What legal steps are necessary to start a small business in New York?

To start a small business in New York, there are a few legal steps that must be followed. The following are the key legal steps required to start a small business in New York:

1. Choose a business structure: The first step in starting a small business in New York is to choose a business structure. Business owners can choose from a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each business structure has its own benefits and drawbacks, so it is important to speak with a lawyer or an accountant to determine which structure is best for your specific situation.
2. Register the business: Once a business structure has been chosen, the next step is to register the business with the New York State Department of State. Business owners must file Articles of Organization or Articles of Incorporation to register the business, and they must include information such as the name of the business, its purpose, and the names and addresses of its owners.
3. Obtain necessary permits and licenses: Depending on the type of business, owners may need to obtain certain permits and licenses from the state, county, or city. For example, restaurant owners may need a food service permit, while construction companies may need a building permit. It's important to research what permits and licenses are required for your specific business and obtain them before beginning operations.
4. Obtain an Employer Identification Number (EIN): Most businesses in New York are required to obtain an EIN from the Internal Revenue Service (IRS). This number is used to identify the business for tax purposes and is necessary if the business plans to hire employees.
5. Register for state and local taxes: Business owners must register with the New York State Department of Taxation and Finance to collect sales tax on goods and services sold within the state. In addition, some cities and counties may also require businesses to register for local taxes.
6. Obtain insurance: Depending on the nature of the business, owners may also need to obtain certain types of insurance, such as liability insurance or workers' compensation insurance.

It is important to note that these steps are not exhaustive and that additional legal requirements may apply depending on the nature of the business. It is always advisable to seek the advice of a lawyer or an accountant before starting a business in New York to ensure that all necessary legal steps are taken.