Available options

Nonprofit corporation

Nonprofit corporations are formed to benefit a charitable, educational or other public causes specific public purpose.
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Benefit corporation
Benefit corporations, also known as a “B Corps” are created to serve a beneficial public purpose while pursuing a profitable bottom line.
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Special purpose entity or special purpose vehicle formation
A special purpose entity (SPE) or vehicle (SPV) is a unique entity or means of holding on to an asset in a place separate from the rest of your business.
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Professional limited liability company
Many states require licensed professionals, such as doctors, lawyers, accountants, architects, or engineers, to form PCs or PLLCs, rather than regular corporations or LLCs.
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Limited liability partnership
An LLP is a partnership that allows each partner to share in management and provides some degree of protection from the liabilities of the partnership, including those caused by the actions of other partners.
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Common questions regarding incorporating or LLC formation in New York
Why should I incorporate my business in New York?

Incorporating or forming an LLC in New York means that the business becomes a separate legal entity. This provides a number of benefits. It helps protect the owners personal assets because, in most cases, its owners are responsible only for amounts invested or business obligations personally guaranteed. Operating as a corporation or LLC provides increased tax planning options. And, LLCs and corporations often enjoy enhanced credibility with lenders, potential customers, vendors and employees. If your principal place of business is New York, incorporating there may be most cost-effective and lessen your administrative obligations going forward.

What should I know about incorporating in NY?

New York corporations are formed by filing a Certificate of Incorporation. LLCs must file Articles of Organization. New York requires that your business name be unique, clearly indicate whether it is an LLC or a Corporation and not contain any prohibited words or phrases. Corporations must state the number of authorized shares and the par value. Every LLC and corporation must appoint the New York secretary of state as the agent for service of process and provide a name and address where papers are to be sent. LLCs, but not corporations, have a stringent post-filing publication requirement.

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