Comprehensive PLLC checklist - Formation Services in New York

Welcome to MJ Morley Law, your trusted partner for Professional Limited Liability Company (PLLC) formation in New York. We provide comprehensive services designed to simplify the process and ensure compliance with New York State laws for licensed professionals.

The below PLLC formation checklist is everything our business lawyer will do to help you form your PLLC!

Why Choose a PLLC in New York?

A Professional Limited Liability Company (PLLC) offers significant benefits, including liability protection, tax advantages, and a formal business structure tailored for licensed professionals. PLLCs in New York must be formed and operated according to specific regulations, which our experienced team can help navigate.

Our PLLC Formation Services

Initial Consultation

  • Assess Your Needs. Determine if a PLLC is the right structure for your business.

  • Understand Your Professional Requirements. Tailor our services to fit the nature of your profession and business.

Name Reservation and Verification

  • Assist with Name Reservation. Help you reserve your PLLC name.

  • Compliance Check. Ensure the name complies with New York State regulations and is unique.

Obtaining a Certificate of Authority

  • Submission Assistance. Draft and submit a signed copy of the Articles of Organization to the New York State Education Department.

  • Address. The New York State Education Department, Office of the Professions, P.C. Unit, 89 Washington Avenue, 4th Floor, EBA, Albany, NY 12234.

  • Certificate. Receive a Certificate of Authority authorizing the PLLC to practice the stated profession.

Preparation and Filing of Articles of Organization

  • Preparation. Prepare the Articles of Organization.

  • Filing. File with the New York State Department of State (DOS) with the Certificate of Authority attached.

  • Filing Fee. $200.

EIN Application

  • Obtain EIN. Get an Employer Identification Number (EIN) from the IRS.

  • Application Process. Apply online or by mailing/faxing IRS Form SS-4.

  • Purpose. Necessary for opening a business bank account and applying for business licenses.

Adopting a Written Operating Agreement

  • Draft Agreement. Create a written Operating Agreement within 90 days of filing the Articles of Organization.

  • Content. Outline the management structure and member relationships.

  • Internal Document. Not filed with the DOS.

Complying with the Publication Requirement

  • Publish Notice. Publish a copy of the Articles of Organization or a notice in two newspapers assigned by the county clerk.

  • Duration. Six consecutive weeks.

  • Submission. Submit affidavits from the publishers and a Certificate of Publication to the Department of State within 120 days.

  • Certificate of Publication Form. Filing fee of $50.

Ongoing Compliance and Advisory Services

  • Regulation Compliance. Provide guidance on maintaining compliance with New York State regulations.

  • Continuous Support. Offer support for any legal or operational issues that may arise.

FAQs About PLLC Formation in New York

Do I Need a PLLC in New York?

A PLLC is suitable for licensed professionals looking to limit personal liability and establish a formal business entity.

How Much Does It Cost to Form a PLLC in New York?

Costs include filing fees, publication fees, and professional service charges. We provide a detailed breakdown during our initial consultation.

What is the Difference Between a PC and a PLLC in New York?

Both serve licensed professionals but differ in formation, tax treatment, and management structure. We can help you decide which is better suited for your needs.

How Long Does It Take to Form a PLLC in New York?

Typically, the process takes several weeks to a few months, depending on the completion of all required steps.

Contact Us

Ready to form your PLLC in New York? Contact MJ Morley Law today for a personalized consultation. Let us help you navigate the complexities of PLLC formation and set your professional practice on the path to success.