What is a Business Registration Certificate?
Preparing and filing a business registration certificate is the first step towards starting a business. Each business entity requires a different “certificate”.�For this post, we will focus on the two most popular types of business entities in New York, a corporation and a limited liability company (LLC) (What is a LLC?).
Generally speaking, a business registration certificate is what allows the state to identify and recognize your business as a separate legal entity. Upon the successful completion of the filing process, the state will confer the legal benefits of registration on your business. So what type of information is contained within the certificate?
Business Registration Certificate – Corporations
Corporations file a “Certificate of Incorporation” with the Secretary of State. On this certificate, you will need to provide the following:
- The name of the corporation,
- The purpose of the corporation,
- The number of shares of the corporation,
- The business address,
- The county of the business.
Business Registration Certificate – LLCs
LLCs file “Articles of Organization” with the Secretary of State. Despite the name, the information is nearly the same as a Certificate of Incorporation. For the Articles of Organization, you will need to provide the following:
- The name of the LLC,
- The business address,
- The county of the business.
For both business registration certificates, you will need to provide the name and address of the individual(s) filing the paperwork. The “Incorporator” files on behalf of a corporation. The “Organizer” files on behalf of a LLC.
Lastly, you will also need to submit the New York State filing fee, which varies by entity and changes periodically. However, filing the certificate and paying the fee are not the only steps to registration. We will cover those additional steps in a future post.
For more information about the preparation and filing of business registration certificates, including our Flat Fee pricing for business formation, please contact our office for a free consultation.
Disclaimer: This blog is made available by Kloss, Stenger & LoTempio for educational purposes only. It is not intended to provide legal advice nor form any attorney client relationship between the reader and Kloss, Stenger & LoTempio. You should always seek professional advice from a licensed�attorney for any legal questions you may have.
August 17, 2018 @ 6:44 am
Prior to beginning another organization or business, you need to take after and take in some fundamental strides to proceed with no disarray. At the principal, “Picking Business name” is the primary concern. You can even pick 4-5 organization names while applying. Additionally the organization name you pick ought not look like with some other outsider names.