3 ms·
It doesn't matter. In order to do business in NY you will have to register the foreign entity and still publish, so you won't save anything.
by cylinder 13y ago
It doesn't matter. In order to do business in NY you will have to register the foreign entity and still publish, so you won't save anything.
- uncoder0 13y agoAre you sure? The linked page is thin on information but it does list this as one of the cons: Companies may start LLCs elsewhere, reducing revenue for New York state.
- nehalm 13y agoIf you set up an LLC elsewhere and want to qualify to do business in New York, you still have to publish notices (http://www.dos.ny.gov/corps/llcfaq.asp#pubreqreply http://www.dos.ny.gov/corps/llcfaq.asp#pubreqreply). If a company incorporates as an LLC in another state, New York loses out on the formation filing fees. Also, if the company also chooses to set up its office elsewhere, New York would lose out on additional tax revenue.