[wandernotlost]

As someone who has been living in NYC and is currently considering what state in which to register an LLC, I feel like the sub-$1000 difference filing in NYC would make to my registration is barely a factor. If you're trying to do business in NYC, this is not a significant amount of money.

[jweir]

A $1000 might not be a big fee to you, but to some small business that is a lot of money. That might be the choice between getting a new equipment or complying.

Think about small food vendors, a jewelry designer, contractors, a plumber, etc who wants to setup an LLC and are faced with this graft to a newspaper no one reads.

[jaynos]

Would you feel the same if it was a fee that went to the state with no apparent benefit?

[jgalt212]

I agree. This public notification requirement is a small nuisance, not a true impediment to building a business.

Of course, I'd rather it not exist but there are many, many more important things to focus on than this when building a business.

[nehalm]

There are also better uses of startup capital than expensive newspaper notices that aren't benefiting the public as the same information is available on state websites. In the aggregate, millions of dollars are being transferred to newspapers each year through this law.

[jgalt212]

All that's probably true, but the effort to change a largely inconsequential (my view) law would not be worth the cost (time and effort) that could be more effectively spent elsewhere.

And the fair dealer in me doesn't feel too bad about giving some free revenues to an industry largely gutted by start ups.