To start the process, you’ll need to consider and choose your LLC name. Step 1: Choose a Name for Your LLC and See If It’s Available Here’s how to start an LLC in New York – and what to know about the process as you register. We asked New York-based legal experts and business owners what to keep in mind when registering for an LLC in the Empire State. If you want a cost-effective and convenient way to create your LLC (and keep more of the money you make from your side hustle or business when tax time rolls around), LegalZoom is a great option. Mistakes can be made when trying to form an LLC by yourself, and business formation professionals can be expensive. Different states have different business formation requirements LegalZoom customizes the process for you based on what state you live in, and the company helped consumers form 447,000 businesses in 2021, according to a press release. An LLC is needed for important business functions, such as opening a business bank account. LegalZoom helps you set up an LLC in your state quickly, easily, and entirely online. If you’re ready to make your New York-based entrepreneurial efforts official, you can register your LLC yourself, hire a CPA and/or lawyer to help you along the way, or use a guided tool like LegalZoom to make the process easier. Your business team can make sure you meet the legal requirements, and each move you make affects the other two.” “Consider creating a ‘small business team’ of an accountant, attorney, and banker when forming an LLC. “People hesitate to file a New York LLC because a publication announcement in newspapers is required,” says Sankeetha Selvarajah, a New York-based business attorney and managing attorney of Selvarajah Law PC, a corporate law practice that works with startups and small businesses. If you’re starting a side hustle or business in the Empire State, registering a New York Limited Liability Company (LLC) can save you money and help accelerate your financial independence goals. For more information, see How We Make Money. Some links on this page - clearly marked - may take you to a partner website and may result in us earning a referral commission. We want to help you make more informed decisions.
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