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Highlights of New York LLC Companies

Not usually recognized as a tax haven jurisdiction, New York is ideal for forming LLCs for holding or trading. Since the Limited Liability Company (LLC) is taxed as partnership then, as long as there is no trading in the US or source of income in the US or member resident in the US for tax purposes, the company can be structured to avoid charge to US taxation.

A New York LLC takes 2 to 3 weeks to be formed.

After the formation of a New York LLC, the New York State Law requires to publish a “Notice of Publication” within two (2) authorized newspapers in the county of formation. This notice should be published for six consecutive weeks and cost varies according to the county where the business is located.