With its large population and an endless array of opportunities, New York is one of the most popular places to start a business. Making sure your business is setup properly can help you to avoid serious problems down the road. Learning how to incorporate in NY is essential when trying to avoid putting your personal assets into your business. If a business that is not incorporated is sued, the owner can have all of their personal possessions taken. Read below to find out information on how to incorporate your business in New York.
Selecting a Name For Your Business
The first order of business when trying to incorporate your business in New York is finding the right name. Before you are able to get approved for incorporating your business, you will have to choose a unique name that has not been registered in New York City before. Once you have decided on a name, you will need to file a certificate of incorporation with the New York Department of State. When trying to learn how to incorporate in NY, you will need to avoid rushing through this step due to the importance it plays.
Getting the Right Paperwork In Order
When trying to follow the right steps regarding how to incorporate in NY, you need to request a Federal Employer Identification Number from the Internal Revenue Service. Once this number is obtained, you will be able to move forward with the filing of your business license. There are a number of licenses and permits you need to obtain before you are able to do business legally in the state of New York.
Seeking out some guidance from tax professionals is a great way to avoid missteps when trying to get your identification number from the IRS. The tax professionals will also be able to help you file correctly, which can help you avoid audits and fines.
The professionals at Uncle Phil’s Tax Advice can help steer you in the right direction when trying to file taxes for your small business. Call them at (855)829-8477 or visit our website for more information. You can connect with them on Facebook for latest updates!