Posted by Frank Chin on September 09, 2003 at 16:23:46:
I got your e-mail but was sidetracked with implementing a new tax, the “Waste Tire Management Fee” at my business that would cost every New Yorker $2.50 for every tire they buy starting this Friday 9-12-03. This is on top of the higher sales tax of 8.625% imposed this year.
Thanks, Mr. Pataki.
As to the Law firm, their WEBsite is
and the firm name is “Speigal & Utera”
While they are located on John Street, downtown Manhattan, they take information and payment by credit card over the phone, and can deliver the stuff to your house with a delivery charge. I picked it up myself as I had the time.
Rates quoted is for a two week turnaround, and they charge extra if you need it quicker than that. I had them do a “C Corp” for me, and they charged me $164.95 as advertised. Keep in mind this INCLUDES the state filing fee of $160.00, the Corporate book, and Corporate Seal, as well as the Writeup of the initial Corporate meeting. How many lawyer want to make $4.95 per incorporation, doing all of the above.
But they charge additional for:
-Completing a State Filing Form for another $50.00 (I’ll have to look up what form it is)
-S Corp Selection if you need it.
-Getting the EIN number.
Whatever the total was, it beat rates quoted of $600.00 to $1,500.00 for local attornies. Some of them told me I have to pay extra for the incorporation book, and a friend of mine had to go and get a Corporate Seal himself, after paying over $1,000.00.
They are currently advertising NYS LLC setup for $364.00. You have to check with them what the turnaround time is, and what it includes, and any other charges.
There’a a local firm called “We the People”, not a law firm, but one that engages in filling out paper work (I forget the term use for such businesses), charges $399.00 for doing a LLC setup. They have an office down the street form me in Bayside. According to their ads, they are much cheaper than Law firms.
So $364.00 price from a real Law firm for LLC setup is not bad in comparison.