Register as a foreign entity in NY?

Business Forum

Running Your Business

Accounting & Financial Management

Register as a foreign entity in NY?

New Topic

Post Reply

Follow Topic

Page of 1

Author
Message

barryg9999

posts: 2

Mar 23, 2009 5:59 AM ET Quote Report Abuse

Points: 0 Vote

Help! I’m very confused and hoping that someone can help. I provide consulting and am setup under a LLC in NJ. A couple of my clients are in NYC.

I maintain a residence in NJ and do all of my work from my home, except for occasional meetings at the clients’ location in NY from time to time. My LLC’s bank account is in NJ as well as everything else for my business

Do I need to setup a foreign entity in NY, and declare these as income for NY taxes?

Any help or guidance is appreciated.

- Barry

menexis

posts: 50

Mar 23, 2009 12:59 PM ET Quote Report Abuse

Points: 0 Vote

Not sure what you mean by foreign entity in NY. YOu can setup a LLC in almost any state as long as you have some sort of address you can use to registerd the business. It could be a friends address in NY, just for registration sake.

But in all honesty, you are simply wasting time trying to registered a business in NY. If you are already registeed in NJ, why waste time. You can conduct your business operations in NY and file your taxes in NJ. The main thing is paying your taxes.

There are lost of large corporations that are registered in Delaware but only have an address there and conduct their oprattions else where.

KenRogers

posts: 46

Mar 23, 2009 1:28 PM ET Quote Report Abuse

Points: 0 Vote

If your location is in NJ and you come to NY for meetings, then there is no reason to register in NY.

barryg9999

posts: 2

Mar 23, 2009 1:38 PM ET Quote Report Abuse

Points: 0 Vote

This is a huge help. Thank you!

Page of 1

Post Reply

Keep the Community Clean!

StartupNation forums should be used as a platform to learn, educate others, share stories, tips & tricks and to provide constructive feedback.
Please do not use the Forums for advertising & blatant self-promotion.
Please be respectful to other members and refrain from personal attacks and vulgar language.
StartupNation reserves the right to delete any message, reply, and/or member who violates our terms of use.

Read full terms of use

Contact Us Privacy Terms of Use Become a Marketplace Provider Advertise Local Guides Site Map Home Business Start a Business

Business Forum

Forums: Discussions for entrepreneurs and small business.

Register as a foreign entity in NY?

Keep the Community Clean!