Best LLC Formation Services in New York | Review 2024

Best New York LLC Formation Services

Best LLC formation services in New York: If you would like to start an LLC in New York, also known as The Empire State, there are a few steps to follow. In general, you can set up your LLC in two ways: either you can do it yourself or get help from professionals. New York is a business-friendly state and has immense opportunities for start-ups. However, setting up an LLC in New York can be stressful for beginners. Hence, hiring a professional LLC formation service is better than doing it on your own.

In New York, you will find several LLC formation services that offer great deals. Some offer free service, some offer a business website and logo with the LLC package, and some offer something else. This is incredibly attractive; however, based on your company’s requirements, you must choose the best option for you!

To help you navigate setting up an LLC, Webinarcare Editorial Team has compiled a list of the best New York LLC formation services. These companies can help you handle the paperwork and legal requirements, so you can focus on growing your business.

Starting an LLC is attractive for many entrepreneurs looking to establish a new business. Limited Liability Companies (LLCs) offer numerous advantages for entrepreneurs and small business owners, including liability protection, flexibility in management, and favorable tax treatment. As a result, many entrepreneurs are choosing to form their LLCs in New York. 

The Best New York LLC Formation Services

In this section, we will describe the operating procedures of the best LLC Formation Services available in New York along with several other relevant information. We will also discuss these companies’ costs, pros, and cons so you to understand better and choose the right LLC formation services you want in New York.

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$0 + State fee

  • Free LLC Formation

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$0 + State fee

  • Free LLC formation

  • Costly Ad-on services

  • Other Business services

Webinarcare Editorial Team has come up with some extraordinary LLC formation services. This is a general list based on our experience. You can compare their services and pricing before you hire them to form your business.

Following are the 5 best LLC formation services in New York:

Now, let’s dive into the list of best LLC formation services in New York.

1. ZenBusiness

zenbusiness

ZenBusiness is an affordable and user-friendly option for forming an LLC. With its straightforward pricing and comprehensive services, ZenBusiness has quickly become one of the most popular choices for entrepreneurs looking to form an LLC.

Plans and Pricing 

ZenBusiness offers three different pricing plans, starting at $0 plus state fees for their basic package, which includes a registered agent service, an operating agreement, and a worry-free guarantee. Their Pro package ($199 plus state fees) adds an Employer Identification Number (EIN), banking resolution, and expedited filing. The Premium package ($299 plus state fees) includes all Pro features, a business website, a domain name, and an email address.

Add-on Services By ZenBusiness

  • Tax and Accounting
  • Compliance Services
  • Annual Reports
  • Business License Reports
  • Business Website
  • Banking & Finances

ZenBusiness provides a standalone registered agent service. If you do not need the entire formation package, you can only purchase their registered agent service at $99 per year.

Pros 👍Cons 👎
Affordable pricing and clear, transparent plansThe basic package does not include an EIN
Excellent customer service and supportNo New York nonprofit formation
Fast turnaround times for LLC formation
Positive customer reviews

2. TailorBrands

TailorBrands is another popular choice for entrepreneurs forming an LLC. They offer various services, from basic formation packages to more comprehensive plans with additional features. TailorBrands is one of those services that offers LLC formation services at $0. Besides, this company offers other business solutions such as logo makers, websites, merchandise, etc.

Plans and Pricing

TailorBrands’ pricing starts at $0 plus state fees. This includes basic formation services. TailorBrands offers registered agent service at an additional cost. Besides the LLC formation services, TailorBrands offers incredible business solutions such as website building, company logo making, and business merchandise at a very reasonable price.

Add-on and Other Services By Incfile

  • Registered Agent: $199 after a year
  • Employer Identification Number: $99
  • Annual Compliance – $199/year
  • Operating agreement: $29
  • Expedited filing – $49

Besides, TailorBrands offers Logo Making starting from $5, along with domain, website building, and other services at a lower price.

Pros 👍Cons 👎
Offers various branding and marketing services, such as logo design, website builder, and social media management, in addition to LLC formation services.TailorBrands does not offer in-house registered agent services; they have partnered with a third-party provider.
Their tiered packages cater to different needs, offering a mix of legal and branding services.Their primary focus on branding means they offer fewer legal services than other providers.
Provides an easy-to-use interface, making the LLC formation and branding process more accessible.

3. LegalZoom

legalzoom

LegalZoom is a well-established name in the business formation industry, offering a range of legal services beyond New York LLC formation. Their experience and reputation make them a reliable choice for entrepreneurs.

Plans and Pricing

LegalZoom’s pricing for LLC formation starts at $0 plus state fees for the Basic Package, which includes a name check, filing formation documents, and access to an online document library. The Pro Package ($249 plus state fees) adds a personalized operating agreement, while the Premium Package ($279 plus state fees) includes expedited processing and priority shipping.

Add-on Services by LegalZoom

  • Registered Agent
  • Trademark registration
  • Copyright registration
  • Patent services
  • Estate planning
  • Legal advice
  • Expedited Filing

Registered Agent Service is not included in any packages. It is available as an add-on at $299 per year! LegalZoom is the best option if you have a requirement of only registered agent service, not the entire formation package.

Pros 👍Cons 👎
A well-known and reputable companyMore expensive than some competitors
A wide range of legal services beyond LLC formationSome customer reviews mention slow turnaround times.
Lifetime customer support

4. BetterLegal

betterlegal

BetterLegal provides an efficient and user-friendly platform for entrepreneurs to establish legal entities such as LLCs (Limited Liability Companies) and corporations. The platform streamlines forming a business entity, making it easier and more accessible for individuals without legal expertise.

Plans and Pricing

BetterLegal offers a straightforward pricing structure for its services. The company offers $299 + state fees price for a formation package. You must pay $50 to get the service if you want to obtain the EIN. Besides, BetterLegal is a legal firm that provides legal support and consultation.

Other Services and Add-ons By BetterLegal

  • Registered Agent service – $10/month or $90/year
  • State Annual compliance services – $10/month or $90/year
  • Permit & License Search Service – $125
  • Amendment & document research – $0

Amendment and document research come with BetterLegal’s core formation package. It is free. On the other hand, this service is available as a standalone service. You must purchase the core formation package if you need amendment and document research.

Pros 👍Cons 👎
User-Friendly PlatformLimited Legal Advice
Time and Cost SavingsState-Specific Services
Transparent PricingLack of Customization

5. Northwest Registered Agent

northwest registered agent

Northwest Registered Agent is known for its personalized customer service and commitment to privacy. They offer a simple and straightforward approach to New York LLC formation, focusing on the essentials.

Plan and Pricing

Northwest Registered Agent charges a flat fee of $225 plus state fees for their New York LLC formation service, which includes a registered agent service, filing formation document, and an operating agreement draft.

Add-ons and Other Services By Northwest Registered Agent

  • Registered Agent at $125 yearly
  • Annual report filing at $100 + state filing fee
  • Obtaining EIN at $50
  • Northwest offers National Agent Service. If you operate your LLC Registered Agent in 5 or more states, you can pay $100 + state fees (if applicable) to get a single agent for all states.

With Northwest Registered Agent, you can enjoy the standalone Registered Agent service. If you don’t want the full formation package, you can purchase the only registered agent service for $125 per year.

Pros 👍Cons 👎
Flat fee pricing with no upsells or hidden costs.No tiered pricing or additional features are available.
Excellent customer service and personalized supportMore expensive than some competitors
Focus on privacy and security.

Webinarcare Editorial Team selects these LLC Formation Services through thorough research and market study. You must cross-check all the factors before choosing the right one for your New York business.

What is an LLC?

An LLC, or Limited Liability Company, is a legal business structure that combines the benefits of both corporations and partnerships. It offers limited liability protection to its owners, known as members, and provides flexibility in management and taxation. LLCs in New York are popular among New York business owners and entrepreneurs because they are relatively easy to set up and maintain compared to other business structures.

Key features of an LLC include:

  • Limited Liability Protection: Members of New York LLC are not personally liable for the company’s debts or liabilities. This means that their personal assets, such as homes and savings, are protected from creditors and lawsuits related to the business.
  • Flexible Management: Unlike New York Corporations, which require a Three board of directors and officers, LLCs can be managed by the members themselves or by appointed managers. This allows for more flexibility in how the company is run and makes it easier for small business owners to maintain control over their operations.
  • Pass-through Taxation: By default, New York LLCs are not taxed as separate entities. Instead, their profits and losses pass through to the owners, who report them on their personal income tax returns. This avoids the double taxation that affects corporations, which pay taxes on their profits, and then shareholders pay taxes on dividends. However, LLCs can also be taxed as corporations if it’s more advantageous for their specific situation.
  • Easy Formation and Compliance: Forming an LLC typically requires filing New York Articles of Organization with the New York and paying a filing fee of $200 (by mail and online). While some ongoing compliance requirements may apply, such as submitting New York Biennial Reports or maintaining a Resident Agent, LLCs generally have fewer regulations and restrictions than corporations.

An LLC offers a flexible and relatively simple way for entrepreneurs and small business owners to establish a legal business structure while providing limited liability protection and potential tax advantages.

How to Choose the Best LLC Formation Services

Choosing the best LLC formation service New York depends on several factors, such as pricing, features, customer support, and overall reputation. To make an informed decision, consider the following steps:

  • Determine your needs: Identify your specific requirements before comparing New York LLC formation services. Do you need help filing the necessary paperwork or require additional services like Obtaining an EIN, drafting an operating agreement, or having a registered agent service?
  • Research and compare options: Compile a list of potential LLC formation services available in New York. Research each company’s reputation, customer reviews, and track record. Look for services with a history of satisfied clients, quick turnaround times, and a strong reputation for providing accurate and reliable support.
  • Compare pricing and packages: Analyze the pricing and packages offered by each service. Some companies offer tiered pricing, while others charge a flat fee for their services. Consider the features included in each package and determine which one offers the best value for your needs. Remember that the cheapest option may only sometimes be the best choice, as it could lack essential features or support.
  • Evaluate customer support: Customer support is crucial when dealing with legal and regulatory matters. Make sure the New York LLC formation service you choose offers responsive and knowledgeable support through various phone, email, or live chat channels. It would be best if you also verified their availability during your preferred hours of operation.
  • Consider additional services: Some LLC formation services offer a range of additional features, such as ongoing compliance assistance, legal advice, or business document templates. If you anticipate needing these services, choosing a provider that can fulfill all your business requirements in one place may be beneficial.
  • Read customer reviews and testimonials: Lastly, read customer reviews and testimonials to gain insights into each company’s performance and client satisfaction. Look for consistent patterns in feedback, such as responsiveness, accuracy, and professionalism. Remember that occasional negative reviews are inevitable, but a company with overwhelmingly positive feedback will likely provide a reliable and satisfactory experience.

By carefully considering your needs, comparing options, and evaluating customer support and additional services, you can choose the best LLC formation service in New York that meets your requirements and helps you start your business on a strong foundation. 

Importance of Professional LLC Formation Services

Professional LLC formation companies play a crucial role in helping entrepreneurs and small business owners establish their businesses by simplifying the process of forming a Limited Liability Company (LLC). These services offer a range of benefits, including saving time and effort, ensuring compliance with legal requirements, and providing ongoing support. Here are some key reasons why utilizing professional LLC formation companies is important:

Expertise and experience

Professional LLC formation companies possess the knowledge and experience to navigate the complex process of forming an LLC. They understand the legal requirements, regulations, and documentation needed to establish a compliant LLC in your state. This expertise can help you avoid costly errors, omissions, or delays in the formation process.

The LLC formation services should know about filing an LLC, Articles of Organization, or Certificate of Incorporation in New York Secretary of State.

Time and Effort Savings

Forming an LLC can be time-consuming, especially for first-time entrepreneurs needing to become more familiar with the process. By enlisting the help of a professional LLC formation company, you can save time and effort, allowing you to focus on other aspects of starting and growing your business.

Compliance Assurance

One of the primary benefits of using  New York professional LLC formation service is ensuring that your LLC complies with state laws and regulations. This includes accurately preparing and filing the necessary paperwork with a Resident Agent, obtaining required New York Business Licenses and permits, and maintaining ongoing compliance through New York Biennial Reports and other filings.

Registered Agent Services

New York require LLCs to have a Resident Agent, who is responsible for receiving legal and government correspondence on behalf of the company. Many professional LLC formation companies offer New York Resident Agent Services, which can be a convenient and cost-effective solution for maintaining this requirement.

Customized Operating Agreements

A well-drafted New York Operating Agreement defines your LLC’s structure, management, and ownership. Professional LLC formation services often provide customized operating agreements tailored to your business needs, ensuring your New York LLC is set up correctly.

Ongoing Support and Resources

Many professional LLC formation companies offer ongoing support and resources for business owners, including assistance with compliance, legal advice, and access to business document templates. This can be invaluable in helping you manage and grow your business.

Peace of Mind

New York LLC formation services provide peace of mind, knowing your business is set up correctly and compliantly. This allows you to focus on your core business objectives with the confidence that experts are handling your LLC’s legal and regulatory requirements.

Can an LLC Formation Services Help Me File My Taxes?

Each LLC formation specialist provides tax advice to help you avoid state tax penalties easily. You can even file your taxes on time, so your business won’t be charged a fee. The LLC formation company or your hired Resident Agent can file for your taxes in New York State Department of Taxation and Finance. 

Do I Need New York LLC Formation Services?

You can do everything an LLC service can without paying the service fees. Business owners who don’t want to file independently can benefit from LLC services, which can also give them access to other legal services from experienced lawyers. Your New York LLC can also be created for you by a local business lawyer. New York Business Attorney can be a good option if you prefer a personal relationship with someone who can assist you with various legal questions and issues, even though this may cost more than an online service.

FAQs

What are the best LLC formation services available in New York?
Some of the top LLC formation services in New York include LegalZoom, Incfile, and Rocket Lawyer.
Can I form an LLC in New York on my own without using a formation service?
Yes, you can file all the necessary paperwork yourself with the New York Department of State, but using a professional service can simplify the process.
How much does it cost to use an LLC formation service in New York?
Costs can vary depending on the service provider, but expect to pay anywhere from $50 to $500 for LLC formation services in New York.
Do I have to be a resident of New York to form an LLC in the state?
No, you do not have to be a resident of New York to form an LLC in the state.
Are there any specific requirements for forming an LLC in New York that I should be aware of?
Some key requirements for forming an LLC in New York include choosing a unique name, designating a registered agent, and filing Articles of Organization with the Department of State.
What is the processing time for forming an LLC in New York?
Processing times can vary, but most LLC formation services in New York can have your business up and running within a few weeks.
Can I choose any name I want for my New York LLC?
No, the name you choose for your New York LLC must be unique and not already in use by another business in the state.
What is a registered agent, and why do I need one for my New York LLC?
A registered agent is a person or company that accepts legal documents on behalf of your LLC; it is required in New York to have a registered agent for your LLC.
Can I change the name of my New York LLC after it has been formed?
Yes, you can change the name of your New York LLC by filing an amendment with the Department of State.
Are there any ongoing requirements I need to fulfill to maintain my New York LLC in good standing?
Yes, in New York, LLCs are required to file biennial statements every two years and pay a filing fee to keep the company in good standing.
What is the difference between an LLC formation service and hiring an attorney to form my New York LLC?
An LLC formation service helps with the paperwork and application process, while an attorney can provide legal advice and guidance throughout the formation process.
Can I form an LLC in New York for a specific industry or business type, such as a restaurant or consulting firm?
Yes, you can form an LLC in New York for any type of business, regardless of the industry.
Is it necessary to have a physical address in New York for my LLC, or can I use a virtual address?
In New York, you are required to have a physical street address as the registered office for your LLC.
Do I need to obtain any permits or licenses to operate my New York LLC?
Depending on the nature of your business, you may need to obtain specific permits or licenses to operate legally in New York.
Can I operate my New York LLC in other states as well?
Yes, you can operate your New York LLC in other states, but you will need to register as a foreign LLC in those states.
How can I dissolve my New York LLC if I no longer want to operate the business?
To dissolve your New York LLC, you will need to follow the specific guidelines set forth by the state, which may include filing dissolution documents with the Department of State.
Can I form an LLC in New York if I am not a US citizen or permanent resident?
Yes, non-US citizens and non-residents can form an LLC in New York, but they may need to appoint a registered agent who is a US resident.
Are there any advantages to forming an LLC in New York versus other states?
New York offers certain tax advantages, access to a large market, and a favorable legal environment for businesses, making it an attractive state for LLC formation.
Do I need to have a business plan before forming an LLC in New York?
While it is not required to have a business plan to form an LLC in New York, it is highly recommended to have a clear plan for your business’s operations and growth.
How can I choose the right LLC formation service for my needs in New York?
To choose the best LLC formation service in New York, consider factors such as pricing, customer reviews, turnaround time, and additional services offered.
Can I form an LLC in New York if I already have an existing business structure, such as a sole proprietorship or partnership?
Yes, you can convert an existing business structure to an LLC in New York by filing the necessary paperwork with the Department of State.
Can I form a Series LLC in New York?
No, New York does not currently recognize Series LLCs, so you cannot form this type of structure in the state.
What is the best way to ensure that my New York LLC is compliant with state regulations?
It is advisable to consult with a legal professional or compliance specialist to ensure that your New York LLC is fully compliant with all state regulations.
Can I operate a New York LLC under a different name than the one I registered with the state?
Yes, you can operate your New York LLC under a trade name or “doing business as” (DBA) name by filing a Certificate of Assumed Name with the Department of State.
Are there any tax incentives or benefits for forming an LLC in New York?
Yes, New York offers various tax incentives and benefits, such as credits for job creation, investment, and renewable energy projects, which can benefit LLCs in the state.
Can I form an LLC in New York as a single-member LLC or do I need partners?
You can form a single-member LLC in New York without needing partners, but you will still need to fulfill all formation requirements.
Will my information be kept confidential when I form an LLC in New York?
In New York, certain information about your LLC, such as the names of members and managers, will be publicly available, but some details can be kept confidential by hiring a professional registered agent.
Can I relocate my LLC to New York if it was formed in a different state?
If your LLC was formed in a different state, you can typically re-domesticate it to New York by following the proper procedures for registering as a foreign entity in the state.
What are the best LLC formation services in New York?
Some of the best LLC formation services in New York include ZenBusiness, Incfile, and LegalZoom.
Do I need a registered agent for my LLC in New York?
Yes, all LLCs in New York are required to have a registered agent.

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Conclusion

Choosing the right New York LLC formation service for your needs depends on your budget, your support level, and any additional features you may need. ZenBusiness is an excellent choice for affordable yet comprehensive LLC formation service. Regardless of which LLC formation service you choose for your New York LLC, it is essential to research and compares your options thoroughly to ensure you receive the best possible support and value for your money. By doing so, you can focus on growing your business with the confidence that your legal and regulatory requirements are in good hands.

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