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.
Limited Liability Company (LLC) | Corporation (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. |
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.
Limited Liability Company (LLC) | From US$ 599 | |
Corporation (C- Corp and S-Corp) | From US$ 599 |
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 |
Government fee & Service charged | US$ 450 |
Annual Renewal Fees | |
---|---|
Our Service Fee (year 2+) | US$ 499 |
Government fee & Service charged | US$ 450 |
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 |
Government fee & Service charged | US$ 450 |
Annual Renewal Fees | |
---|---|
Our Service Fee (year 2+) | US$ 499 |
Government fee & Service charged | US$ 450 |
Services and Documents Provided | Status |
---|---|
Agent Fee | |
Name Check | |
Preparation of Articles | |
Same-day Electronic Filing | |
Certificate of Formation | |
Digital Copy of Documents | |
Digital Corporate Seal | |
Lifetime Customer Support | |
One Complete Year (12 Full Months) of New York Registered Agent Service |
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. | |
Submission of application to the Registrar of Companies |
To incorporate a New York company, the client is required to pay the Government Fee, US$ 450, including
Services and Documents Provided | Status |
---|---|
Agent Fee | |
Name Check | |
Preparation of Articles | |
Same-day Electronic Filing | |
Certificate of Formation | |
Digital Copy of Documents | |
Digital Corporate Seal | |
Lifetime Customer Support | |
One Complete Year (12 Full Months) of New York Registered Agent Service |
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. | |
Submission of application to the Registrar of Companies |
To incorporate a New York company, the client is required to pay the Government Fee, US$ 0, including
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |