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Updated about 10 years ago on . Most recent reply presented by

User Stats

41
Posts
10
Votes
Kim Vandermark
  • Investor
  • Henderson NV, USA
10
Votes |
41
Posts

attorney needed when forming an LLC in NY?

Kim Vandermark
  • Investor
  • Henderson NV, USA
Posted

Hi all. I'm wondering if anyone has experience using an online legal service to form an LLC in NY? My husband, son and I are just getting started in the REI world and would like to form an LLC. We met with an attorney this week who will charge $1000 for his part, plus we will have other fees (publication, filing fees, name search, delivery of paperwork to Albany, etc). While I respect the expertise and knowledge that professionals bring to their field, this is too much money for us as we are starting out; however, I don't want to be short-sighted and end up unprotected should we be sued down the road. Do the online sites offer comprehensive documents that protect assets and the people involved?

A large part of the expense is NY's publication requirement, so that makes me think that maybe we should file in a different state. However, if we plan to purchase property in NY (but not only NY), will we have to pay these fees once we buy a house here? 

 I would be grateful for any thoughts, experiences or advise. 

  • Kim Vandermark
  • Most Popular Reply

    User Stats

    46
    Posts
    25
    Votes
    Paul Mendel
    • Albany, NY
    25
    Votes |
    46
    Posts
    Paul Mendel
    • Albany, NY
    Replied

    You do NOT need an attorney to form an LLC, Its one of the biggest waste of moneys going. Its barley a 2 page document, that you can print and fill out, and bring to the dept of state building if your in albany, or You can even do it online now. It costs about 200$, and then you will have to do the news paper adds aswell..

    http://www.dos.ny.gov/corps/

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