To start a business in New York you have to align your desires and intentions with the statutory step-by-step process of registering a business in NYC.<\/p>\n\n\n\n
There are more than 2 million small businesses in New York state<\/a>, which employ 4 million people. These small businesses make up 99.8% of all businesses within the state and employ more than half the state’s workforce.<\/p>\n\n\n\n New York offers a number of opportunities to find talent, make connections, expand your business, try new ventures, above all, make money<\/a><\/strong>.<\/p>\n\n\n\n Before we list the process of registering a business in New York, let’s note some amazing facts about New York. <\/p>\n\n\n\n The economy of California is the largest in the United States, with a $3.2 trillion gross state product (GSP) as of 2019.<\/p>\n\n\n\n NYC houses the New York Stock Exchange (NYSE) and NASDAQ, the world’s two biggest stock exchanges by market capitalization and trading activity<\/a><\/strong>.<\/p>\n\n\n\n See the top 12 amazing facts about New York City.<\/p>\n\n\n\n New York is known as the Empire State due to its wealth of resources. With a gross state product of $1.44 trillion, the state stands right behind California and Texas to become the third-largest economy in the United States.<\/p>\n\n\n\n New York City is a global hub of business and commerce. It is a center for banking and finance, retailing, world trade, transportation, tourism, real estate<\/a><\/strong>, new media, traditional media, advertising, legal services, accountancy, insurance, theater, fashion<\/a><\/strong>, and the arts in the United States. <\/p>\n\n\n\n According to the Small Business Administration<\/a> (SBA), New York state is home to 2.1 million small businesses and 4 million small business employees, which is more than 50 percent of the private workforce. <\/p>\n\n\n\n If you’re considering doing business in New York, here are a few reasons to register your business in NYC.<\/p>\n\n\n\n SEE ALSO: How to Start a Business in Arizona 2022: The Ultimate Guide, Step-by-Step<\/a><\/strong><\/p>\n\n\n\n With a plethora of entrepreneurs in the state, the ground is super conducive for startups. This is so because of the healthy business-friendly system that compliments competition.<\/p>\n\n\n\n New York have instituted several tax benefits and incentives to help ease the burden on small business owners. START-UP NY allows new businesses to operate tax-free if they\u2019re located on or near certain universities in the state. <\/p>\n\n\n\n Also, the New Markets Tax Credit Program<\/a> gives money to businesses and real estate developers to create jobs and foster community development in low-income neighborhoods throughout New York State.<\/p>\n\n\n\n READ ALSO: How to Start a Food Truck Business in 2022: The Ultimate Guide, Step-by-Step<\/a><\/strong><\/p>\n\n\n\n Being a state full of buzzing entrepreneurs, the opportunity to network amongst professionals is endless in New York.<\/p>\n\n\n\n NYC is regarded as a melting pot of cultures with people from all over the world calling it home. This diversity has long been regarded as one of New York City\u2019s strengths and can be seen in the diverse number of enterprises operating here.<\/p>\n\n\n\n Besides being a financial hub, the city is also renowned for being the epicenter of art, culture, and fashion. Whether you\u2019re affiliated with the world of finance or introducing a new product, New York City is the ideal place.<\/p>\n\n\n\n At the local and state level, regulatory agencies provide support to existing and new businesses through access to capital for innovation and growth projects.<\/p>\n\n\n\n It\u2019s not about one company, it\u2019s about the ecosystem: capital, talent, suppliers, and customers all close at hand. This is what creates a win-win culture that helps us develop and helps the city and state achieve their agenda.<\/p>\n\n\n\n To register your business in New York, there are statutory steps to follow. In a few lines to come, we’ll carefully explain the steps to take if you want to kickstart your business in New York.<\/p>\n\n\n\n Starting a business in New York requires working with both state and local governments.<\/p>\n\n\n\n If you wish to start a business in New York, here are the steps to follow:<\/p>\n\n\n\n You can choose out of the 3 basic business structure options.<\/p>\n\n\n\n Before you go on to choose a business name<\/a><\/strong>, ensure that the name aligns with your idea and structure. In addition, make sure the name is easy to pronounce and retain.<\/p>\n\n\n\n Lastly, before you arrive at a name, search to know if the name is available and fit for usage.<\/p>\n\n\n\n After choosing a business structure and name, the next thing to do is to register the business. You can either register your business as an LLC, Incorporation, or DBA.<\/p>\n\n\n\n New York requires a company to use its true legal name to conduct business \u2013 any company seeking to use a name other than its legal name must file for a DBA.<\/p>\n\n\n\n The Federal Employee Identification Number is required for corporations and LLCs and optional for DBAs.<\/p>\n\n\n\n However, if you are a DBA and don\u2019t obtain an EIN you will be forced to use your Social Security Number on many documents so it\u2019s typically recommended you obtain the EIN to prevent identity theft.<\/p>\n\n\n\n To obtain an EIN you can apply online<\/a> with the IRS or via IRS Form SS-4<\/a>.<\/p>\n\n\n\n To register a business you need to obtain a permit from the state to operate. Visit the NYS Business Wizard<\/a> to apply for the right license or permit.<\/p>\n\n\n\n Whether you are starting a new business or purchasing an existing one, you will need some basic information about New York State\u2019s Tax Law and regulations. The New York State Tax Guide for New Businesses<\/a> (Publication 20) outlines the procedures to follow and the forms to file with the New York State Department of Taxation and Finance (the Tax Department). This publication also contains valuable information for those purchasing an existing business or purchasing assets from an existing business.<\/p>\n\n\n\n In addition, your business must register with the tax department.<\/p>\n\n\n\n Employer Insurance Obligations<\/strong><\/p>\n\n\n\n Other Insurance<\/strong><\/p>\n\n\n\n Certainly, there are available support options for new businesses in NYC.<\/p>\n\n\n\n Start-Up Assistance<\/strong><\/p>\n\n\n\n How to accessing capital and incentives<\/strong><\/p>\n\n\n\n For corporations, limited partnerships, and limited liability companies, who must file with the State, the filing fee is $25, though corporations must also pay an additional county-specific fee. The corporation county fee is $100 for any county in New York City and $25 for any other county in New York State.<\/p>\n\n\n\n New York is full of startups that create new business models, develop new industries and come up with ideas that positively transform the economy.<\/p>\n\n\n\n Any business idea can be great and successful if it\u2019s solving a specific audience\u2019s core problem and creating value. <\/p>\n\n\n\n Nonetheless, here’s a list of easy business ideas you can start in New Yrork.<\/p>\n\n\n\n Here goes the list of small business ideas for New York City:<\/p>\n\n\n\n Freshly cooked homemade food during lunchtime is an awesome treat for people at work, but time limitation doesn\u2019t allow them to travel long for it. <\/p>\n\n\n\n Offering a service whereby they can subscribe for a weekly or monthly package online and get the lunch delivered every day, right before the lunch break can be a great business in New York City.<\/p>\n\n\n\n Even though it\u2019s a developed sector already, topping up your service with unique offers can bring you a huge customer base. Do not just stick to overseas tours, luxury travel, and cruise international deals, but also find the exotic places to explore nearby or across the state!<\/p>\n\n\n\n The rich in New York City has so many things to think about. Sometimes they don\u2019t provide due attention to their properties and have difficulty in managing them. Find them and offer them your exclusive services!<\/p>\n\n\n\n Though too many recruitment agencies are already there, and the presence of web portals makes it quite a saturated market, there\u2019s still a huge gap that needs to be filled. <\/p>\n\n\n\n Specialized recruitment companies are very few as they offer their services for a minimal set of industries. Get hold of two or three relevant industries and set up your unique presence with better value delivery.<\/p>\n\n\n\n The biggest concerns of working parents are their kids\u2019 safety and security when they are away from work. Thus, daycare centers<\/a> provide the best option for them. Not only does it ensure the child is safe, but it also makes them learn good things.<\/p>\n\n\n\n As people are getting so busy with their professional lives that there is hardly any time to look after the home. <\/p>\n\n\n\n Thus, in such circumstances, that option of maids, cleaning service, and handyman jobs comes handy and is affordable. Establishing such a company is easy and can prove quite successful within a short time frame.<\/p>\n\n\n\n There are many reasons for celebration in the day to day life, snacks and cakes constitute an important part of all celebrations. <\/p>\n\n\n\n Yes, there may be tens of others offering the same services, but if you\u2019re a master of the skill, you can get a bigger market share with a simple Facebook Ad campaign even.<\/p>\n\n\n\n As there\u2019re too many reasons to celebrate everyday events, there\u2019re too many ways to do so. A bouquet is one most powerful ways to express your joy on occasion, but no one can always afford to go to a florist! This is what makes it an amazing business idea.<\/p>\n\n\n\n Related post: How to Start an Online Boutique in 2022: The Ultimate Guide, Step-by-Step<\/a><\/strong><\/p>\n\n\n\n Selling on Amazon<\/a> and eBay is a quick and fine way to start your online trading business, but you must have something awesome to sell at an amazing price to succeed in the business.<\/p>\n\n\n\n If you\u2019ve expertise in content, marketing, or web development, you can make your own empire in a limited time. <\/p>\n\n\n\n Let it be a content agency, a business networking portal, or a marketing platform. All you need is a product\/service that attracts a bigger audience!<\/p>\n\n\n\nAmazing facts about New York<\/strong><\/span><\/h2>\n\n\n\n
Why Should I Start A Business in New York: Facts about New York<\/strong><\/span><\/h2>\n\n\n\n
#1 Perfect environment for startups<\/strong><\/span><\/h3>\n\n\n\n
#2 Tax benefits<\/strong><\/span><\/h3>\n\n\n\n
#3 Endless networking opportunities<\/strong><\/span><\/h3>\n\n\n\n
#4 Diversified options<\/strong><\/span><\/h3>\n\n\n\n
#5 New York Fuels Innovation and Growth<\/strong><\/span><\/h3>\n\n\n\n
How To Register A Business in New York<\/strong><\/span><\/h2>\n\n\n\n
How To Start A Business in New York<\/strong><\/span><\/h3>\n\n\n\n
#1: Decide on a Business Structure<\/strong><\/span><\/h3>\n\n\n\n
#2: Choose a Business Name<\/span><\/h3>\n\n\n\n
#3: Register the business<\/span><\/h3>\n\n\n\n
How to form an LLC in New York<\/strong><\/span><\/h4>\n\n\n\n
TIP:<\/strong> Speak to your tax advisor about this important issue because it adds complexity to your LLC most people would rather avoid.<\/li><\/ul>\n\n\n\nHow to Incorporate in New York<\/strong><\/span><\/h4>\n\n\n\n
How to File a DBA in New York<\/strong><\/span><\/h4>\n\n\n\n
#4: Obtain your Federal Employer Identification Number<\/strong><\/span><\/h3>\n\n\n\n
#5: Apply for licenses<\/strong><\/span><\/h3>\n\n\n\n
#6: Determine Your Tax Obligations<\/strong><\/span><\/h3>\n\n\n\n
#7: Get an insurance<\/strong><\/span><\/h3>\n\n\n\n
Are There Available Start-Up Assistance For New Businesses In New York?<\/strong><\/span><\/h2>\n\n\n\n
How Much Does It Cost To Register A Business In New York?<\/strong><\/span><\/h2>\n\n\n\n
What Type of Business Can I Start In NYC?<\/strong><\/span><\/h2>\n\n\n\n
#1 Home Cooked Food Delivery<\/strong><\/span><\/h3>\n\n\n\n
#2 Luxury Travel Planner & Discount Deals<\/strong><\/span><\/h3>\n\n\n\n
#3 Property Management<\/strong><\/span><\/h3>\n\n\n\n
#4 Specialized Recruitment Agency<\/strong><\/span><\/h3>\n\n\n\n
#5 Daycare\/Childcare Business<\/strong><\/span><\/h3>\n\n\n\n
#6 Maids\/Cleaning\/Handyman Services<\/strong><\/span><\/h3>\n\n\n\n
#7 Bakery\/Custom Cakes\/Snacks Shop<\/strong><\/span><\/h3>\n\n\n\n
#8 Online Florist\/Flowers Delivery Service<\/strong><\/span><\/h3>\n\n\n\n
#9 Online Trading<\/strong><\/span><\/h3>\n\n\n\n
#10 Being Webpreneur<\/strong><\/span><\/h3>\n\n\n\n