New york corp 2025

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The document is a Wholesaling Agreement dated October 1999 between Lincoln Life & Annuity Company of New York (LNY), Lincoln Financial Advisors Corporation (LFA), and Delaware Distributors, L.P. (DELAWARE). It outlines the roles and responsibilities of each party in wholesaling variable annuity and life insurance contracts issued by LNY. DELAWARE is appointed as the wholesaler to recruit brokers for distributing these contracts, while LNY and LFA retain certain regulatory and operational responsibilities. The agreement includes definitions, appointment terms, marketing obligations, compensation structures, indemnification clauses, and provisions for termination.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is it better to be an LLC or S corp?

LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders. S corporations cannot be owned by corporations, LLCs, partnerships or many trusts.

What is the disadvantage of an S corp?

Some unique income tax rules apply to S corporations regarding compensation and fringe benefits paid to shareholders who own greater than 2% of the corporation. Under these S corp income tax rules, a greater than 2% shareholder is taxed as a partner in a partnership for fringe benefits received.

What happens if you dont file a biennial statement in NY?

List of companies based in New York City CompanyIndustry Jefferies Group financial services JetBlue transportation JPMorgan Chase banking financial services Kate Spade Company fashion241 more rows

What is the difference between an LLC and an S corp in NY?

Stock ownership restrictions. An S corporation can have only one class of stock, although it can have both voting and non-voting shares. Therefore, there cant be different classes of investors who are entitled to different dividends or distribution rights. Also, there cannot be more than 100 shareholders.

How do I look up a corporation in New York?

Use the Business Name Search feature provided by the New York Department of State Division of Corporations. Choose the type of search you wish to conduct: Entity Name, DOS ID, Assumed Name, or Assumed Name ID. Enter the relevant information in the search field (e.g., the entity name or DOS ID).