What is New York’s publication requirement? The LLC publication requirement states that a newly formed LLC must publish in two local newspapers for six consecutive weeks. The county clerk must assign the newspapers in the county in which the LLC maintains its office. Affidavits of publication, issued by the newspapers upon completion of the publication period, must then be filed with the NYS Department of State within one hundred and twenty (120) days from the date the LLC was initially filed. Once this has been completed, the publication requirement has been satisfied, and the LLC complies with the statute.
What is an Annual Report? Annual reports are forms submitted to government agencies for registration purposes. These forms help keep records of corporate activity and any changes up to date with the state the entity is registered in. Most states require these reports to be filed yearly (NY requires filing every other year) on the company’s incorporation anniversary or shortly thereafter.
Heading into 2020, the last thing most of us expected was a worldwide pandemic. Now that we are in the midst of one, business, as usual, can seem far away. There are, however, things that can be done to counter the uncertainty and mitigate the disruption.
On the scale of pandemics, the novel coronavirus, commonly referred to as COVID-19, is unprecedented and ranks among one of the worst in human history, not only in terms of its virulence but in economic destruction as well.
While scientists hastily work toward developing a vaccine and antiviral drugs to combat COVID-19, world leaders in the countries afflicted by the virus have imposed strict governmental lockdowns, barred travel, closed courts, blocked tourism and employed social distancing measures in an effort to stop the rapid spread of the pathogen.
When filing an entity – either a business or not-for-profit corporation or a limited liability company – the first thought is often, “where should I file?” The most obvious answer is, “where the entity is located”. While this is a valid answer, it may just be a starting place.Continue reading “OUT OF STATE QUALIFICATIONS”