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  • Writer's pictureSean Hayes

Factors to Consider When Forming a Corporation in New York

New York businesses are not bound to incorporate within the state to operate within New York State. In fact, start-up businesses in New York should consider incorporating outside of New York-based on several factors for consideration.

Some choose to keep things simple by incorporating or forming an LLC in New York, while others opt for more "business-friendly" states and incorporate in Delaware, Nevada, or Wyoming. In some cases, even if you wish to establish a business in New York, it is advisable to form a company outside New York and enter New York as a foreign business - one of the many reasons is the New York may impose liability on company shareholders

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