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What regulations should I follow to start a small business in New York?

Picture of Chris Battis By   ·  1 minute read

To start a small business in New York, you will be required to follow several regulations. Here are some essential steps to get started:

  1. Choose your business structure: You need to choose a business structure, such as Sole Proprietorship, Partnership, Limited Liability Company (LLC), or Corporation. Each business structure has its benefits and downsides, so it's essential to consult an attorney or accountant to determine which is right for you.
  2. Register your business: To register your business, you need to file the appropriate documents with the New York Department of State. The registration forms will vary depending on your business structure, and you may need to obtain specific permits or licenses to operate your business legally.
  3. Obtain the necessary licenses and permits: Depending on your business, you may need to obtain specific licenses or permits. For example, if you plan to sell alcohol or cigarettes, you must obtain a license from the New York State Liquor Authority or New York State Department of Taxation and Finance, respectively.
  4. Register for taxes: Every business must register for federal, state, and local taxes. You will need to apply for a federal employer identification number (EIN) from the IRS and register for New York State and City taxes through the Department of Taxation and Finance.
  5. Follow employment laws: If you plan on hiring employees for your business, you must follow New York state and federal employment laws. This includes offering workers' compensation insurance, withholding payroll taxes, and complying with wage and hour laws.
  6. Comply with zoning laws: Depending on your business activities, you may need to comply with zoning laws. Zoning regulations can vary by location, so it's crucial to check with your local zoning board to ensure you're operating in the correct zoning area.

In summary, starting a small business in New York requires following several regulations and obtaining certain licenses or permits. To ensure that you're complying with all legal requirements, it's essential to consult an experienced attorney in New York who can guide you through the process.