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The filing period for a business corporation or LLC is the calendar month in which its original Certificate of Incorporation, Articles of Organization or Application for Authority was filed with the New York Department of State. The Biennial Statement must be filed every two years.
The number of directors constituting the board may be fixed by the by-laws, or by action of the shareholders or of the board under the specific provisions of a by-law adopted by the shareholders. If not otherwise fixed under this paragraph, the number shall be one.
Domestic and foreign business corporations are required by Section 408 of the Business Corporation Law to file a Biennial Statement every two years with the New York Department of State.
The biggest difference is that corporations have ?shareholders? and LLCs have ?members.? Corporations tend to have many owners, while LLCs are now the most common small business entity type.
How to Start a corporation in New York Choose a name for your business. ... Designate a Registered Agent in New York. ... File Your Certificate of Incorporation in New York. ... Create your Corporate Bylaws. ... Appoint your Corporate Directors. ... Hold the First Meeting of the Board of Directors. ... Authorize the issuance of shares of stock.