Does New York Allow LLC Domestication?

Domestication of LLCs is not allowed in New York State. The process by which an LLC created in one state might become an LLC in another is known as domestication. The term “entity conversion” also applies to this procedure. Since there are no provisions for entity conversion under the state of New York’s LLC statute, if you want to establish an LLC there, you must create a brand-new LLC there.

You can register your LLC as a foreign LLC if it was created in another state but you wish to operate it in New York. The term “foreign qualification” refers to this procedure. You must submit a request for authority along with a fee to the New York Department of State. You can start doing business in New York once your international LLC has been registered there.

A professional limited liability company is a PLLC. It is a particular kind of LLC that is created for experts like doctors, attorneys, and accountants. The procedure for establishing a PLLC in New York is comparable to that of establishing a standard LLC. The only distinction is that a declaration stating that the LLC is a PLLC must be included in your articles of organization.

How soon you can draft and submit your articles of organization and how long it takes the state to review your application are two factors that affect how long it takes to establish a PLLC in New York. Generally speaking, forming a PLLC in New York can take a few days to a few weeks.

You must file articles of dissolution with the New York Department of State in order to dissolve your LLC there. Articles of dissolution can be submitted in person, via mail, or online. Articles of dissolution must be filed for a charge of $60.

When two or more businesses unite, a certificate of merger is a legal document that must be submitted to the state. You must submit a certificate of merger to the New York Department of State in order to merge your LLC with another LLC or a corporation in New York. The names of the merging entities, the name of the surviving business, the terms of the merger, and the merger’s effective date must all be included in the certificate of merger.

You must submit an amendment to the office of the New York County Clerk if you want to modify the name of your DBA (doing business as) in New York. Your new DBA name, the date the change will go into effect, and your present DBA name should all be included in the modification. The cost to file an update to a DBA name change varies by jurisdiction.