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Submitted by UCS on August 14, 2017
If you recently formed or qualified an LLC, LLP or PLLC in the state of New York you probably know that there is a post filing requirement to notify the public. This notification is done by purchasing advertising space in two newspapers where the principle office is located. Once the publication is completed, an affidavit is filed with the New York Department of State. This process must all be completed within 120 days of formation/qualification. If you didn’t know this…SURPRISE!
Because there is no uniformity with any of the newspapers or counties, the cost for publication will vary from one county to the next. The cost for publication can be expensive depending on the county. Here’s the kicker: You don’t select the newspapers, the county clerk does. Neither the service company nor you have control over this. For many years this requirement has elicited a myriad of emotions from business owners of which none have included happiness.
Some of the most commonly asked questions asked when it is time to fulfill the publication requirement are:
Ok, no one has ever asked the last question. But UCS understands. In today’s economy, we get that you want to be smart about how you spend your money. You want to go with the best and most cost-effective services available. More importantly, you want value for what you are paying for, right? Someone once said “Value is more expensive than price”. We know that there are hundreds of service companies offering package deals to handle your publication. The cost of these packages can vary greatly even when it is for same county! Make sure that whichever vendor you select is processing the publication under compliance with state law. Attempting to save a couple of bucks by trying to work around the requirement or simply ignoring it could lead to serious problems for your company in the long run. According to the state, a company that fails to fulfill the requirement is subject to suspension from doing business or possibly worse.
Call UCS today to discuss how we can structure a publication package that is affordable and done correctly. We will monitor the process from start to finish while keeping the costs down.
Disclaimer: All content provided on this blog is for informational purposes only. This site is meant to be a general resource and is NOT legal advice. You CANNOT rely on it as a substitute for legal counsel from your attorney. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.
This policy is subject to change at any time.
Written by Our Team
United Corporate Services (“UCS”) provides registered agent services in all 50 states and U.S. territories as well as in select international jurisdictions. With 50 plus years of experience in the legal services industry, UCS partners you with a highly skilled staff of Client Service Representatives who can help with navigating through the complexities of forming and maintaining companies for yourself or your client.
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