As a business owner in New York City, you have to go through a process of registering your business with the city. This process can be a bit confusing, but it’s important to do it correctly so that your business is properly registered and operated legally.
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To register your business in NYC, you’ll need to:
– Choose a business structure
– Obtain a business license
– Register your business name
– Get a tax identification number
– Open a business bank account
– Apply for any necessary permits or inspections
– Comply with any other city regulations
Let’s take a closer look at each step in the process.
Choose a business structure
The first step in registering your business is to choose a business structure. The most common business structures in NYC are sole proprietorships, partnerships, limited liability companies (LLCs), and corporations.
Obtain a business license
Once you’ve chosen a business structure, you’ll need to obtain a business license. The type of license you need will depend on your business activity. For example, if you’re going to be selling food, you’ll need a food license.
Register your business name
The next step is to register your business name with the city. This is called “doing business as” (DBA) registration. You can do this by filing a DBA certificate with the city clerk’s office.
Get a tax identification number
You’ll also need to get a tax identification number for your business. This is also called an Employer Identification Number (EIN). You can apply for an EIN online, by fax, or by mail.
Open a business bank account
It’s a good idea to open a separate bank account for your business. This will help you keep track of your business expenses and income.
Apply for any necessary permits or inspections
Depending on your business activity, you may need to apply for special permits or inspections. For example, if you’re going to be serving food, you’ll need to get a food permit.
Comply with any other city regulations
There are other regulations that may apply to your business, depending on your industry. For example, there are special regulations for businesses that deal with hazardous materials.
Following these steps will help you get your business properly registered in NYC.
