Starting Llc Business
If you’re a new starting llc business owner in New York, forming an LLC can help your company get off to a great start. However, you should do your research before making a decision to form an LLC.
Choosing Your Name
Before you can register your LLC, you must choose a business name that is not already in use by another entity. This is one of the most important steps for a new LLC, as it protects you from lawsuits or other legal issues that may be filed against your business by someone else with the same name.
Filing Your Articles of Organization
Once you’ve chosen a name for your business, you must complete and file articles of organization with your state. This is a basic document that contains the LLC’s name, registered agent, members, and other information.
A good registered agent is a local person who can receive important legal documents on behalf of your LLC and is available to respond to questions from the state. By default, the New York Secretary of State is your registered agent, but you can change it to a personal or professional contact that you trust.
Starting an LLC: A Beginner’s Guide
The IRS requires businesses to use a federal employer identification number (EIN) when filing taxes. You can obtain an EIN for free by visiting the IRS website.
As a small business, it is essential to have liability insurance for your business. Whether general (for reputational harm, bodily injury, or property damage) or professional (for errors and omissions), it can help you defend against lawsuits that could harm your business financially.