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New York Company Formation

NEW YORK

LLC

C-CORPORATION

Type of Entity: Limited Liability Company Stock Corporation
Type of law: New York Consolidated Laws New York Consolidated Laws
Double taxation LLCs are not taxed at the corporate level. C-Corps are not taxed at the corporate level
Incorporation time frame: 6 - 7 weeks 4 - 6 weeks
Minimum Government fees: US$ 450 US$ 450
Regular Corporate Income Tax: 6.5% 1.5%
Minimum issued share capital : No No
Minimum paid up share capital on incorporation: No No
Minimum number of Shareholders required: One One
Minimum number of directors: One One
Company secretary required : Yes Yes
General Meetings of Shareholders: Yes Yes
Local Registered office required: Yes Yes
Tax residence to benefit from Tax Treaty network: No No
Exchange Control: No No
Disclosure of beneficial owner to Company Registrar: Yes Yes
Government register of directors: Yes Yes
Annual return: Yes Yes
Submission of accounts: No No
Audit: No No
Change of domicile Permitted No No

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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