Skip to content
Ask a question
All posts

What legal steps should I take before starting a business in New York?

Picture of Chris Battis By   ·  1 minute read

Legal Steps to Take Before Starting a Business in New York

Starting a business in New York entails several legal steps to be followed. Here are some of the key legal steps that entrepreneurs need to consider:

  1. Choose a Business Structure: The first step to start a business is to choose the right business structure. There are several types of business structures available in New York, including sole proprietorship, partnership, limited liability company (LLC), corporation, and nonprofit.
  2. Register Your Business: Before starting your business, you must register it with the New York State Department of State. Depending on the type of business, you may also need to register for other state and local licenses and permits.
  3. Obtain Necessary Licenses and Permits: Certain types of businesses require specific licenses and permits to operate legally in New York. For example, restaurants require food service permits, while medical practitioners require professional licenses.
  4. Comply with Tax Obligations: All businesses in New York are required to register with the New York Department of Taxation and Finance and obtain a tax ID number. Moreover, depending on the type of business, you may need to collect and remit sales tax, payroll tax, and other taxes.
  5. Protect Your Intellectual Property: Intellectual property (IP) refers to creations of the mind, including inventions, literary and artistic works, and symbols, names, and images used in commerce. You may need to register your trademark, copyright, or patent with the United States Patent and Trademark Office to protect your IP.
  6. Draft Contracts and Agreements: To protect your business interests and prevent disputes, you may need to draft contracts and agreements. Examples of such documents include employment contracts, lease agreements, and purchase contracts.

In summary, starting a business in New York requires diligent attention to legal requirements and steps. It is recommended to seek the assistance of a licensed attorney to ensure compliance with applicable laws and regulations.