to be complicated. Learn how to form an LLC in Georgia now, using our free step-by-step guide.
LLCs can also elect to be taxed as S corporations (S corps) or C corporations (C corps). The S corporation tax status allows members to be taxed as employees of the business. This can reduce tax burden in certain circumstances. Visit our LLC vs. S Corp guide for more information....
Based on the state, the LLC is subject to a franchise tax. Corporations are legal entities that are separate from those who own and/or formed the organization. Their requirements include: A corporation can be formed as for-profit or nonprofit. Corporations provide a shield from liabilities. Thi...
Not every state requires LLC members to have an operating agreement, but it’s still crucial that you have one. With an operating agreement, you can create your own rules for conducting LLC business instead of depending on your state’s default rules for conduct. And, if you’re at a los...
If the LLC has a single owner, the LLC can be treated as a “disregarded entity”. In this scenario, a tax return does not have to be filed for the LLC, only for the business owner. If the LLC has more than one owner, an information tax return for the LLC must be completed in ...
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