How Much Does It Cost to Form an S Corp in NY?

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Cost of Forming an S-Corp in New York

  • The cost to form an S-Corp in New York will vary depending on the services you use, such as an attorney or a filing service.
  • Generally, the cost for filing the Certificate of Incorporation will range from $50 to $200, and the cost for obtaining the Certificate of Authority from the New York Department of Taxation and Finance will range from $25 to $50.

Starting an S Corp in New York

  • In New York, S-Corporation is businesses’ most common corporate structure, especially start-ups.
  • Legal procedures should be taken into account when choosing your partnership name.

Tax Considerations for S Corp Owners

  • Every state has its own requirements for forming an S Corp.
  • Shareholders can write off any business losses in their income statements and report it on their individual tax returns.
  • Bottom line is the tax return should be filed by the deadline, which for S-Corps with a calendar year end, is March 15.

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