Why should I incorporate my business in New York?
Incorporating or forming an LLC in New York means that the business becomes a separate legal entity. This provides a number of benefits. It helps protect the owners personal assets because, in most cases, its owners are responsible only for amounts invested or business obligations personally guaranteed. Operating as a corporation or LLC provides increased tax planning options. And, LLCs and corporations often enjoy enhanced credibility with lenders, potential customers, vendors and employees. If your principal place of business is New York, incorporating there may be most cost-effective and lessen your administrative obligations going forward.