|
 New York Corporation
New York Corporation Names
The New York Corporation name must include the word or an abbreviation of a word that indicates that the named entity is a corporation. Examples of a corporate name ending include “Incorporated,” “Corporation” or “Limited.” The name cannot state or imply that the corporation or LLC is formed for purpose other than what is permitted in the articles of incorporation/organization. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
Director Information:
Minimum Number - Not less than three, unless there are only one or two shareholders of record; then the number of directors may be less than three but not less than the number of shareholders.
Residence Requirements - No provision.
Age Requirements - Directors must be a natural person at least 18 years of age.
Directors are not required to be listed in the articles of incorporation.
Officer Information
Officers are not required to be listed in the articles of incorporation.
Stock Information
The certificate must state:
• The aggregate number of shares that the corporation is authorized to issue.
• The par value of each share (or a statement that there is no par value) or, of applicable, the number of shares and par value of each class of shares and series along with their designations, a statement of their relative rights, preferences and limitations.
• A statement describing the authority vested in the board of directors to establish, designate and make changes between series, if any.
Registered Agent
The New York Secretary of State acts as the Registered Agent for all business entities registered in the state.
Corporate Records
The stock transfer ledger must be kept in the principal corporate office.
The incorporation in New York does not have any special requirements. You neither have to be a US citizen nor a US resident. You don't even have to be present in the USA at any time. The minimum age to incorporate in New York is 18 years. One person can be shareholder and director. A corporation in New York usually takes 3-5 days to be registered.
Like with all US corporations you can benefit from many advantages:
 low incorporation fees
no paid up capital required
fast and hassle free incorporation procedure
limited liability status
asset protection
bankruptcy does not affect the directors personal assets
your choice of name
anonymous filing by nominee directors available
corporations are amongst the most reputable company structures world wide
good reputation, especially with banks
outsourcing high risk activities with separate corporations
perfect to start a new business
perfect to gain investors
ability to apply for US immigration
professional appearance for your business
Note:
The only thing a corporation in New York does not include are offshore advantages like tax exemption. A corporation in New York needs to file accounts and pay taxes on the profit it has made. Like in most US states two different taxes occur: state taxes of New York with 7,5% and federal taxes of 15% to 39%. So there is no tax advantage given. If you are interested in low-tax or tax-exempted companies we can of course assist you with that.
|
|
