I just recently posted an article comparing the steep price difference between registering an LLC versus an S-Corp and how LLC’s are subject to NY’s $2000 extortion publication requirement.
A group of techies is launching an effort today to get the state to eliminate the law compelling new limited liability corporations to publish notices announcing their formation.
The requirement costs fledgling businesses up to $2,000.New York law requires every new LLC to announce its existence in two print publications such as Crain’s for six consecutive weeks, within 120 days of formation.
Let’s hope this goes through.
(Thanks go to Steve Caccavo of Creative Business Solutions for pointing me to the article.)
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