Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation Form In Suffolk
State:
Multi-State
County:
Suffolk
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
How to set up a sole proprietorship in New York Choose your business name. File a trade name. Obtain licenses, permits, and zoning clearance if needed. Obtain an Employer Identification Number (EIN) ... Simplified tax preparation. Less paperwork and fees. Sole ownership. No asset separation.
How to Form a Corporation in New York Choose a Corporate Name. Appoint a Registered Agent. File Certificate of Incorporation. Prepare Corporate Bylaws. Appoint Directors and Hold the First Board Meeting. Issue Corporate Stock. File New York Biennial Statement. Obtain an EIN and Comply With Tax Requirements.
Sole Proprietorship Taxes in New York The personal income tax rate in New York uses tax brackets based on income level, just like the federal system. The tax rate starts at 4% for income up to $17,150, which will go as high as 10.9% for income over $25,000,000.
How do I register my new business? All new businesses, regardless of location within Suffolk County, must register with the State of New York through the Suffolk County Clerk's Office in Riverhead. The Suffolk County Clerk's Office can be reached at (631) 852-2000.
Here's a step-by-step guide to starting a business in New York: Choose a business idea. Choose a name. Create a business plan. Select a business structure. Register your business. Get an employer identification number (EIN) ... Apply for business licenses and permits. Examine insurance options in New York.
Choose a Business Name. As a sole proprietor in New York, you can use your own legal name or an assumed name—also known as a "fictitious name" or "DBA" (for "doing business as"). File an Assumed Name With Your County. Apply for Licenses, Permits, and Zoning Clearance. Obtain an EIN.
Unlike a sole proprietorship, an LLC is a hybrid of the partnership and corporate forms that allows the liability protection of a corporation with the tax advantages of a partnership. As hinted above, this is a crucial difference between the two business structures.
How to Register a Business in New York State Step 1: Choose and Reserve Your Business Name. Step 2: Determine Your Business Structure. Step 3: Register Locally with Your County Clerk's Office. Step 4: Register with the New York State Department of State. Step 5: Obtain a Certificate of Authority for Sales Tax.
All new businesses, regardless of location within Suffolk County, must register with the State of New York through the Suffolk County Clerk's Office in Riverhead. The Suffolk County Clerk's Office can be reached at (631) 852-2000.