Best LLC Formation Services in New York | Comparative 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 take 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.

LLC Service

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#1 Recommendation

$0 + State fee

  • Free LLC Formation

  • Legal Support

  • Highly Reputed Company

$299 + State fee

  • Single LLC formation package

  • Flat price for all services

  • Legal consultation

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. 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

2. 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

3. 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

4. Incfile

incfile

Incfile is another popular choice for entrepreneurs forming an LLC. They offer various services, from basic formation packages to more comprehensive plans with additional features. Incfile is one of those services that started LLC formation services at $0.

Plans and Pricing

Incfile’s pricing starts at $0 plus state fees for their basic Silver package, which includes a registered agent service, company alerts, and online access to incorporation documents. The Gold package ($149 plus state fees) includes an EIN, operating agreement, and banking resolution. In contrast, the Platinum package ($299 plus state fees) adds a business website and domain, expedited filing, and customizable legal forms.

Add-on and Other Services By Incfile

  • Registered Agent: $119 after a year (one year free)
  • Employer Identification Number: $70
  • Operating agreement: $40
  • Certificate of Good Standing: $49 + State Filing Fees
  • File corporation annual report: $88 + State Filing Fees
  • Doing Business As (DBA): $99 + State Filing Fees
  • Trademark Registration: $199 + Federal Filing Fees
  • Business License Search: $99
  • Dissolution: $149 + State Filing Fees
  • S-Corp Tax Election: $50 for current LLC & $25 for current C-Corps

Registered agent service at Incfile is available at $119 per year. However, you can enjoy it for free for one year if you take their formation package.

Pros 👍Cons 👎
Competitive pricing, with a free basic package availableSome additional features, such as a business website, are only available in the most expensive package.
A comprehensive range of services and featuresAdditional cost to obtain EIN
It comes with a registered agent service, even in the basic package
Good customer support

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 does LLC stand for in New York?
LLC stands for Limited Liability Company.
Can I form an LLC in New York on my own?
Yes, you can file your own Articles of Organization and form an LLC in New York.
What is the cost of forming an LLC in New York?
The filing fee for forming an LLC in New York is $200.
What is the difference between an LLC and a Corporation in New York?
The main difference is in the ownership structure and the way the entities are taxed.
Are there any specific requirements for forming an LLC in New York?
Yes, you must choose a unique name, have a registered agent in New York and file Articles of Organization.
Can I change the name of my New York LLC after formation?
Yes, by filing a Certificate of Amendment with the New York Department of State.
Do I need a New York mailing address to form an LLC in New York?
No, but you need a New York registered agent to receive mail and legal documents on behalf of your LLC.
Can I form an LLC in New York if I’m not a US citizen?
Yes, non-US citizens can form an LLC in New York.
How long does it take to form an LLC in New York?
The processing time for filing Articles of Organization in New York is typically ten business days.
Do I need an attorney to form an LLC in New York?
No, but it is helpful to consult with an attorney to ensure compliance with New York laws and regulations.
What is a publication requirement in New York?
Within 120 days of formation, the LLC is required to publish a notice of its formation in two newspapers.
Can I hire an online service to form an LLC in New York?
Yes, many online services offer assistance with forming New York LLCs.
What is a registered agent in New York?
A registered agent is an individual or entity designated by an LLC to receive legal notices and official documents on behalf of the company.
Can I form a single-member LLC in New York?
Yes, single-member LLCs are allowed in New York.
Is an LLC in New York obligated to have an operating agreement?
No, it is not required by law, but it is strongly recommended to have an operating agreement.
Can I form an LLC in New York without a Social Security Number?
No, a Social Security Number or an Individual Taxpayer Identification Number is required to form an LLC in New York.
Is an LLC required to have a New York physical location?
No, but the LLC must have a registered agent with a New York physical address.
Can I form a foreign LLC in New York?
Yes, foreign LLCs can form and operate in New York.
Can a non-US company form an LLC in New York?
Yes, a non-US company can register an LLC in New York and do business in the state.
Can I register my out-of-state LLC in New York to do business there?
Yes, to do so, you need to register your LLC by filing an application for authority with the New York Department of State.
Does an LLC in New York have to pay state franchise taxes?
Yes, LLCs in New York are subject to a state-level franchise tax.
Can I change the ownership structure of my New York LLC once formed?
Yes, by amending the LLC operating agreement or filing new LLC members with the New York Department of State.
How long does my New York LLC remain active?
In New York, an LLC needs to be renewed every two years by filing Biennial Statements with the Department of State.
Can I dissolve my LLC in New York?
Yes, an LLC can be voluntarily dissolved by filing Articles of Dissolution with the Department of State.
Are there any annual reports an LLC must file in New York?
No, New York requires Biennial Statements rather than annual reports.
Can I convert my New York LLC into another entity type?
Yes, by filing Articles of Conversion with the New York Department of State.
What is personal liability protection for LLCs in New York?
Personal liability protection limits the liability of LLC members to the amount of business investment they have made in the LLC.
Can I change the designated LLC registered agent in New York?
Yes, by filing a Change of Agent form with the New York Department of State.
What is an LLC formation service?
An LLC formation service helps businesses create Limited Liability Companies (LLCs) and file the necessary paperwork with the New York State Division of Corporations.
Why would I need LLC formation services in New York?
LLC formation services provide professional guidance and help you navigate the complex process of forming your LLC in accordance with New York state laws.
Which LLC formation service is the best in New York?
There are many excellent LLC formation services in New York, each with their unique advantages and disadvantages. Research your options carefully to find the best one for your situation.
How much does it cost to form an LLC in New York?
The cost of forming an LLC in New York includes filing fees and any additional services needed. The fees vary depending on the company you choose to work with and the complexity of your business.
What is the LLC filing fee in New York?
The LLC filing fee in New York is $200.
Can I form my LLC on my own in New York?
Yes. You can form an LLC in New York on your own by filing the necessary paperwork with the New York State Division of Corporations.
How do I register an LLC in New York online?
Go to https://www. dos.ny.gov/corps/llcguide.html where one may Register a Domestic limited liability company and need to obtain a “clean” name that satisfies requirements needed by NYS law. After completion, the digital Certificate of Formation may be submitted online.
Does New York have an LLC renewal fee?
Yearly reports/updates for LLCs are required which costs $9 a year.
When and how do New York LLCs file their annual reports?
Annual reports are required to be submitted every year before the first day of the payment month of the points factor midmonth anniversary. One may log into their Department of State’s online system to submit the report.
What are some good online LLC services for businesses in New York?
Some of the good online LLC services for businesses in New York include Rocket Lawyer, LegalZoom, Corpnet, Incfile etc.
Does New York require a resident agent for LLC formation?
Every New York LLC must designate a registered agent who has to authorize and agree to receive any legal process and other documentation done by the state or another LLC called service of process designation.
Should I use an LLC service or hire an attorney in New York?
Both LLC services and lawyers can help you navigate the complex process of forming an LLC. However, lawyers will charge higher, can provide legal advice while LLC services are cost-effective with filling fees and do not give legal advice.
What is the most affordable way to form an LLC in New York?
One may consider using an LLC formation service that offers low cost-efficient assistance or file with the New York Division of Corporations without the aid of any service.
How many people must form an LLC in New York?
In New York, an LLC can consist of only one member.
When setting aside Members Resolutions within minutes, are there any specific matters that need to be resolved as per the NY LLC Laws?
New York law requires that some resolutions must be resolved instantlty as per the Operating Agreement and general rules of law while others need a meeting to be held.
Does New York require any additional filings after the LLC has been formed?
Once the LLC has been formed and registered with the state, additional filings are mandatory on a yearly basis and must pay a fee.
How do I add, remove a Member from my New York LLC and pay for the membership in a timely manner?
The LLC Agreement needs to address addition or any termination of a member, Member withdrawal and buyout rights.
Can I make changes to the New York LLC operating agreement after it is signed?
Yes. LLCs can always change their operating agreements with some deliberations on while signitures and major updates.
What are some benefits of using a professional LLC formation service in New York?
LLC formation services remove the stress of formation, prevent common mistakes through consultations and help guarantee compliance to state policy thus, easing any legal problems especially by saving both money and time.
What services come as a package with LLC formation in New York?
Many LLC formation services in New York include access to legal advice including newsletters, customized Operating and Observance Documenting Book Binders among others discounted rates.
Can LLC formation services provide help with federal taxes?
LLC formation services do not provide help with federal taxes, one may employ an accountant for that.
do LLCs in New York require a Buy-Sell agreement?
No. Buy-sell agreements are voluntary but work around transfer of interests need consideration. Court action to settle disputes arising from LLCs and its approach is described in the review of company assets included in it.
Does every business in New York have to form an LLC?
No. Sole-proprietorships and corporations are two other legal business structures, and businesses prior to formation of the LLC commence solo, shares and council while absence of personal risk liabilities faced, any freedom from taxes worked out post formation.
Can foreign LLCs file for registration in New York?
Yes. Foreign Limited Liability Companies can register to conduct activities in the New York State division of corporations by qualifying & listing their authorized agent & office in New York too.
Do LLCs in New York require a DBA?
Does exist specially for Sole proprietors/General partnerships who don’t use the entity’s name because it has a name different than their own. Working in so many names from a single LLC requires various filling formats, when filing under that name.
Are there any important things to remember when forming an LLC in New York?
In New York, working capital must be not less than the amount stipulated on the Certificate of Authority, and LLCs must update address, nature of business address origin when it naturally changes.

Also Read

Why is New York One of the Best Places for Business

One of the key reasons why New York City is such a popular destination for businesses is its central location and easy access to major global markets. Situated on the east coast of the United States, New York City serves as a bridge between Europe and the Americas, making it a strategic hub for international trade and commerce. This prime location ensures that businesses based in New York have easy access to some of the largest consumer markets in the world, providing them with a competitive edge in today’s global economy.

In addition to its advantageous geographic location, New York City boasts a diverse and highly skilled workforce that is crucial for the success of any business. With some of the top universities, research institutions, and industry leaders located in and around the city, New York provides businesses with access to a deep pool of talent across various sectors. Whether it’s finance, tech, fashion, media, or any other industry, New York City attracts top talent from around the world, allowing companies to tap into a rich and dynamic talent pool to drive innovation and growth.

Furthermore, New York City’s vibrant and diverse business environment is also a major draw for companies looking to thrive in a competitive market. With a mix of large multinational corporations, small and medium-sized enterprises, startups, and innovative entrepreneurs, New York City offers a business ecosystem that is both supportive and challenging, pushing businesses to continuously innovate and evolve. This mix of established industry leaders and emerging startups creates a dynamic and competitive marketplace that fosters collaboration, creativity, and growth, making it an ideal environment for businesses of all sizes to succeed.

Apart from its business-friendly environment, New York City also boasts a rich cultural scene that sets it apart from other business hubs around the world. With world-class dining, shopping, entertainment, and cultural attractions, New York City offers a unique quality of life that is unparalleled. This vibrant and diverse cultural scene not only attracts top talent but also provides businesses with endless opportunities to engage with customers and clients in unique and memorable ways. From hosting events and activation campaigns to leveraging the city’s cultural institutions for collaborations and partnerships, New York City’s cultural landscape offers businesses a creative and exciting platform to connect with their audience and elevate their brand.

In conclusion, New York City’s status as one of the best places for business is no surprise given its unique combination of advantages, including its prime location, diverse talent pool, dynamic business environment, and vibrant cultural scene. With all these factors working in its favor, it’s clear why so many businesses choose to call New York City their home.

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 and Incfile are excellent choices for affordable yet comprehensive LLC formation services, while LegalZoom and Rocket Lawyer may be more suitable for entrepreneurs who require ongoing legal support. Northwest Registered Agent is a great option for those prioritizing privacy and personalized customer 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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