Preliminary information about New York
New York has always been a symbol of hope, promise and endless possibilities. So it's no surprise that when an entrepreneur decides to form an LLC, one of the first places that comes to mind is New York.
New York, the fourth most populous state in the union, has very strong industries in technology, finance, investment, media, entertainment and tourism. So if you're looking to start a business in any of these sectors, there are few better places than York.
However, due to the notoriously high cost of living, cost can become a significant issue for those looking to form an LLC. Therefore, it is very important to understand the ins and outs of how to obtain an LLC in NY.
We have prepared a guide on New York state, in New York
To form an LLC in New York The state is paid $200 for the installation application.
Your LLC must have notice published in two New York newspapers. But first, you must choose a name and a registered agent for your LLC. Officially forming an LLC in New York can take anywhere from a day to a month, depending on how you apply, but it takes at least six weeks to meet the newspaper posting requirement.
After the installation is completed, your company formation document called Articles of Organization will be delivered to you. When you receive the document, New York LLC company has been officially established.
The registered agent company, from which you will receive support during the installation phase, will provide the mentioned formation documents for the installation. Thus, you do not need to take any extra action. To form your company, you can get online service from Northwest Registered Agent by paying the 39+ State filing fee.
Costs
| Service | Price | In installation | Annual (1 per year) |
| Fee to be Paid to the State During LLC Company Formment + Newspaper Advertisement Fee | 205$ | ✔ | – |
| In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost. | 9$ | – | ✔ |
- In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
- You can renew your Northwest agency fee next year for $125 (address included)
- New York LLCs must submit reporting payments to the state every two years ($9)
What is Registered Agent?
Agencies that provide services for entrepreneurs who do not reside in the United States to form an llc, receive official documents from the state, and ensure that the company remains healthy are called Registered Agents.
When you decide to form an LLC in Usa, Northwest is one of the best options. Northwest provides a free mailing address for your company.
There are also different agencies, you can access the full list and detailed review page of other Registered Agent companies that establish LLCs from this link .
How to Form an LLC Company in New York?
You can form an LLC remotely online in New York Additionally, non-US citizens are not required to have an ID or passport. After registering your LLC company, it is necessary to advertise in at least two NY local newspapers. Otherwise, your LLC will be terminated.
If you do business with the Northwest agency, you do not need to pay extra for the company address because this agency has offices in all US states and allows you to use its offices as your business address. Other details are below.
If you do business with the Northwest agency, you do not need to pay extra for the company address because this agency has offices in all US states and allows you to use its offices as your business address. Other details are below.
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- You can get a domain name for your company: Check if the website domain name you will create for the business name you choose has been registered before. With Namecheap you can quickly register an llc domain name so that no one else can get and use your domain name in the future.
Find a domain name starting from $0.88
powered by Namecheap
- Apply Online: Determine a Registered Agent to establish your company and keep it active. Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will fulfill all transactions for you according to the order form in your application and will be your Registered Agent in this state
- Operating Agreement: The operating agreement, called the Operating Agreement, determines the management style and rules of the company. It is not required to be created in many states, in New York . Northwest will prepare an operating agreement for you free of charge after company establishment and deliver it to you electronically. Although the state does not require it, it is recommended to create it, but you do not need to mail or electronically send this contract to the state, just keep the contract you have prepared and signed.
The approval and installation period of the LLC company New York state. It is also necessary to consider the newspaper advertisement period after installation. This announcement must be placed within 30 days after installation.
New York state?
- After the company is formed, your LLC formation document is delivered to you digitally by your agency.
- Once you receive the incorporation documents (digitally), obtain a Federal Identification Number (EIN) from the IRS. Without EIN, you cannot open a bank account or register for payment systems such as virtual POS (stripe) or paypal. You can also apply for an EIN yourself by filling out form SS4 and faxing it to the IRS. the Free EIN Application guide . The other option for EIN is to get a paid service. You can get EIN application service from us for $ 29. We can process it on the same day and carry out the entire process for you. the order form after company setup .
State Requirements and Taxes
Federal Taxes: All LLCs require a federal tax identification number, EIN. An EIN is basically the business version of a social security number and is used for important LLC functions. If you obtain your LLC company income from American citizens, you may be required to pay federal income tax to the state after a certain turnover.
State Requirements: In New York, LLCs must file an Annual Report with the state each year, whether there is income or not. It is necessary to fulfill the Annual Report requirements in a timely manner.
Sales Tax Rate in New York
Sales Tax in New York : New York has a 4% state sales tax and allows local governments to collect up to 4.875% local option sales tax. There are a total of 639 local tax jurisdictions across the state, which collect an average local tax of 4.254%.
When combined with the state sales tax, the top sales tax rate in New York is 8.875% in the cities of Brooklyn, New York, the Bronx, Staten Island, and Flushing (and 54 other cities).
Obtaining Business Licenses and Permits
Not every type of business requires a business license. Most companies that sell goods and other companies that sell some services will need a Certificate of Authority, which is a sales tax certificate used to collect and remit applicable sales taxes.
Some businesses that provide professional services are required to obtain a professional license. New York Office of Professions provides a list of licensed professionals (such as doctors, lawyers, and Counselors). Licensed professions (like barbers and home inspectors) are on NY.gov.
Merchants who do not have a retail location may be required to obtain a General Merchant license. Businesses that sell alcohol are required to obtain a liquor license.
Visit New York Business Express' Business Wizard use the NYC Business site to determine your permitting and licensing needs
Annual Reporting
New York LLCs must file a Biennial Declaration with the New York Department of State every two years. The purpose of this form is to keep you up to date on who manages your LLC and how to contact your business. Filing of the Biennial Charter costs $9.
Annual Report Date:
The Biennial Return expires every two years at the end of the month in which you first form your LLC. Therefore, if you submitted a paper in June 2021, you must submit your Biennial Notice by the end of June 2023.
You can easily pay your annual report on the state website.
For more information on general taxation issues regarding LLC companies, Taxation in America .
20 Comments . New Comment
Hello again, teacher Nazmi.
I want to get a free EIN application. NW wants 200 dollars, I bought it from here, can I use it? Approximately when will you get back to me?
When I provide a TR number on the EIN form, Amazon etc. I won't have any trouble, right?
Yes, EIN service for foreigners in NW is 200 USD. If you have formed an llc with our reference, you can fill out and send the Pre-application form below.
https://startupsole.com/ucretsiz-ein-basvuru-kampanyasi/
You can give your TR number. Your phone number does not appear anywhere, it is for contact purposes only.
Nazmi teacher, I founded the company, but there was a problem. The Virtual Address I received does not match the Company address. Where does it match? St N, there is a difference here. I have 11563, they use 500, for example.
You can find both of these addresses any time by logging in HERE and clicking the service tab. When you opt to use our address with the secretary of state we will list the ste 300 address. Your virtual office address is to be used for all other business needs you have.
Doesn't Amazon want the compatibility? Yes, it does, what can I do?
I wonder through which agent you formed the company?
via NorthWest
Theirs is not important, take into account the suite number written on your documents. 500 may be their suites.
Nazmi teacher, it is stated in the Federal records that there are 500 units. So my company is on 500 addresses, there is no Virtual Address. First, I bought the Virtual Address so that I would not have any problems when forming the company.
Hope your weekend was amazing! Seems like you are getting the virtual office address and the registered agent address mix up.
Virtual office: —— 4th St N #1—- St. Petersburg, FL, PO
Registered agent: ——- 4th St N STE 500 (where I call it) St. Petersburg, FL, P.O.
This is the address. Mine is Virtual, the address I wrote NorthWeste when registering. The other one is my address, which is in the Federal Office. I did not give such an address, I don't know anyway, so now I will do it, I will register in BOI, there will be addresses in Marketplace, I gave a Virtual address in TradeMark.
The address written on the documents is not very important, no one actually asks you about your address on the documents. What is important is whether the address of the private suite you purchased belongs to you and whether you have access to the incoming documents.
If your private address belongs to you and you have access to the incoming documents, you can give your address anywhere you want, there will be no problem. Including boi and trademark.
The other address is already the address of the registered Agent company. Even if there are documents sent to that address (usually state notifications, etc., although rarely), Northwest will deliver those documents to you from your panel.
Okay, what address should I give to Amazon, Etsy, Shopify, sir? Let me give my Virtual Address. So let me give all my records from A to Z to that address.
Yes, please provide your address for the private suite you purchased.
Okay, thank you very much Nazmi, the service you provide is wonderful. If you are around Istanbul, I would like to visit your place.
Regards 🤙🏻
Hello Mr. Nazni, good luck.
Now that I have established the company, I am trying to set up Trademark as an extra and a form about this appeared in front of me. Is there any study on this or an example? Or you understand me.
Thank you .
Hello,
unfortunately we do not have content on this subject. If you ordered the trademark service through Northwest agent, write to the support section and you will receive a detailed email regarding your request at the beginning of the week.
Hello again, Mr. Nazmi.
65 percent Delaware, 40 percent Florida, I'm at the decision stage, there was an extra situation like this, if you remember, I opened a personal bank account in Bank of America in Brooklyn last October, I want to open a company account in the same bank, but will I have any problems if it is in one of the 2 states I mentioned, that is, I have a bank account in Brooklyn, but the company's The address will be in Delaware, can I open it, will I have any trouble?
(Thank you very much for your effort)
Hello,
You will not have any problems. There are many people who set up LLC and opened Boa accounts in many different states. The important thing is to have a face-to-face meeting. As you know, it is not possible remotely. When you go by appointment and talk face to face, they do not look at the state.
Apart from the online business I mentioned, I also have a business like logistics (export import). Is there a possibility of doing such operations with this type of company?
thanks .
Yes you can
New York seems to be the most advantageous in this case?
Now I have a personal bank account at NY Bank of America, is there any value for this?
I'm confused which state should I choose? NY Florida Delaware Which of these three? Should it be evaluated in terms of costs or is there a different situation?
There seems to be no cost whatsoever. I really don't understand
Your Boa personal account has no connection with the company. You need to open a new bank account for the company. If you are not physically present in the USA or do not have a physical store there, we can recommend the state with the lowest annual costs.
Thank you very much for your reply in a short time.
You say it very well, but isn't it necessary to think for a long time? Mr. Nazmi, what do I know, now I have a visa, I went and I will go again, that is, I am trying to get a residence permit, is there a possibility to get it through this established company?
When you think about it with its pluses and minuses, I don't know, NY or Florida seems more logical to me.
I need to open a company urgently right now and I will open it through this website, but I am trying to plan for 20 years.
ETSY AMAZON SHOPIFY I was going to work with these three, but I gave myself a lot of trouble with the location.
Thank you again, best regards, Mr. Nazmi.