The Limited Liability Company Law and Partnership Law include provisions regarding the publication required upon the formation or authorization of domestic and foreign limited liability companies, limited partnerships and limited liability partnerships (hereinafter referred to as “limited liability entities”). The applicable statutory provisions should be consulted prior to publishing.
A limited liability company that is a theatrical production company is exempt from the publication requirements provided the words “limited liability company” appear in its name. Also, a limited partnership that is a theatrical production company is exempt from the publication requirements provided the words “limited partnership” appear in its name. See Section 23.03 of the Arts and Cultural Affairs Law.
Limited liability entities that are formed or authorized to do business in New York after June 1, 2006, which fail to comply with the publication requirements within 120 days after their formation or qualification will have their authority to carry on, conduct or transact any business suspended.
Note that at any time following the suspension of a limited liability entity’s authority to carry on, conduct or transact business, the limited liability entity may file the certificate of publication with the affidavits of publication of the newspapers annexed thereto, at which time the suspension of such limited liability entity’s authority to carry on, conduct or transact business shall be annulled.
