LLC, Business License, Incorporation
New York remains one of our most popular states for incorporation and LLC formation. With the third largest population in the United States, New York has a thriving business community. Some of the largest U.S. companies, including Citigroup, Verizon Communications, and Merrill Lynch, maintain their headquarters in New York. This state also services many small businesses, particularly in major industries like finance and communication.
The New York Department of State regulates many issues related to business incorporation in New York. The government agency, for instance, requires choosing a unique name designating your organization as a corporation. The Company Corporation will help you choose a name that has not already been selected by another business. We can also help you confirm that your business follows other regulations to expedite the incorporation process, allowing you to begin operating in New York as soon as possible.
Certification of Incorporation New York
Filing your articles of incorporation is one of the most important steps in the New York incorporation process. Your business's certificate of incorporation will include several key pieces of information. The Company Corporation can be sure each document is filed in a timely manner, and that they conform to the predetermined formats expected by the Department of State. Your certificate of incorporation must contain several key pieces of information, including:
- The corporation's name
- Your organization's purpose
- County location
- The amount of stock the organization has made available to investors
- Mailing address or registered agent office
Many states ask for the names of your business's directors and officers. New York State, however, does not require this information.
Organizations filing their certifications of incorporation can expect to wait 15 to 20 days before getting a response from the Department of State. An additional fee can decrease the delay to one or two days.
New York Incorporation FAQs
How to incorporate in New York?
The Company Corporation will complete several steps to help facilitate your organization's New York incorporation. In most cases, the steps are as follows:
- Choose a name that follows New York's regulations and has not been registered by another organization.
- File for your certificate of incorporation with the New York Department of State.
- Hold an organizational meeting to create bylaws.
- Request a Federal Employer Identification Number from the IRS.
- Apply for any business licenses or permits that you might need to operate in New York.
- Submit your organization's first report.
- Submit biennial reports to the Department of State.
- Pay incorporation fees. The fees in New York State vary depending on the specific type of corporation that you create. To form a professional service domestic corporation, for instance, you must pay a $125 filing fee plus a .05 percent tax for shares. The minimum tax on shares is $10 for a total minimum cost of $135.
Why incorporate in New York?
There are numerous reasons to incorporate in New York. Many businesses and nonprofit organizations choose to incorporate in New York because it affords easy access to a large population of consumers.
Many organizations also want to benefit from close contact with other businesses. A company that incorporates in New York is perceived as being local and thus may has better chance of forming partnerships with other organizations that excel in their industry. This often helps companies in computer science, medical science, communications, and other fields on the cutting edge of technology.
The Company Corporation's experienced professionals understand the New York incorporation process, allowing you to set up your business quickly without spending more money than necessary. Your package will include any incorporation fees required by the state, simplifying the process of meeting industry regulations so you can start running your business as soon as possible with a modicum of paperwork-induced headaches.