Having your own business is what almost everybody wants if they ever have enough money. They strive to save all for something special that they have always dreamed to own ever since they have graduated from university. Actually, you can start your own business even if you are still in school. As long as you have the money for it, then go. No one is stopping you from achieving your dreams.
What everybody knows is choosing which business structure they are going to have. If they are alone, then they can choose sole proprietorship. If they have a partner, then they can choose a partnership. A corporation is when there is more than one of them who owns the business. What they don’t know is that there is a business structure hybrid that has the characteristics of all three business structures that were mentioned. It’s called LLC which stands for Limited Liability Company. This is what small businesses choose because of its flexible characteristic and that the business is not taxed, but the owners are depending on their individual tax return which is a lot cheaper than paying for two. There are states that require LCCs to have their business published in the newspaper. One such state is New York. If you don’t have any idea regarding it, you can ask for Windsor’s help by clicking at their website: https://windsorcorporateservices.com/product/publication-order-form/ for more information.
Why does some state require notifying the public by publishing on newspapers?
One of the reasons is because newspapers have been the number one source of information and news before the internet became the norm. But because technology is catching up faster than anyone could have imagined, newspapers have been pushed at the back of the chain and are not what they used to be. Because of this, some states start requiring newly formed LCCs to publish about their business on local newspapers. This is one obstacle that soon to be owners have to face before they can start managing their business.
The first steps of having your LCC published in the newspaper
You need to find two newspapers where your LCC office is located. One should be a daily newspaper while the other one is weekly. Your notice of formation must obtain the name of your business, where it is located and the principal county of business. you will need to get an Affidavit of Publication from the two newspapers and attach it to a Certificate of Publication which will be filed with the New York Department of State.
What happens when you fail to do so?
Your business transactions in New York will be denied and there’s a big chance that you will lose your right to transact any future businesses in New York. You wouldn’t want that to happen, will you? New York is a big city with tons of business opportunities. You don’t want to let go of that opportunity.
Why choose Windsor?
They are one of the most reliable and efficient professionals who offer these kinds of services. They make sure that they get the work done without any hitch and they also look into every possibility that may happen while on the process of finishing your publication for you. they are fast and they know their way around so you can trust them in handling all the processes for you.
Choosing and looking for someone who has proved that they only provide high-quality service is very hard. What you can do is give Windsor a chance to prove their selves to you and surely, you won’t regret hiring them. Tell your friends after so that they can ask for their help anytime once they are sure to open up an LCC like you!