New York is a state in the Northeasten region of the United States. New York is the 27th-most extensive, the 3-rd most populous, and the 7-th-most densely populated of the 50 United States. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachesetts and Vermont to the east. The state has a maritime border with Rhode Island east of Long Island, as well as an International border with Canadian provinces of Ontario to the west and north, and Quebec to the north. The state of New York is often referred to as New York State to distinguish it from New York City.
Forming a Limited Liability Company in New York State
New York recognizes many business forms including the limited liability company (LLC), corporation, limited partnership, sole proprietorship, general partnership and other less familiar forms. Each has its own advantages and disadvantages. For any particular venture, personal and business circumstances will dictate the business form of choice.
Structure LLC
A limited liability company - is a combination of partnerships and corporations, combining the advantages of these structures. The reason for the growing popularity of the LLC among businessmen is that the company combines the type of corporation and the universality of the partnership. This means that the company itself does not pay tax on profits. Founders of companies pay only income tax on that income, which he lists the LLC with the amounts received, in accordance with a prior agreement.
Unlike a corporation, an LLC is exempt from double taxation of income (corporate tax and tax on dividends). This allows foreign owners and corporations to avoid paying taxes by registering an LLC in one of the states of the USA. LLC is not obliged to provide a federal declaration or a declaration of state of the Income Tax Act. With proper tax qualification company may be exempted from paying taxes.
Reporting and the requirements of the law
Law of the LLC does not provide for reporting. In the Memorandum and Articles of Association of the Company you must provide information about the company. Minimum reporting makes LLC a confidential organization. Investors or businessmen, who prefer to maintain the confidentiality of its business, can easily do so.
Tax Regime
In the U.S. there are two types of income tax. The first type of income tax - federal. All companies are required to pay this tax. The second type of income tax - state. The state determines the size of the tax. The amount of tax for the LLC in Delaware, Washington (DC) and New York State is equal to zero, which gives a great advantage of such companies.
LLC, owned by non-residents and not carrying on activities in the United States, do not pay taxes in the United States.
Characteristics of an LLC registered in the U.S.
|
Tax |
0 |
0 |
0 |
|
Annual license fee |
$ 100 |
0 |
$ 100 |
|
Director |
Minimum 1 |
Minimum 1 |
Minimum 1 |
|
Founders |
Minimum 2 |
Minimum 2 |
Minimum 2 |
|
Disclosure of directors |
No |
No |
No |
|
Disclosure of information about the founders |
No |
No |
No |
|
The registered office in the U.S. |
Yes |
Yes |
Yes |
|
Annual Reports |
No |
No |
No |
|
Availability of bearer shares |
No |
No |
No |
|
Corporate directors |
Yes |
Yes |
Yes |
|
The presence of the Secretary |
Optional |
Optional |
Optional |
|
Resident Director |
No |
No |
No |
|
Standard authorized capital in protest |
Optional |
Optional |
Optional |
|
Providing an annual declaration |
No |
No |
No |
|
Provision of financial reports |
No |
No |
No |
|
Restrictions for the trading and doing business |
Companies, registered in the United States have no right to conduct business related to banking operations and all types of insurance |
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|
Company |
Company name must end with the words "Limited Liability Company" or the appropriate abbreviation "LLC" or "LLL" |
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|
International company (LLC) - Standard order |
International company (LLC) with Nominee Services |
|
US$ 1,150.00 |
US$ 1,650.00 |
|
Standard order The documents/services which are provided to the client are:
Price - US$ 1,150.00 includes:
|
Standard order with Nominee Services: The documents/services which are provided to the client are:
Price - US$ 1,650.00 includes:
|
Ready-made (shelf) companies
We have specially registered some companies for your convenience if you require the company immediately or if you require company with older incorporation date. You can sign the bank account opening forms as soon as you have purchased the shelf company which lets you to receive the account number and IBAN number straight away.
All these companies have not traded or entered into any dealings or obligations whatsoever. Since their incorporation, their documents have been kept motionless on the shelf in our office.
Please note that due to the fact that these are "shelf" companies they are without Apostille and most probably, you will need it so it will take 1-2 business days to arrange for it. And if you are a new customer it will take some time to fill out all the necessary forms due to our companies "know your customer" policy.
The Price for the shelf company varies depending on the incorporation date of the company.
For more detailed information about company formation in New York or "shelf" companies please contact us and our experts will be glad to help you in any question you may have. Our telephone number is + 357 22 680602 and e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..
