Summary
Starting an LLC in New York City involves filing Articles of Organization ($200), fulfilling a publication requirement ($1,000-$2,000), and creating an operating agreement. For leasing cars, expect annual costs per vehicle: insurance ($1,500-$3,000), maintenance ($500-$1,200), licensing ($26-$140), marketing ($500-$5,000 monthly), and legal fees ($200-$1,000). Total initial costs range from $1,200 to $2,200, with annual costs per vehicle between $2,726 and $9,340.Full Conversation
I want to start an LLC in NYC. First I want to be leasing cars out to businesses and individuals and then I want to eventually start a bar
Starting an LLC in New York comes with specific requirements.
- LLC Formation: File Articles of Organization with the New York Department of State.
- Publication Requirement: Publish a notice in two newspapers for six consecutive weeks.
- Operating Agreement: Create an LLC Operating Agreement.
- Licenses and Permits: Obtain necessary business licenses and permits for car leasing and bar operations.
Would you like more details on any of these steps?
How long does all of t****s take and how much does each step cost?
Starting an LLC in NYC involves a few steps:
- LLC Formation: Filing Articles of Organization takes *-* weeks. Cost: $*.
- Publication Requirement: * consecutive weeks. Cost: $*,*-$*,*.
- Operating Agreement: Time varies. Cost: Free if self-prepared.
- Licenses and Permits: Time and cost vary by type.
Would you like more details on specific licenses and permits for car leasing and bar operations?
ONCE I HAVE MY LLC set up, what would my expenses be going all the way to having my car leased out by a business or individual
Once you have your LLC set up, here are some potential expenses for leasing out cars:
- Insurance: Commercial auto insurance. Cost: Varies.
- Maintenance: Regular upkeep and repairs. Cost: Varies.
- Licensing: Ve****cle registration and leasing permits. Cost: Varies.
- Marketing: Advertising your leasing services. Cost: Varies.
- Legal Fees: Drafting lease agreements. Cost: Varies.
Do you need more details on any specific expense?
Yes, give me a specific examples of the varied costs based on New York City
Here are some specific examples of varied costs in New York City for leasing out cars:
- Insurance: Commercial auto insurance can range from $*,* to $*,* annually per ve****cle.
- Maintenance: Regular upkeep might cost around $* to $*,* annually per ve****cle.
- Licensing: Ve****cle registration fees are about $* to $*, depending on the ve****cle.
- Marketing: Digital marketing can cost $* to $*,* monthly.
- Legal Fees: Drafting lease agreements could cost $* to $*,*.
Would you like more detailed information on any specific cost?
Totally all up
To summarize, here are the estimated costs for setting up your LLC and leasing out cars in New York City:
- LLC Formation: $*
- Publication Requirement: $*,* - $*,*
- Operating Agreement: Free if self-prepared
- Licenses and Permits: Varies by type
Once the LLC is set up, costs for leasing out cars include:
- Insurance: $*,* - $*,* annually per ve****cle
- Maintenance: $* - $*,* annually per ve****cle
- Licensing: $* - $* per ve****cle
- Marketing: $* - $*,* monthly
- Legal Fees: $* - $*,* for lease agreements
Would you like more information on any other aspect of starting your business?
total all the costs up
Here’s a quick breakdown of the total estimated costs for setting up your LLC and leasing cars:
Initial LLC Setup:
- LLC Formation: $*
- Publication Requirement: $*,* - $*,*
- Operating Agreement: Free if self-prepared
- Licenses and Permits: Varies
Annual Costs for Leasing Cars:
- Insurance (per ve****cle): $*,* - $*,*
- Maintenance (per ve****cle): $* - $*,*
- Licensing (per ve****cle): $* - $*
- Marketing: $* - $*,* monthly
- Legal Fees: $* - $*,*
Total Initial Costs:
- Minimum: $*,*
- Maximum: $*,*
Total Annual Costs (per ve****cle):
- Minimum: $*,*
- Maximum: $*,*
Would you like more details on any specific cost?
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