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Al Tulone
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476
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Carini Rochester
  • Investor
  • Rochester, NY
295
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476
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Carini Rochester
  • Investor
  • Rochester, NY
Replied

I did it all myself using (I think) a NYS website. A few weeks after I completed the work on their website, I got some mailings from several companies telling me that I had to advertise the new LLC in several business journals (or something like that.) My research showed that that was true. So, I hired one of those companies to handle the advertising. Then a few weeks later they mailed me the receipts, and copies of the advertising, and then I got something from the state telling me the LLC was formed and legal. (Something like that. It was about two years ago and some of the memories are fuzzy. But I know I didn't hire a lawyer. I have opened a checking account, a credit card, bought a property and borrowed money (the mortgage) with that LLC.)

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Al Tulone
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5
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Al Tulone
Replied
Originally posted by @Carini Rochester:

I did it all myself using (I think) a NYS website. A few weeks after I completed the work on their website, I got some mailings from several companies telling me that I had to advertise the new LLC in several business journals (or something like that.) My research showed that that was true. So, I hired one of those companies to handle the advertising. Then a few weeks later they mailed me the receipts, and copies of the advertising, and then I got something from the state telling me the LLC was formed and legal. (Something like that. It was about two years ago and some of the memories are fuzzy. But I know I didn't hire a lawyer. I have opened a checking account, a credit card, bought a property and borrowed money (the mortgage) with that LLC.)

Yes I learned about having to advertise for 6 weeks and they want to charge $375 sounds pricey, but I'm sure worth it.

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User Stats

476
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Carini Rochester
  • Investor
  • Rochester, NY
295
Votes |
476
Posts
Carini Rochester
  • Investor
  • Rochester, NY
Replied

I pulled out my records. NYS, Dept. of State charged me $210.00. The company that took care of the publishing was Legal Publishing. They charged $330.00.

The other step is to get an EIN. You do that at IRS.gov.

You also need an operating agreement. I downloaded a boilerplate and filled in the blanks.

This was in 2018.