Steps to Forming a New York Corporation
Information We Need From You to Start Your Corporation
1: Select a Name: Your company name must include the word Corporation, Incorporated, or Limited, or an abbreviation of one of those words.
2: Authorize Shares: A corporation is owned by its shareholders. Shareholders own shares of stock in the company. New York requires you to designate an initial number of shares you intend to authorize. In most cases, a corporation will authorize a small number of easily-divisible shares (100, for example). At the first shareholders meeting, you would then issue 51% of those shares to yourself, giving you control of the company. New York also asks for a par value. Par value is not the actual value of the stock, but rather the lowest price it can be sold for (can be No Par Value).
3: Choose Management: Corporations are run by their Directors. Directors are the ones who set the policies, determine the salaries and bonuses, issue additional stock, and appoint the corporate officers. Normally, you would appoint yourself the sole Director, and you would assume the various roles of the corporate officers (President, Secretary, Treasurer).
4: Remaining Info Needed to File:
-
County: the county in which the corporate office is to be located (inside New York).
-
Registered Agent: legal registered agents must maintain a physical street address, known as a registered office (no PO boxes). All of our Speedy filings came with one free year of New York registered agent service by Northwest Registered Agent. This service will keep your private home and office addresses off the public record and fulfill your mailing and principal office requirements.
Form Your Corporation Here Online
Steps to Forming a New York LLC
Information We Need From You to Start Your LLC
1: Select a Name: Your name must include either Limited Liability Company, LLC or L.L.C. If you want to see if your company name is still available, you can conduct a New York business name search.
2: Membership: The owners of an LLC are known as members. They are not issued shares of stock as they would be in a corporation. Instead, LLCs assign ownership percentages to their members. Each member’s percentage is usually, though not always, in direct proportion to the amount they have invested in the company.
3: Choose Management: LLCs are usually managed by their members. Members take part in the daily business activities as well as make major policy decisions. An LLC may decide, however, to appoint a manager to run the company. A manager is not required to be a member.
4: Remaining Info Needed to File:
-
County: the county within the state where your company office is located.
-
Registered Agent: legal registered agents in New York must have a physical street address where they can accept service of process (cannot be a PO box). This is known as a registered office. All of our Speedy filings come with one free year of New York registered agent service. This free service keeps your private home and office addresses out of the public record and fulfills your mailing and principal office requirements.
Form Your LLC Here Online
Testimonials
“Your site is excellent. Good information, and easy to fill-out the information. ” – David J., New York, New York
“Thank you Thank you Thank you!!!! I had been putting off launching my home business until I discovered your site. I stumbled onto you and consider myself very lucky Thanks a Million! ” -Gerard H., Buffalo, New York
“Your customer service rep was a great pleasure to work with. He really helped me grow my business to the next level. Ordering online was simple even for someone who doesn’t understand the internet like me.” – Tim T., Yonkers, New York
