New York LLC Formation Service $99!*
*Plus state fees for all 50 States and D.C. Prices may vary for USA territories.
InCorp is the cost-effective, cutting-edge, and innovative leader that provides you with exceptional services in forming your new Corporation, New York Limited Liability Company (LLC), or any other kind of business structure. We assist our clientele in the formation of businesses throughout all 50 of the United States, as well as Washington D.C., the U.S. Virgin Islands, and Puerto Rico.
What Is an LLC?
A New York Limited Liability Company or "LLC" is a distinct form of business that utilizes various aspects of corporations, partnerships, and sole proprietorships to create a simple and adaptable business structure that many small business owners widely prefer.
How Can Forming a New York Limited Liability Company Help Your Business?
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Easy to Run
The structure of the LLC was established around the idea of the freedom to contract, meaning that owners only need to agree with each other on how the company will operate; this agreement can be upheld in the courts. LLCs are not required by law to record resolutions, amendments, annual board meetings, and meeting minutes, as are corporations. In most states, corporations that do not meet these requirements lose the asset and liability protections generally associated with the corporate structure. Nevada is a deviation from this norm, as these corporate procedures are not required, and the corporate veil can only be pierced in cases of fraud. Once again, your particular circumstances will dictate whether an LLC or a corporation is the best option for your business.
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Tax Advantages
The LLC's structure will legally separate business owners from their businesses (similar to a corporation). However, it will also allow the LLC the opportunity to choose to be treated like a partnership for tax purposes. If this is the case, no taxes would be paid through the LLC directly. Instead, the income would be passed through to the owners as with partnerships. The tax regulations governing partnerships are more flexible than a corporation, which allows for more maneuverability in how a business prepares for its taxes. Companies can find ways to maximize the number of tax breaks they qualify for, therefore minimizing their tax burden. The specific circumstances will help dictate whether an LLC or corporation will offer them the best tax advantages.
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Ability to Raise Capital
When a business chooses to structure itself as an LLC, it has the ability to add new owners (called members) in an easy and straightforward process, and there is no limitation in how many members can be added. These additional members and investors can include individuals, corporations, trusts, or pension plans and are not required to be within the same state or even within the U.S. In addition, an LLC or corporation can be created in a state where its owners do not personally live. For instance, an LLC can be formed by its creators in the pro-business state of Nevada, even if they have never personally been to the state themselves.
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Liability and Asset Protection
In today's society, lawsuits are common, and this is why it's essential to create a legal barrier between you and your creditors so that you are protected. LLCs separate the business from the owners themselves as completely separate legal entities. Owners are not personally liable for any debts their LLC may have, even if these debts are related to a contract or tort. For the most part, the operating agreement can contain many procedures and rules that the participating parties want, and, once put into place, it can sit there indefinitely, maintenance-free. This first drafting of the operating agreement is critical. It must follow and comply with any state and IRS regulations so that the LLC will be taxed accordingly as a partnership, not a corporation.
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Co-Owner Liability
In all U.S. states, LLC owners (members) are not typically held personally liable for another co-owner's or employee's wrongdoings. Corporations also protect this type of personal liability, while partnerships and sole proprietorships do not.
Suppose an LLC is held responsible for negligence or wrongful actions of an employee or another owner. In that case, it can have financial assets or property taken from it due to an unfavorable judgment against it. The innocent LLC members will not be held personally liable; however, the owner or employee who perpetrated the act can be held personally responsible for their actions.
"...customer service was top notch and greatly appreciated."
Melissa M.
Why choose InCorp Services to form your New York LLC?
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Help Prevent Corporate Identity Theft
EntityWatch® advises you of changes to help prevent corporate identity theft. Through EntityWatch®, the innovative and proprietary technology developed first by InCorp, our information system ties into most of the state databases to give you up-to-date information on the status of your entities including the filing status, the current registered agent, officers, and directors.
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Consolidate Expenses
For multi-state companies, you will receive a consolidated bill for all your business entities in every state represented.
"Very courteous and professional organization."
Robin
"Incorp has been very easy to work with and very responsive to making requested changes."
Randee K.
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Save Money
For over 20 years we have provided top-tier service with one of the lowest prices in the industry and have only raised our prices one time (while many of our competitors raise their prices on their long-term clients yearly!) Our standard fee to Form your LLC is $99 and to serve as your New York registered agent is only $129 per state per year! And you can save even more when you choose multi-year registered agent service.
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Fast Support and Service
Over-the-counter expedited business document filing service are available for most states. Receive notification of all service of process forms in real-time and receive said service of process within 24-hours of receipt via Express Mail, facsimile, or email.
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File Correctly with Expert Assistance
InCorp allows you the opportunity of choosing between or working with our team of experienced and knowledgeable professionals to provide you with the help you need to incorporate or form your corporation or LLC properly. Our options, adaptability, customer service, and state-of-the-art technology is the reason why InCorp is the chosen preference amongst beginners and accounting and law firms for both LLC registration as well as registered agent services.
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Registered Agent Service in New York & Nationwide
As with corporations and other business structures, limited liability companies are generally required to have a registered agent to comply with the law. InCorp welcomes the opportunity to serve you in fulfilling this legal obligation.
Take the initiative today to implement the legal protections granted to you and your business by the law!
"The customer service was very helpful. We have been using them for about 10 years and there's never been any issues."
Chris S.
Still unsure whether to choose an LLC for your business?
Whichever structure you choose, it should be chosen for the right reasons. Take our two-minute entity quiz to see which structures businesses like yours commonly choose — and review the details on our Compare Entity Types page.
When considering starting a new business, it's essential to know about the options for creating a new LLC. By choosing InCorp, you can be certain that our experienced business specialists are dedicated to helping you from the beginning of the LLC registration process until its completion. We will provide you with a broad understanding of what your business entity can do for you. Additionally, we will guarantee to do this at a cost that beats any competitor's price for incorporation, LLC formation, or any other business services or products that we provide to our customers.
Read our Why Should I Incorporate page or Compare Entity Types page for more information.