Does having an LLC in New York require paying an annual fee ?

Asked over 1 year ago - Pomona, NY

I'm basically in the process of starting an online webstore and want to know if having an llc would cost an annual fee to keep it.

I understand with an LLC it can protect someone from being sued directly but I'm weighing out to see if it is worth doing and will also cost money to keep it going.

Thanks

Attorney answers (2)

  1. Robert K. Erlanger

    Contributor Level 13

    Answered . You should really consult with a corporate attorney re: the pluses and minuses of the different corporate forms in New York. See following link for ongoing fee requirements.

  2. Eric Edward Rothstein

    Contributor Level 20

    Answered . I believe there is a small biannual fee.

    I am a former federal and State prosecutor and have been doing criminal defense work for over 16 years. I was... more

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