A corporation or LLC that fails to file its Biennial Statement will be reflected in the New York Department of State's records as past due in the filing of its Biennial Statement.
How do you start a corporation? Select a business name. Ensure the corporate name you plan to register is not already in use. Designate a board of directors. File articles of incorporation. Draft corporate bylaws. Obtain an Employer Identification Number (EIN). Issue stock.
New York C Corporation: Everything You Need to Know File a Certificate of Incorporation with the Department of State. Create bylaws. Report taxes and other employee information. Request a Federal Employer Identification Number from the Internal Revenue Service (IRS). Apply for business permits and licenses.
In summary, LLCs offer more flexibility in management and taxation, while corporations have a more standardized structure that may be better suited for businesses seeking outside investment.
602. Meetings of shareholders. (a) Meetings of shareholders may be held at such place, within or without this state, as may be fixed by or under the by-laws, or if not so fixed, at the office of the corporation in this state.
Bylaws are internal documents, so they don't need to be filed with the New York Department of State like your Certificate of Incorporation. But even though the state government may never see your bylaws, they're still legally required for all New York corporations.
Section 719 - Liability of directors in certain cases (a) Directors of a corporation who vote for or concur in any of the following corporate actions shall be jointly and severally liable to the corporation for the benefit of its creditors or shareholders, to the extent of any injury suffered by such persons, ...
Paragraph (b) of section 708 of the business corporation law is amended to allow a director to give their written consent for the board to take actions without a formal meeting via electronic means.
Paragraph (b) of section 708 of the business corporation law is amended to allow a director to give their written consent for the board to take actions without a formal meeting via electronic means.