Company registration in new york usa 2017

A great topic!

Registering a company in New York, USA in 2017 requires careful planning and compliance with state and federal regulations. Here's a step-by-step guide to help you through the process:

Step 1: Choose a Business Structure

New York allows various business structures, including:

1. Sole Proprietorship: A single individual owns and operates the business.
2. Partnership: Two or more individuals own and operate the business together.
3. Limited Liability Company (LLC): A hybrid structure offering liability protection and tax benefits.
4. Corporation: A separate legal entity with shareholders and directors.

Step 2: Choose a Business Name

1. Check if the desired business name is available using the New York State Department of State's (DOS) database.
2. Ensure the name is not too similar to an existing business name.
3. Reserve the name with the DOS for a fee (currently $25).

Step 3: Register with the New York State Department of State (DOS)

1. File Articles of Organization (for LLCs) or Articles of Incorporation (for Corporations) with the DOS.
2. Pay the filing fee (currently $200 for LLCs and $100 for Corporations).
3. Provide required information, including:
   • Business name and address.
   • Registered agent and address.
   • Business purpose.
   • Number and type of shares (for Corporations).

Step 4: Obtain a Federal Tax ID Number (EIN)

1. Apply for an EIN with the Internal Revenue Service (IRS) online or by phone (1-800-829-4933).
2. Provide required information, including:
   • Business name and address.
   • Business purpose.
   • Tax year.

Step 5: Obtain Licenses and Permits

1. Check with the New York State Department of Labor (DOL) for any required licenses or permits.
2. Obtain any necessary local licenses or permits from the city or county where your business is located.

Step 6: Comply with Tax Requirements

1. File annual reports with the DOS (for LLCs and Corporations).
2. File federal and state income tax returns (Form 1120 for Corporations and Form 1065 for Partnerships).
3. Pay any applicable sales tax, payroll tax, or other taxes.

Step 7: Open a Business Bank Account

1. Open a business bank account to separate personal and business finances.
2. Provide required documentation, including:
   • Business license and registration documents.
   • EIN.
   • Proof of business address.

Additional Requirements

1. Register for unemployment insurance with the New York State Department of Labor.
2. Obtain workers' compensation insurance if you have employees.
3. Comply with any industry-specific regulations or licenses.

Fees and Filing Requirements

• DOS filing fees: $200 (LLC) or $100 (Corporation)
• EIN application fee: $0 (free online application)
• Business license and permit fees: vary by city or county
• Annual report filing fee: $9 (LLC) or $25 (Corporation)

Please note that these fees and requirements are subject to change, and it's always recommended to consult with an attorney or accountant to ensure compliance with all applicable laws and regulations.