united-states new-york-state corporate-law
Checklist of filings and procedures for ongoing operation of a &#39;barebones&#39; LLC in NY?
<p><strong>Please note:</strong> I fully understand that using a lawyer or a legal service is highly advised here. Duly noted! But, I think I'm more than capable of handling this, and if you strongly disagree, please provide adequate reasoning!</p>

<p>I want to create a member-managed NY State LLC where I will be the only member (initially). Initially (most of the first year of operation), this will be a "barebones" LLC with less than $1,000 in the sole checking account. There will be very few transactions each month (probably less than 5). It will essentially be a "placeholder" company that provides me with certain protections and capabilities until I am actually ready to launch a product and start conducting "normal" business.</p>

<p>I understand the process and steps needed to <em>form</em> the LLC, but am a bit fuzzy on what I need to do from a compliance/taxation perspective with respect to the daily/quarterly/annual operation of the LLC.</p>

<p>Let's make it simple and assert that my industry doesn't require any special permits, licenses, etc. to operate. I would assume I need to file quarterly financial reports with the NYS Dept Taxation/Finance as well as the IRS. I'm also aware that I'll need to file a <strong>Biennial Statement</strong> every 2 years. <strong>Anything else?!?</strong> I'm basically looking to comply 100% with all state- and federal- agencies (which I <em>believe</em> will should just be tax departments and the NYS DoC), and want to make sure that I'm not overlooking anything here.</p>

<p><strong>Note:</strong> Yes, I'll use an accountant for all quarterly/annual financial filings. But any other documents/filings/procedures I'd like to tackle myself without using an expensive lawyer, especially since this business will essentially be de minimis/barebones and solely exist on paper for the first 8 - 12 months of operations.</p>

<p><a href="http://www.bizfilings.com/new-york/ongoing-llc-requirements.aspx" rel="nofollow">This link looks like a good resource</a>. It lists the following ongoing maintenance items.</p>

<blockquote>
  <ul>
  <li>Biennial report</li>
  <li>Taxes</li>
  <li>Federal tax identification number (EIN)</li>
  </ul>
</blockquote>

<p>That page contains nested links to more and more detailed information regarding taxes.</p>

<p>I think you can successfully do what you describe between by relying on a reference work (like the site I linked you to) and a CPA.</p>

<p>Also, see comments. </p>
