Limited Liability PartnershipUnited States · New York
What it takes to form, own and run a limited liability partnership in United States · New York, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
An LLC or LLP treated as a partnership for federal income tax purposes is treated as a partnership for New York tax purposes.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Limited Liability Partnership.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local company secretary
- Does not apply
- A local registered agent
- Not required
Quote
a designation of the secretary of state as agent of the partnership without limited partners upon whom process against it may be served
Each year, at the registry
- Annual registry fee
- USD 20 (about €17)
Quote
must file an LLP Statement within sixty days prior to the fifth anniversary of the effective date of their registration
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Limited Liability Partnership are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Limited Liability Partnership.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
A registered LLP treated as a partnership for federal income tax is treated as a partnership for New York tax: income passes through to the partners.
Quote
An LLC or LLP treated as a partnership for federal income tax purposes is treated as a partnership for New York tax purposes.
Special regimes that may apply
- Qualified opportunity zones free zone
Taxpayers with eligible gains who invest them in a Qualified Opportunity Fund holding property in a designated zone 26 U.S.C. § 1400Z-1 (designation) and § 1400Z-2 (deferral and exclusion), enacted by the Tax Cuts and Jobs Act of 2017, Public Law 115-97
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in United States
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Withdrawal of the registration by filing a Certificate of Withdrawal with the Department of State under Partnership Law section 121-1500(f); the registered LLP stays active on the Department's records until it files one.
Quote
The registration of a RLLP may be withdrawn by filing a Certificate of Withdrawal pursuant to Section 121-1500(f) of the Partnership Law.
- Statutory fee
- USD 60 (about €52)
Quote
DOMESTIC Registration 200 Publication 50 Withdrawal 60
Every business in United States · New York
Sales and consumption tax
- The tax
- Sales tax (state and local)
Quote
you can elect to deduct state and local general sales taxes
- Standard rate
- Set by the states or provinces
There is no national VAT or sales tax; rates are set by each state and locality.
Quote
you can elect to deduct state and local general sales taxes
- Registration threshold
- Not in our records
- A foreign company
- See the note
Sales tax is administered by state and local authorities, not the federal government, so there is no national registration rule to record.
- Tax authority
- Internal Revenue Service (IRS) at federal level; sales tax is administered by state and local authorities
Portals and registers
- Business registerNone — state-level business registries; no single national registry
- Tax authorityInternal Revenue Service (IRS)
- Tax treatiesUS Department of the Treasury - Tax Treaties
Payment and banking services
6 services name United States on their own list: Paysera, Airwallex, Stripe, Revolut, Brex, Mercury. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Liability Partnership
- ISO 20275 code
- XIZISecondary GLEIF, Entity Legal Forms code list