Please note: 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!
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.
I understand the process and steps needed to form 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.
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 Biennial Statement every 2 years. Anything else?!? I'm basically looking to comply 100% with all state- and federal- agencies (which I believe will should just be tax departments and the NYS DoC), and want to make sure that I'm not overlooking anything here.
Note: 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.