I'm a software developer that (finally) has a working prototype of an app that I've been moonlighting with. I'm about 4 months out from having it 'market ready' and would like to form a 'barebones LLC' for a number of reasons:
- I need to start reaching out to prospective clients to see if I can use them to trial a "soft release" of the app and incorporate their feedback into the final v1 product launch
- I'd like to associate some intellectual property with a business, not myself personally
- Soon I'll need to start signing contracts and would like the protection of an LLC
Now 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 initial barebones formation (which consists of just myself, no partners/members, etc.). If you disagree, please give me the reasons! Otherwise, my question is written from the perspective of someone who wishes to execute the LLC formation by himself/herself ("himerself").
From what I can tell, formation in NYS (not NY City or any of the 5 boroughs) is as simple as:
- Writing an Articles of Organization, which I can bum from free/open source online templates and tweak as needed; then
- Filing these Articles with NYS Department of Corporations, and pay the $200 fee; then
- Announce the formation in 2 newspaper publications in the county of formation
Here are my concerns:
- How do I determine which newspapers qualify as publications (and hence satisfy that criterium)? Does the DoC maintain a list somewhere?
- Any other important formation steps I'm missing? For instance, do I need to file financial statements with the NYS Dept of Taxation/Finance and/or IRS as soon as the LLC is formed? How about obtaining a FEIN? Etc.