New York Registered Agent: LLC Guide
Several special regulations must be followed while incorporating an LLC in New York, especially in relation to Registered Agents and publication obligations. Here's a little explanation to get you started:
What is a New York Registered Agent?
A Registered Agent is a person or company who accepts legal documents on behalf of your LLC if your business is sued.
Who can be a Registered Agent in New York?
In New York, the Registered Agent can be:
- A person, such as the owner of the LLC.
- A professional service that handles Registered Agent duties.
According to New York law, the Secretary of State automatically serves as the Registered Agent for all LLCs. This means that every LLC must list the Secretary of State as its Registered Agent.
You can also list an additional Registered Agent in New York if you wish.
Need to save time?
Consider hiring a professional to set up your LLC: Northwest Registered Agent offers LLC formation services starting at $39 plus the state fee.
(Find out why Northwest is the top choice for LLC formation)
Why hire an additional Registered Agent?
Although the Secretary of State serves as the Registered Agent, managing paperwork and privacy may benefit from having a second Registered Agent.
What is the New York publication requirement?
New York requires LLCs to publish ads in newspapers within 120 days of forming the LLC. These ads must appear in a newspaper in the county where your LLCâs'address is located.
If your LLC's address is in New York City, the publication can be very expensive, potentially costing up to $1,500.
How can you save on publication costs?
By registering your LLC with an address in a less costly county, you can cut costs.
For instance, you can save a good chunk of money on publication fees by providing an address in a county like Albanyâup to $1,000 or more.
How to use a publication strategy:
If you need assistance with publication, think about hiring a Registered Agent service with a county address that is economical. This will allow you to save money and fulfill the publication requirement.
Additionally, using such a service helps keep your own address off public records, reducing junk mail and maintaining privacy.
After fulfilling the publication requirements, you can change your address if needed.
The Registered Agent service will help with privacy and cost-saving, but youâll need to handle the publication yourself.
Exclusive Offer!
Hire a Northwest Registered Agent to form your LLC for just $39 plus the state fee and receive a free year of Registered Agent service.
(Why is Northwest the best? Read our Northwest Registered Agent review)
How much does a Registered Agent cost in New York?
If you or someone you know acts as your Registered Agent, thereâs no cost.
Hiring a Registered Agent Service in New York usually costs between $100 and $300 per year.
How do I find Registered Agent Services in New York?
Instead of using state-provided lists, search online for âRegistered Agent in New York,â read reviews, and call different services. Weâve reviewed several top options for you.
What is the best Registered Agent Service in New York?
Some top Registered Agent Services in New York are:
- [List of top Registered Agent Services]
These services are known for their reliability and features. For more details, check out our guide on the best Registered Agent Services in New York.
Is LegalZoom a Good New York Registered Agent Service?
LegalZoom is popular but may not be the best choice. It costs $299 per year and lacks address privacy. Alternatives like [recommended services] may offer better value and privacy. If you want to switch from LegalZoom, you can file a Change of a Registered Agent form with the New York Secretary of State.
What is the difference between a Registered Agent and an LLC Member?
A Registered Agent accepts legal documents for your LLC, while an LLC Member is an owner. Being a Registered Agent doesnât make someone an LLC Member. However, one person can be both an LLC Member and a Registered Agent.
Is a Registered Agent a Member of an LLC?
No, a Registered Agent does not become an LLC Member. They handle legal mail and forward it to LLC Members but donât access other business information.
Can a family member be a Registered Agent in New York?
Yes, a family member can be your Registered Agent if they have a physical address in New York and are available during normal business hours.
Is a New York Registered Agent liable?
No, a Registered Agent is not liable for your LLCâs lawsuits or debts. They only accept legal documents for the LLC, which means they are not sued personally.
Can I be my own Registered Agent in New York?
Yes, you can be your own Registered Agent if you are a New York resident with a physical street address.
How do I choose a Registered Agent in New York?
Choosing a Registered Agent depends on your needs:
- **Be Your Own Agent:** If youâre okay with your address being public and meet the requirements.
- **Hire a Service:** If you want privacy, donât have a New York address, or need additional services.
Some services offer added privacy and convenience. They can also assist with other services like filing reports.