| I hate this law. This fee is to have your LLC advertised in a newspaper. This is not going to the state, but to a newspaper or journal. The fees can be high, over a $1000 in Manhattan from what I understand. This is to inform the public that you have formed an LLC with the name so they can contest it or what not. The most amazing thing is the moment you register your LLC it is published on a state website. The day after I formed mine I got about 6 calls from banks wanting to setup my business account. So the law is 100% unnecessary and corrupt. I didn't pay to have advertisements taken out. My LLC is not in good standing. What does that mean, well from what I have read I am not allowed to sue as an LLC until I come in compliance. http://www.masurlaw.com/1182/new-york-llc-publication-requir... "In addition, the Secretary of State has indicated it will not keep a record of LLCs that are not in compliance, further reducing any real liability for failing to publish." Now, my LLC is small and exists purely for organization of income, banking and taxes. If I had real liabilities, employees or large contracts, I would think twice. --edit-- I just remember one more thing about the law, theater groups are exempt. http://www.dos.ny.gov/corps/llcfaq.asp#pubreq |