New York LLC Biennial Statement
LLC formed in New York needs to file a statement with the state biennially. i.e., once every 2 years. Read about how to file this statement.
File Statement online
Visit the official state government’s website to submit biennial statement online.
Visit New York official website
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Limited liability
Personal assets are protected for people with limited liability when they are sued.
Corporation
A business entity that can issue shares and give limited liability to shareholders.
Members
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Sole proprietorship
Where an individual engages in business activity without formal organization.
Why file the report?
New York LLC Biennial Statement
Biennial statement is used to keep an LLC’s contact information up to the date and to keep your LLC in compliance and in good standing with the state. .
Filed once in 2 years
Every registered entity must file this statement once every 2 years.
Change in agent information
This Statement is mainly used to update the Change in Service of Process (agent) details like name and address.
File Online.
Biennial statement can only be filed online. There is no option to file by mail.
Change in address
You can change your Principal business address by updating it on the biennial report when it is due.
New York actions
Here are some of the actions business owners can take in New York:
How to file Biennial statement in New York?
Follow these steps:
1. Visit official website
Every New York LLC has to file a biennial statement once every 2 years. The biannual statement is due by the end of the month of your LLC's anniversary every two years.
Due
biennially
The Biennial Statement must be postmarked, complete and compliant, before the end of your LLC’s anniversary month to avoid late fees.
LLC Biennial Statement
Every LLC has to file this report in New York to stay compliant with the state laws.
Filing Biennial Statement
New York LLC is expected to file this report biennially
File it online on New York Department of State website
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Online fee
$9
Online processing time
same day
Failure to pay
Any biennial statement received after the due date will result in your LLC losing its “good standing” status with the state.
Articles of Organization
In New York, Articles of Organization is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Articles of Organization
There are a couple of ways to file
Address
Department of State Division of Corporations
State Records and Uniform Commercial Code
One Commerce Plaza
99 Washington Ave.
Albany, NY 12231
Online fee
$200
Online processing time
Instant
Mailing fee
$200
Mail processing time
3 - 5 days
Entity name
Every LLC should have a unique name in New York. New York maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the New York corporation & business entity database tool to see if the name you want is available.
Searching fee
Free
Reservation
You can reserve a name for your LLC for a specific duration by paying reservation fees to the New York division of corporations. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
Reservation fee
$40
Reservation period
60 days
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
NY LLC §204
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Here are some of the guidelines in simple language:
- 1
Shall contain without abbreviation the words "Limited Liability Company" or the abbreviation "L.L.C." or "LLC".
- 2
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
- 3
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
- 4
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC annual statement in New York
It is very important to maintain full compliance in New York. Filing these reports helps you protect your personal assets by maintaining limited liability and also to be in good standing with the state. Read our guides to learn how to start and manage a business in New York.
New York LLC
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