New York Company Incorporation Guide (LLC/Corporation)

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[Establishment cost]

LLC: USD1,800

Corporation: USD 2,000

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[Extra cost]

Newspaper announcement USD350

* In New York State, the articles of incorporation must be published in a newspaper at the time of incorporation and a proof of publication must be provided.

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[Advisory and arrangement services related to bank account opening]

Cyprus Seker bank account: USD 400

Tennessee Bank Account: USD2,000

Florida bank account: USD 2,000 (in person required)

California bank account: USD2,000

New York bank account: USD2,000

Nevada bank account: USD2,000

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Estimated lead time for establishment: 4-7 business days

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Company incorporation includes:
1. Registration of establishment
2. Preparation and advice of documents required for establishment, such as operating contract, certificate of equity, articles of incorporation, and first resolution of the board of directors
3. New York company registration fee and state filing fee
4. New York company address and mail service 1 year
5. New York company business contact (agent) registration service 1 year
6. Issuance of an Employer Identification Number (EIN)

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Bank account opening service:
Cyprus Seker bank account: USD 400
Tennessee Bank Account: USD2,000
Florida bank account: USD 2,000 (in person required)
California bank account: USD2,000
New York bank account: USD2,000
Nevada bank account: USD2,000

[Annual renewal fee]

LLC: USD 1,200
​ Corporation: USD1,400

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Annual renewal includes:
1. Annual Return
2. New York company address and mail service 1 year
3. New York  company  Business contact (agent) registration service 1 year

Additional services (separate estimate):
1. ITIN issuance
2. Issuance of Sales Tax Registration and Resale Certificates
3. Federal Tax Return and Form 5472
4. Accounting Services

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Establishment Requirements:

There must be at least one shareholder and director, and one person can concurrently serve as a shareholder and director.

No restrictions on the nationality of shareholders or directors at the time of establishment

Depending on the industry, establishment may not be possible or a license may be required, so prior confirmation is required.

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Requirements and documents required for company incorporation:

1. A copy of the shareholder/director's passport

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2. Two types of documents for the most recent (within 3 months) address in English for shareholders/directors
   - Residency in Korea: English certified copy (community center) + Scan the front/back of the driver’s license  ( View sample )
   - Residence in another country: Utility Bill + Bank Statement (or equivalent official document)   ( View sample )

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3. Fill out the company incorporation application

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Procedure:
1. Submit the required documents for the shareholder/director to be registered:

2. Payment of establishment cost
3. Confirmation after confirming company name availability
4. Sign the company establishment document prepared by our company and send it by international mail
5. Proceed with establishment after receiving documents
6. Company establishment within 4-7 days after receipt of documents​ completion

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​ *If you wish to open an account after establishment, please contact us in advance.