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New Yorkers work hard. You know you’re going to have to roll up your sleeves to make your dreams a reality, and you’re ready to do it. Because we know your time is valuable, we’ve gathered everything you need to start a small business in New York. We’ll cover:
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You need to register your business with the state of New York to take your business from a state of mind to an actual entity. The way you file is dependent on your business’s legal structure, so you need to choose your legal structure first. If you’re not sure which is the right fit, you can consult this guide to the different business entity types.
Corporations, limited liability companies (LLCs), professional service limited liability companies, and limited partnerships need to register with the state of New York. General partnerships and sole proprietorships will not register with the state of New York. Instead, you must register with your county clerk.
To register a corporation with the state of New York, you must complete a Certificate of Incorporation.
To form an LLC in the state of New York, you must:
Designated professional services must follow a separate protocol when filing an LLC in the state of New York. This includes professions like occupational therapy, dentistry, landscape architecture, psychology, and public accountancy. For a full list of professional services, consult the New York State Department of Education, Office of the Professions.
To form a limited partnership in New York State, you must:
New York Department of State
Division of Corporations
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Employer Identification Number (EIN)
All employers who have employees must be assigned an EIN (or Employer Tax ID) from the Internal Revenue Service.
New York Tax Registration
To sell products and services, you must register with the New York State Department of Taxation and Finance.
The state of New York requires new businesses to obtain the necessary licenses for their industry before operating. You can find the required licenses for your specific business through New York State’s Office of Professions.
The permits required in your local government area may vary. You’ll want to check with your local city, county, and/or municipality for any additional required permits.
Some of the most common required permits include:
Federal Labor Laws
All businesses operating in New York must comply with national labor laws.
New York Labor Standards
Consult the New York State Division of Labor Standards for the full list of state labor laws.
You’re almost there! The final step in setting up your business is to determine the federal and state employer requirements.
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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.