Last Updated: May 10, 2024, 1:55 pm by TRUiC Team

New York LLC Biennial Statement

Once you have formed your New York LLC, you must stay on top of your state’s filing deadlines (biennial statement) in order to stay in good standing and avoid unnecessary fines or penalties.

This article answers the following questions for a New York LLC:

  1. What is a biennial report?
  2. How do I file a biennial statement?
  3. Should I use a registered agent service?

What Is a Biennial Statement?

In New York, a biennial statement (also known as a biennial report) is a regular filing that your limited liability company must complete every two years to update your business information, including:

  • Service of process name and address
  • Principal address

The purpose of this report is to keep your business records up to date with the State of New York. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC state taxes.

Ready to form a New York LLC? Read our top LLC services review to find the right formation service for you.

How Do I File a Biennial Statement?

You can file your New York LLC biennial statement through the Department of State website. You must input your business name and DOS ID number in order to file, which you can find using the business database search.

File Your New York Biennial Statement

File Online With the New York e-Statement Filing System

File Online

Fee: $9

Due Date: New York LLC biennial statements are due every second year by the end of your LLC’s anniversary month (i.e., the month when you initially registered your LLC with the state).

Late Filings: Any biennial statement received after the due date will result in your LLC losing its “good standing” status with the state. Further failure to file a biennial statement could result in the dissolution of your New York LLC.

Should I Use a Registered Agent Service?

A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:

  1. Avoid late filing penalties: The Department of State can dissolve a New York LLC if it does not file a biennial statement. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.
  2. Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
  3. Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.

Learn more about getting a New York registered agent by reading our guide.

How to Start an LLC Tip Icon

Recommended: Northwest provides free registered agent service for the first year as part of their LLC packages.