The New York Secretary of State is responsible for maintaining records related to corporations doing business in New York. These include filings such as articles of incorporation, amendments, and corporate resolutions. Corporations must file their annual reports with the secretary of state’s office no later than the financial reporting date. Filing fees vary depending on the type of entity.
Once the corporation files its reports, it becomes active for another year. During this time, the corporation must pay taxes on income earned during the period from the financial reporting date to the end of the following year.
Table of Contents
The Benefits of New York Secretary of State in Your Business
1. A great way to get started
New York Secretary of State’s office provides many services to help people register their businesses online. You can find out if your business name is available, search for existing companies using similar names, file documents electronically, check your personal information, and much more.
2. Protecting consumers
You can use the website to ensure your company complies with state laws. If you have any concerns about whether your business complies with state law, you can contact the department to resolve them.
3. Keeping track of taxes
If you’re self-employed, you’ll need to keep track of your income tax payments. The Department of Taxation & Finance offers free eTax filing, where you can enter your data once and then download a copy of your return at no cost.
4. Making government work for you
The Department of Motor Vehicles (DMV) helps you renew your driver license, car registration, and vehicle inspection stickers. DMV also offers a variety of services to help protect drivers’ rights, including the Driver License Information System, which lets you know if someone else has been driving your vehicle without permission.
5. Getting answers fast
When you call the DMV, you’ll speak with a live person who can answer questions and provide advice. You can also send mail requests to the agency via email, fax, or regular mail.
6. Online access
The Department of Motor Vehicle offers online tools to help you manage your records. You can view your driving record, pay fines, renew tags, and apply for licenses online.
7. Free service
The Department of Motor vehicles offers free services to help you comply with state regulations.
Create your LLC Corporation with just 3 easy steps
How can secretary of state help my business in new york
1. NYS Department of Taxation & Finance (NYSDOTF)
The New York State Department of Taxation and Finance (NYSDOT&F) provides tax information and services to businesses and individuals doing business in New York state. Services provided by NYSDOT&F include: filing taxes; paying taxes, obtaining refunds, collecting sales and use taxes; and providing electronic payment options.
2. New York State Division of Corporations (DCO)
The DCO is responsible for administering the laws governing corporations, partnerships, LLC’s, associations, and unincorporated organizations. These entities provide legal protection to their owners and shareholders, allow them to limit personal liability for debts incurred by the entity, and protect creditors’ rights.
3. New York State Department of Financial Services (DFS)
The DFS regulates financial institutions, including banks, savings, and loans, credit unions, insurance companies, mortgage brokers, money transmitters, check cashers, pawnbrokers, debt collectors, and payday lenders.
4. New York State Banking Department (Banking Dept.)
The Banking Dept. licenses and supervises banking activities throughout the state. Banks may not offer certain types of products or services without first being approved by the department. In addition, they are subject to examination by the department at any time.
5. New York State Insurance Department (Insurance Dept.)
The Insurance Dept. regulates the insurance industry in New York. Insurers must file annual reports with the department, pay premiums based on risk classification, and comply with various consumer protections.
6. New York State Office of General Services (OGS)
The OGS administers the government-owned property and real estate throughout the state. Property owned by the state includes buildings, land, vehicles, equipment, supplies, furniture, fixtures, and office equipment. Real estate managed by the OGS has public housing developments, community facilities, and commercial properties leased by the state.
7. New York State Liquor Authority (SLA)
The SLA is responsible for enforcing liquor laws in New York. Its duties include inspecting establishments where alcohol is sold, monitoring advertising practices, and ensuring that alcoholic beverages are appropriately labeled and stored.
Frequently Asked Questions
How do I search for a business name?
To search for a business name, you should use the following terms:
– Business Name (e.g., “The New York Times”)
– Company Name (e.g. “New York Times Inc.”)
– Trade Name (e.g., “Times Square” or “The Times”)
– Generic term (e.g., a word that describes your product)
Is an LLC Needed in New York
The answer is yes! You need to register your business as an LLC if any of the following apply to you:
-You have employees (including contractors) who work at least 20 hours per week.
-Your annual gross revenue exceeds $100K.
-You plan to sell products or services to customers outside of NY state.
If none of these conditions apply to you, then registering your company as a corporation may suffice. If you’re not sure whether you qualify, contact us today to find out.
James Rourke is a business and legal writer. He has written extensively on subjects such as contract law, company law, and intellectual property. His work has been featured in publications such as The Times, The Guardian, and Forbes. When he’s not writing, James enjoys spending time with his family and playing golf.
