Forming a limited liability company (LLC) lets you separate your personal assets from your professional liability and can give you peace of mind as you get your business off the ground. But between filling out the necessary paperwork and getting things established as a new company, it’s normal for questions to pop up. And one of the most common questions New York business law attorneys are asked is whether business licenses are needed to form an LLC. Here’s what you need to know.

new york business license

Licenses Usually Aren’t Required

New York does not require business owners forming an LLC to have a business license in place before they register their LLCs or before they open their doors. This is good news for business owners operating on a tight budget. It’s one less expense you’ll need to cover when you’re already paying to establish an LLC. 

That said, there are times when you may need a license to operate in the state. It all depends on the type of business you’re running and the requirements your industry’s regulators place on businesses like yours.

Why You May Need a License

If you work in a more regulated industry, you may be required to have one or more types of business licenses in place before you can open your doors. For example, restaurant owners may need a food permit before they can serve customers. Cosmetologists, real estate brokers, and other professionals may need a license to show that they’re in compliance with state regulations. Basically, if you’re providing a service in a regulated industry or are selling physical goods to people, you’ll likely need a license. 

If you’re not sure if a business license is worth pursuing, speak with a New York business law attorney. They’ll be able to help you decide which, if any, licenses are required and which can help you set your business up for success as soon as you open your doors.

How to Get a Business License

The exact process for gaining a business license will depend on the type of license you’re applying for. But typically, you’ll need to fill out some basic information and an application with the appropriate licensing agency in New York. Then, you’ll need to complete any additional forms required and pay the licensing fee or fees depending on your business’s needs. Those fees will vary depending on the license you’re pursuing. 

You Can Register Your LLC First

If you’re worried about protecting yourself from liability from the very beginning, you can always register your business as an LLC before pursuing business licenses if you need them. This way, your business will be set up correctly and you’ll have extra time to figure out which licenses you need and how to apply for those licenses while your LLC registration is processed by the state.

Gold Law Firm Is Here to Help

Registering a business as an LLC, whether you need a business license or not, is a great way to protect your personal assets in the event that your business is struggling. But forming an LLC isn’t always a simple process. Working with an experienced New York business law attorney can take the stress out of registering. At Gold Law Firm, we’re here to help you get your business up and running. Contact us today to schedule a consultation.