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What does New York require to incorporate a business?

You will most likely need an EIN and your incorporation paperwork. File a Biennial Statement. A Biennial Statement is a document that New York requires LLCs and corporations to file. It provides the state with updated information on the company.

Do I need to incorporate my business?

Incorporation is not compulsory and for many, sole proprietorship works perfectly fine. But in order to bring in co-ownership for instance, a business does need to be incorporated. Before you decide whether to incorporate your company or not, it's always a good idea to speak to an accountant.

What is Certificate of Incorporation NY?

A new corporation founded in New York State must file a Certificate of Incorporation. This certificate is filed with the NYS Department of State (NYSDOS). Businesses should consult an attorney to learn about legal structures. Completed applications, with a fee, must be sent to the NYSDOS.

What is the purpose of certificate of incorporation?

The certificate of incorporation acts as compelling confirmation of the regularity of the incorporation of the company even if there is any flaw in its registration process. A company can immediately commence its business once its certificate of incorporation is issued.

What does certificate of incorporation mean?

Legal Definition of certificate of incorporation 1 : a certificate issued by a state's secretary of state that shows acceptance of a corporation's articles of incorporation.

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What is the difference between articles of incorporation and Certificate of Incorporation?

There isn't any difference between Certificate of Incorporation and Articles of Incorporation. Both the documents refer to the charter filed with the state agency for creating a corporation. In some states, Articles of Incorporation are known as Certificate of Incorporation.

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