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New York Company Registration

New York LLC Formation

New York Corporation Formation (C-Corp or S-Corp)

New York is a state in the Northeastern U.S., known for New York City and towering Niagara Falls. NYC’s island of Manhattan is home to the Empire State Building, Times Square and Central Park. The state is bordered by New York and Pennsylvania to the South and Connecticut, Massachusetts, and Vermont to the East.

In 2019, the real GDP of New York was about $1.751 trillion. The GDP per capita of New York was $90,043 in 2019.

Finance, high technology, real estate, insurance, and health care all form the basis of New York City's economy. The city is also the nation's most important center for mass media, journalism, and publishing. Also, it is the country's preeminent arts center.

New York City and the surrounding New York metropolitan area dominate the economy of the state. Manhattan is the leading center of banking, finance, and communication in the United States and is the location of the New York Stock Exchange (NYSE) on Wall Street.

Benefits for offshore company in New York, USA

Benefits for New York company registration

  • Professional Growth & Development
  • The world's largest centers for finance
  • Tax Benefits
  • Large Professional Talent Pool
  • Competitive labor market

New York Company Formation

  New York LLC Formation NY Corporation Formation (C- Corp and S-Corp)
Corporate Tax Rate

The tax applies to business income, the effective tax rate depends on specific industry. For qualified manufacturing corporations, the tax rate is from 4.425%-8.85%. For small businesses, the tax rate is from 6.5%-8.85%. For financial corporations, the tax rate is 9%. For other taxpayers, a tax rate of 8.85% is applied.

Company Name

The LLCs’ name must contain the words “Limited Liability Company,” “LLC” or “L.L.C.”

The proposed name must be unique and available in New York.

The corporations’ name must contain the words "Corporation," "Incorporated," "Limited," "Company" or an abbreviation thereof.

The proposed name must be unique and available in New York.

Board of Directors

Minimum of one manager & member required for an LLC.

New York has no age and residency requirements for managers/members.

The members’ names and addresses are not required to be listed in the Articles of Organization while the managers’ information is required.

Minimum of one director & shareholder required for a corporation.

New York has no age and residency requirements for directors/shareholders.

The directors & shareholders’ names and addresses are not required to be listed in the Articles of Incorporation.

Other requirement

Biennial Report:

LLCs in New York are required to file a Biennial Report. The due time is by the end of registration anniversary month.

Registered agent:

New York Registered Agents are a person or company designated on public record to accept legal documents (service of process) and notifications from the New York Secretary of State's office on behalf of the corporate entity.

Employer Identification Number (EIN):

Your LLC must appoint a New York registered agent to receive documents in legal matters, including notice of lawsuit. Our reliable registered agent service fulfills this requirement.

Annual Report:

Corporations in New York are required to file a Biennial Report. The due time is by the end of registration anniversary month.

Stock:

In the Articles of Incorporation, corporations must list the authorized shares

Registered agent:

A New York registered agent is a resident, LLC, or corporation that maintains a physical address in New York and is willing to accept service of process and official mail on behalf of a business.

Employer Identification Number (EIN):

Your corporation must appoint a New York registered agent to receive documents in legal matters, including notice of lawsuit. Our reliable registered agent service fulfills this requirement.

New York Company Registration in 4 Simple Steps

Preparation

1. Preparation

Select basic Resident/Founder nationality information and other additional services that you want (if any).

Filling

2. Filling

Register or log in and fill in the company names and director/ shareholder(s) and fill in the billing address and special request (if any).

Payment

3. Payment

Choose your payment method (We accept payment by Credit/Debit Card, PayPal, or Wire Transfer).

Delivery

4. Delivery

You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in New York is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.

How much does it cost to start a business in New York, USA?

From

US$ 599 Service Fees
  • Done within 2 working days
  • 100% successful rate
  • Fast, easy & highest confidential
  • Dedicated support (24/7)
  • Just Order, We Do All For You
New York LLC Fees From US$ 599
New York Corporation Fees (C- Corp or S-Corp) From US$ 599

Recommended services

New York Company Formation with the main characteristics

Limited Liability Company (LLC)

General Information
Type of Business Entity Limited Liability Company (LLC)
Corporate Income Tax Yes - 8.85%
British Based Legal System No
Double Tax Treaty Access No
Incorporation Time Frame (Approx., days) 2 - 3 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted Yes
Standard Authorized Capital/Shares N/A
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings No
Local Directors / Shareholders No
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 599.00
Government fee & Service charged US$ 450.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 499.00
Government fee & Service charged US$ 450.00

Corporation (C-Corp or S-Corp)

General Information
Type of Business Entity Corporation (C-Corp or S-Corp)
Corporate Income Tax Yes - 8.85%
British Based Legal System No
Double Tax Treaty Access No
Incorporation Time Frame (Approx., days) 2 - 3 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted Yes
Standard Authorized Capital/Shares N/A
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings No
Local Directors / Shareholders No
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 599.00
Government fee & Service charged US$ 450.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 499.00
Government fee & Service charged US$ 450.00

Scope of Services

Limited Liability Company (LLC)

1. Company Formation Service Fee

Services and Documents Provided Status
Agent Fee Yes
Name Check Yes
Preparation of Articles Yes
Same-day Electronic Filing Yes
Certificate of Formation Yes
Digital Copy of Documents Yes
Digital Corporate Seal Yes
Lifetime Customer Support Yes
One Complete Year (12 Full Months) of New York Registered Agent Service Yes

2. Government Fee

Certificate of Incorporation Status
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. Yes
Submission of application to the Registrar of Companies Yes

To incorporate a New York company, the client is required to pay the Government Fee, US$ 450, including

  • Government Filing cost: US$ 100
  • Registered Agent Fee for 1 year: US$ 350

Corporation (C-Corp or S-Corp)

1. Company Formation Service Fee

Services and Documents Provided Status
Agent Fee Yes
Name Check Yes
Preparation of Articles Yes
Same-day Electronic Filing Yes
Certificate of Formation Yes
Digital Copy of Documents Yes
Digital Corporate Seal Yes
Lifetime Customer Support Yes
One Complete Year (12 Full Months) of New York Registered Agent Service Yes

2. Government Fee

Certificate of Incorporation Status
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. Yes
Submission of application to the Registrar of Companies Yes

To incorporate a New York company, the client is required to pay the Government Fee, US$ 450, including

  • Government Filing cost: US$ 100
  • Registered Agent Fee for 1 year: US$ 350

Download forms - New York Company Formation

1. Application Formation Form

Description QR Code Download
Application for Limited Company
PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)

Application form for Limited Company processing

Application for Limited Company Download
Application Formation Form LLP LLC
PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)

Application Formation Form LLP LLC

Application Formation Form LLP LLC Download

2. Business Plan Form

Description QR Code Download
Business Plan Form
PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)

Business Plan Form for Company Incorporation

Business Plan Form Download

3. Information Update Form

Description QR Code Download
Information Update Form
PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)

Information Update Form for completing the Registry’s statutory requirements

Information Update Form Download

4. Rate card

Description QR Code Download
New York (C-Corp or S-Corp) Rate card
PDF | 1.26 MB | Updated time: 31 Dec, 2020, 11:22 (UTC+08:00)

Basic Features and Standard price for New York (C-Corp or S-Corp)

New York (C-Corp or S-Corp) Rate card Download
New York LLC Rate card
PDF | 1.26 MB | Updated time: 31 Dec, 2020, 11:22 (UTC+08:00)

Basic Features and Standard price for New York LLC

New York LLC Rate card Download

5. Sample Documents

Description QR Code Download
FAQs

Company Formation Frequently Asked Questions (FAQs) - New York Company Formation

1. What are the requirements for New York City's LLC?

LLC formation is the best option if you plan to conduct a small business in NY. However, there are a few things to keep in mind if you don't want to run into legal problems. Here are the LLC NYC requirements that you should know.

  • First of all, you must prepare all company establishment documents for New York LLC registration, including: company regulations, list of shareholders, founders, practice license.
  • Secondly, attached to these documents is a confirmation of effective business operations, issued by reputable and independent auditing companies, or by banks and agencies. LLC NYC requirements for these documents and document notarization are different from other states.
  • The third requirement is the application form for incorporation, which this state also has its own New York LLC registration form. After obtaining a business license here, your business must register with the Department of Finance, the Department of Taxation... and other specialized departments if operating in the field of specialized management such as pharmaceutical and medical field.
  • Finally, there is a specific requirement for NY LLC formation, which is to publish a copy of your Articles of Organization or a notice of incorporation in two different newspapers. This must be done within 120 days of the original Articles of Organization becoming official.
2. How long does it take to form an LLC in New York?

Limited Liability Company (LLC) formation in NY or other states basically has the same legal procedures with little distinction since it is considered as a foreign company in the United States.

In general, forming an LLC in NY takes six to seven weeks. The schedule includes processing time for filling out and submitting registration forms as well as company related documents to the New York Department of State; creating a company operating agreement; and registering for an EIN number. For publication, businesses must ensure this process is completed within 120 days after the original Articles of Organization becoming official in order to finish your NY LLC formation.

In addition to form an LLC in New York, you can register to reserve the name of your company in case you cannot carry out the operation right away and have to register your company name early, avoiding other companies taking it first. This procedure is similar to the New York LLC registration but you will not need to register with the tax office and will not be charged the period of operation. The time to reserve the company name is 6 months and can be extended for another 6 months to 2 years.

3. Which is the best New York LLC guide for entrepreneurs?

In the United States, each state has different laws governing the establishment of a business and is governed by different agencies. The following New York LLC guide includes all the things you should keep in mind:

1. Prepare relevant documents for your New york LLC formation

Choose an appropriate name and make sure it's not already in use. Also, your limited company name must end with one of the following symbols:

  • Limited Liability Company
  • LLC
  • L.L.C

After that, you should prepare documents related to the company, including: company regulations, list of shareholders, founders, license to practice.

2. File your Articles of Company

Submit the Articles of Organization certificate to the government agency to finish your business formation in New York. This certificate proves that your LLC is formed and ready to go into business.

3. Create your company operating agreement

Your New York LLC formation may need an operating agreement, which is a document that outlines the business rules, regulations, and operating procedures that all members of an LLC agree to and sign on.

4. Apply for an EIN

Obtaining an Employer Identification Number (EIN) or tax ID number is a must for your business formation in New York since it is required for tax purposes and financial paperwork. Your New York LLC’s EIN can be obtained through the IRS website, by mail, or by fax.

4. Do I have to publish my LLC in NY?

Before your NY LLC formation, you must have known about the steps of publishing in this state's newspaper. But still many investors wonder, do I have to publish my LLC in NY? Below are the answers to your questions.

New York LLC publication requirement for new Limited Liability Companies is to publish notices in two local newspapers for six consecutive weeks. Publishing costs between counties can vary widely. In some suburbs, cost of incorporating in New York range from about $300 and can go up to over $1,600 in New York (Manhattan).

Under New York LLC publication requirement § 206, LLCs that fail to comply with publication requirements within the specified timeframes may be subject to suspension of any payments or business activities.

The likely consequence is that your LLC will lose its right to sue in the New York courts. Furthermore, you will not be able to receive a Certificate Under Seal that some partners may require when working with your business.

Hence, you should follow all the New York LLC publication requirements for your business. This is the safest option to ensure that your NY LLC formation will proceed smoothly under the protection of the state law.

5. How are LLCs taxed in New York?

A Limited Liability Company (LLC) in New York is an ideal choice for small and medium sized businesses because of the way it is taxed. There are 2 main ways that LLCs can be taxed in New York:

  • Most LLCs in New York are not subject to federal or state income tax. Instead, the income of LLCs is passed through to their members/owners. The members/owners then pay the state income tax on revenues that they earn from the company. LLCs, however, still need to pay the state filing fee on their gross income. It ranges from $25 for the incomes above $0 up to $4,500 for the incomes above $25,000,000.
  • In some cases, LLCs in New York can be treated as a corporation, a partnership, or a disregarded entity for tax purposes. These LLCs are taxed the same way as the entity they are classified as. Thus, if an owner of an LLC in New York registers his/her business in the form of a corporation, that LLC will need to file a separate tax return and pay corporation income tax well as franchise tax.
6. What is the corporate tax rate in New York?

New York has just added a few changes to the corporate tax rate starting from 2021. Here are the rates applied for some typical New York corporate taxes:

New York Corporate income tax rate

The corporate income tax rate imposed on the New York State business income base increases from 6.5% to 7.25% for taxable years beginning in 2021. This rate applies for business taxpayers with income for the taxable year of $5 million and more. Small businesses, qualified manufacturers, and qualified emerging technology companies in New York remain to be eligible for their current respective preferential tax rates.

New York Business capital tax

From 2021, The New York State business capital tax will be restored and set at 0.1875% for taxable years. A zero percent tax rate continues to apply to small businesses, qualified manufacturers, and cooperative housing corporations in New York.

Fixed dollar minimum (FDM) tax

The FDM tax is calculated based on the corporation's New York State receipts. The rate ranges from $25 for receipts under $100,000 to $200,000 for receipts over $1,000,000,000. A different tax table exists for manufacturers, Non-captive REITs and RICs, and QETCs in New York.

7. Is there an annual fee for an LLC in New York state?

Even though most Limited Liability Companies (LLCs) in New York state are not subject to the federal or state income tax, they are still required to pay for an annual filing fee. An LLC in New York must file a form IT-204-LL every taxable year. The amount of the filing fee is calculated depending on the gross income of the LLC, and can vary from $25 (for the income of more than $0) to $4,500 (for the income of more than $25,000,000). LLCs that do not have income, or are treated as a corporation, a partnership, or a disregarded entity will not need to pay for this type of annual filing fee.

Additionally, LLCs in New York state are also required to pay certain types of taxes and fees annually. They include State Employer Taxes, Sales and Use Taxes, and, for LLCs treated as a disregarded entity or partnership, State Business Taxes.

These payments are usually handled by LLC’s registered agents in New York. An agent will help businesses comply with the state rules and regulations, as well as deal with administrative procedures. If you need a registered agent for your LLCs in New York, or anywhere else in the world, check out One IBC’s corporate services. We are proud to have supported more than 10,000 clients worldwide in setting up new businesses successfully in more than 27 jurisdictions.

8. How to register a business name in New York?

If you are planning to conduct business in New York, you must first have a good grip of the business name registering process. Below are the basic 3 steps that you must follow in order to register a business name in New York.

Step 1: Choose a suitable New York business entity

Depending on your business plan, there are different types of business structure you can start with. The one you choose to form will determine how you register your business name in New York. Common New York business registration are sole proprietorships, general partnerships, limited liability companies (LLCs).

Step 2: Run a New York business name check

When registering a New York business name, you should ensure your business name is unique to avoid copyright and identity issues. If you register with One IBC service, we will help you check the New York State corporations database. This is the crucial step as your application will be denied if you attempt to claim a name that is already in use.

Step 3: Set up your New York business

Once you have completed the above 2 steps, you will need to send your New York company registry documents to the state. As a final step in registration, you must submit in person or by mail your Articles of Organization as well as documents related to your business to the New York Department of Commerce, Communities and Economic Development.

Select Your State Below

View more detailed information on Incorporation requirements

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