Form a New York Corporation – Form a corporation in New York – Form a New York S corp

Sun Corporate Filings can help you form a New York corporation with the New York Secretary of State on an expedited basis. To form a corporation in New York or form a New York subchapter S corporation, you must file the New York Articles of Incorporation with the New York Secretary of State. Sun can incorporate your New York S corporation or register your C corporation in New York so you can spend your time focusing on your New York corporation's success.

We can form a New York general stock corporation or a New York Subchapter (New York S Corp.) corporation for you at a low cost. Let us make the New York incorporation process quick and painless for you by preparing and filing the New York Articles of Incorporation with the New York Secretary of State on your behalf.

To form a New York corporation online, click here to see the costs and time turnaround options for New York corporations.

How do I form a New York Corporation?

There is no need to ask, "How do I form a New York Corporation?" because we know how to incorporate in New York form start to finish. First, we check corporate name availability with the New York Secretary of State. Second, we prepare the New York Articles of Incorporation. Third, before we form the New York corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the New York Secretary of State. Fifth, when the New York Secretary of State files the New York Articles of Incorporation, we will return the filed document to you. We make forming a corporation in New York simple and fast!

What are the advantages of forming a New York Corporation?

There are many advantages of forming a New York corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the New York corporation form purchasing stock. Since the New York corporation is an independent legal entity, the New York corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a New York corporation, the owners (shareholders) are not personally liable for the debts and obligations of the New York corporation. Ownership in a New York corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the New York corporation itself. Another advantage of forming a New York corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my New York Corporation?

After we form a New York corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your New York corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your New York corporation. If you purchase our New York premium package, EIN obtainment is included for your New York corporation.

How do I form a New York S Corporation?

If you want to form a New York S corporation or New York sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your New York S corporation starts as a general stock corporation (C corporation). To obtain or to form a New York S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a New York S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about New York C corporations below. By obtaining S corporation status in New York, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the New York S corporation's shareholders include their share of the New York Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in New York?

Generally most people form New York C corporations that plan on publicly trading the corporation's stock. Since New York S corporations cannot have more than 75 shareholders, choosing to maintain a New York C corporation allows for 76 shareholders or more. A New York C corporation can have multiple classes of stock such as preferred and common shares. A New York C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find New York S corporations desirable. However, a New York S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a New York corporation online, click here to see the costs and time turnaround options for New York corporations.

How do I obtain or prepare corporate bylaws for my New York Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your New York corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your New York corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my New York corporation?

The corporate bylaws serve as a blueprint for your New York corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most New York bylaws contain the number of directors and their names. New York bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of New York corporation bylaws is to create "rules" on how the New York corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most New York bylaws will reference a list of shareholders in alphabetical order that includes New York shareholder's names, addresses, titles held with the New York corporation, and the amount of shares the shareholder owns in the New York corporation.

What is a New York corporate seal?

After the New York corporation prepares its bylaws or has Sun prepare the bylaws, the New York corporation will need a corporate seal. What is a New York corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the New York corporation was formed. Many banks and other lending institutes require New York corporations to possess and use a corporation seal on business documents or loan papers. All New York corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a New York corporation kit?

The New York corporate kit is typically a hardbound binder that contains all of the New York corporation's important documents such as the New York Articles of Incorporation and bylaws. All the New York corporation kits that Sun sells include having the New York corporation's name hot stamped (professional imprint of the New York corporation's name) on the spine. Most New York corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a New York corporate kit is stock certificates. All of the New York corporate kits that Sun sells contain 20 custom stock certificates that include the New York corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your New York corporation, you can order a New York corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your New York corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the New York bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your New York corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your New York corporation.

To form a New York corporation online, click here to see the costs and time turnaround options for New York corporations.

We wish you the best with your New York corporation business venture! Questions? 888 595-2747