New york sole proprietorship

Before you get going, you should make sure you've followed all state and local requirements. This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the law. Starting a Sole Proprietorship in New York Like any new business venture, a sole proprietorship in New York must follow certain steps outlined by the state.

Select a business name. Form the sole proprietorship. Meet licensing and tax requirements. Ready to incorporate your business? Get started now. Related Articles.

Browse by category Bankruptcy. Name Change. Power of Attorney. Ready to begin? The owner is liable for all business operations. The owner does business in their own name or with a "trade name.

A general partnership is a type of business entity in which partners owners share the profits or losses of the business in which they invest. General partnerships normally conduct business under a trade name.

General partnerships almost always need a business certificate. All businesses can file for a certificate directly with the county clerk's office in the borough in which they are based. However, business owners should consult with an attorney to learn about the implications of various legal structures. Businesses must file a Certificate of Assumed Name if they operate under any name other than their name for incorporation. Click the following link for more information about Certificates of Assumed Name.

For more information, contact the county clerk's office in your borough. If your business, trade, profession, or occupation is carried on both in and out of New York State, items of income, gain, loss, and deduction included in New York source income must be apportioned and allocated to New York on a fair and equitable basis in accordance with approved methods of accounting.

Note: A Tax Bulletin is an informational document designed to provide general guidance in simplified language on a topic of interest to taxpayers. It is accurate as of the date issued. However, taxpayers should be aware that subsequent changes in the Tax Law or its interpretation may affect the accuracy of a Tax Bulletin. The information provided in this document does not cover every situation and is not intended to replace the law or change its meaning.

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