How to Start an S Corp in New York Step 1: Choose a Business Name. Step 2: Obtain EIN. Step 3: Certificate of Incorporation. Step 4: Registered Agent. Step 5: Corporate Bylaws. Step 6: Directors and Meeting Requirements. Step 7: Stock Requirements. Step 8: Biennial Statement.
Every corporation, domestic or foreign, must have a Registered Agent with a registered office within the State of New York at all times.
Business Corporations & Not-For-Profit Corporations FILING UNDER THE BUSINESS CORPORATION LAWRev. 3/16 Incorporation (all corporations) $125 Amendment or Restated $60 Consolidation or Merger $60 Change §805-A(a) or §1309-A(b) $3010 more rows
Unlike sole proprietorships, a corporation can be owned by multiple people.
To qualify for S corporation status, the corporation must meet the following requirements: Be a domestic corporation. Have only allowable shareholders. Have no more than 100 shareholders. Have only one class of stock.
Unlike sole proprietorships, a corporation can be owned by multiple people.
Limited number of shareholders: An S corp cannot have more than 100 shareholders, meaning it can't go public and limiting its ability to raise capital from new investors.