Best LLC Formation Service Online?

[Frank Petronio]

For New York State if that matters.

Just hoping somebody has already researched and found the best value/service for an online service that will set up a new LLC.

I know Quicken has one, etc. but there is probably something better?

Thanks, Frank

[tpersin]

every state is different, but in PA it was easy enough to do with a few forms I downloaded from the state website...

[David Spivak-Focus Magazine]

For New York State if that matters.

Just hoping somebody has already researched and found the best value/service for an online service that will set up a new LLC.

I know Quicken has one, etc. but there is probably something better?

Thanks, Frank

https://inclaunch.com/forms/new_york/llcform.php

This should do it for you. It's quick, easy and inexpensive.

[cyrus]

No need to go through a service, really . . .

[JW Dewdney]

I was looking into this a few months back. The cheapest I found was somewhere around $200-$250 after all was said and done, IIRC.

[cyrus]

In NJ, you can set up an LLC online using the Sec of State website. The only cost is the payment to the Secretary of State (which you'd have to pay even if you use a service)

In NY, I think all you do is download a form and fill it out and mail it in. That part is not complicated. From there, you;ll have to keep the LLC money separate from your own etc. Nolo Press publishes a DIY book on this.

[j.e.simmons]

Just be sure you really need an LLC. If your business has one owner, and LLC is not the right vehicle (at least here in Florida).
juan

[David Spivak-Focus Magazine]

For New York State if that matters.

Just hoping somebody has already researched and found the best value/service for an online service that will set up a new LLC.

I know Quicken has one, etc. but there is probably something better?

Thanks, Frank

The differences between an S-Corp, LLC and Sole Proprietorship are very simple.

In a Sole Proprietorship, you are personally taxed and responsible for your business. It's reg'd under your SSN.

An S-Corp you are liable for whatever the court deems you liable for, however; it is a seperate entity. Theoretically, you run up $1M in debt and dissolve your corporation and not be responsible for a dime.

An LLC is the same as an S-Corp only you are only liable for the up front investment into your company. So if you invest $50,000 into your LLC, you are only liable for $50,000. These are best with partnerships.

[JW Dewdney]

what's an S-corp?

[David Spivak-Focus Magazine]

what's an S-corp?

An S corporation or S-corp, for US federal tax purposes, is a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. Unlike a regular C corporation, an S corporation generally pays no corporate income taxes on its profits. Instead, the shareholders in the S corporation pay income taxes on their proportionate shares, called distributive shares, of the S corporation's profits. Shareholders must report the income (and pay a related tax, if any) regardless of whether the shareholders receive distributions from the S corporation.

[cyrus]

In NY the LLC is the preferred vehicle. Much easier to manage legally and cheaper to form.

In some states, forming an LLC used to require more than one person and perhaps Fla still does but almost all states have changed their laws.

[Deane Johnson]

I used LegalZoom.com. Don't remember the exact cost, but it was low. They filed everything with the state for me.

[William McEwen]

I used LegalZoom.com. Don't remember the exact cost, but it was low. They filed everything with the state for me.

I have heard good things about Legalzoom.com for this sort of thing, though I've never used them personally.

[Matt Miller]

I used LegalZoom.com. Don't remember the exact cost, but it was low. They filed everything with the state for me.


ditto.

[wfwhitaker]

You might check with the Small Business Administration.