Setting up a NY corporation doesn’t have to be complicated. We’ve created this straightforward guide to get you started.
Want Incfile to do the work for you? We make starting a New York S Corporation or C Corporation fast and easy.
Briefly, the benefits of forming a New York corporation are:
If you don’t need the options for buying and selling stock, a New York LLC may be a better choice for your business. You can even have your LLC treated as an S Corporation for tax purposes to save you money.
See if the name is available by searching for it on the New York Department of State website.
Every New York State S Corporation or C Corporation must have a designated street address. That could be your home address (if you’re running the company from your residence), your company’s office building or any physical address of your preference. The address can be outside NY, but it cannot be a P.O. Box.
Every New York corporation must have a “Registered Agent” who receives official legal and tax correspondence and has responsibility for filing reports with the New York Department of State. Your Registered Agent must have a physical street address in New York.
A Registered Agent position for a New York S Corporation or C Corporation can be filled in several ways.
A Registered Agent could be you, a director or an officer of the corporation. The New York Registered Agent for your corporation must have a physical street address in New York. They need to be available during business hours to receive important documents for your corporation.
Here at Incfile we always recommend using a proper New York Registered Agent service since they provide several benefits:
At Incfile, all of our packages include a New York Registered Agent service that is free for the first year and just $119 per year afterward. We also have a dashboard where you can log in and easily view any document your Registered Agent has received on your behalf.
The legal document required to create your new corporation is called the “Certificate of Incorporation.” You will need to gather various details for your New York filing with the department of state including:
Once your Certificate of Incorporation document is drafted, you can file it with the New York Department of State. Filing your Certificate of Incorporation creates your New York corporation. You can do this online, mail in a form or have Incfile do it on your behalf.
Once your New York corporation has been created, you will need to get certain legal requirements in place. These include:
A regular New York S Corporation or C Corporation is suitable for almost all business needs, but you also have a few other options to incorporate a special type of corporation.
Some states, including New York, allow certain occupations to form “Professional Corporations.” These types of corporations may need special requirements and licensing. NY State does not list the specific professions that can form professional corporations, although the name of the corporation must end with the words “Professional Corporation” or the abbreviation “P.C.”
A “foreign” filing is when you have a regular, domestic corporation in a state (typically the one where you first formed your business) and need the company to be able to operate in another state. This is where you would file a “Foreign Qualification” to the new state for your domestic corporation to be able to operate in both states. You must have an existing domestic corporation before you can file as a foreign corporation.
Incfile provides a cost-effective service to help you create your corporation. We guide you through the process and handle most of the administrative steps on your behalf, such as filing your Articles of Incorporation. Our packages also provide a free Registered Agent service for the first year. If you're looking for assistance forming a corporation, we can help you start a NY S Corporation or C Corporation.
No Contracts. No Surprises. Only $0 + State Fee to Launch Your Business.
Launch your business!State fee
State filing time
Expected filling time
The state charges this amount to file a new business entity. This fee goes directly to the Secretary of State.
Compare State Filing Times Compare State Filing PricesThis report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Other State RequirementsAdditional resources, guides, and articles for better decision making.
Get started wih easy-to-follow guides, wizards, content and support documents. Help is only an email away.
Learn everything you need to launch your home business.
Learn more about LLCs/Corporation in your state.
Review your states ongoing filing requirements.
Read our guide to the 10 things your business plan needs.
Check out our list of free entrepreneur workshops, seminars, business training and webinars.
Use our comparison tool to determine the processing fee fro each state.
Review the potential tax savings by forming an S-Corporation
Ongoing filing and compliance Review the benefits of each entity to determine which type is best for you
Silver
One time payment
Gold
Everything from silver+
One time payment
Platinum
Everything from silver & gold+
One time payment