New York SBDC Research Network

From the New York State Department of Taxation and Finance : Background Corporations that have been delinquent in filing returns or paying taxes or fees for two consecutive years may be subject to sanctions imposed by the New York Secretary of State. New York State corporations may be dissolved by proclamation. Corporations that have been formed under the laws of another state or country (foreign corporations) may have their authority to do business in New York State annulled by proclamation. A corporation may regain its ability to do business in New York State through the reinstatement process. New York Tax Law sets the requirements for reinstatement of New York State corporations (section 203-a) and foreign corporations (section 203-b). Once the corporation is reinstated, it re-acquires the same powers, rights, and obligations it had before it was dissolved by proclamation or had its authority to do business annulled. Procedure for Reinstatement Call To start the re

The use of the following words and phrases are restricted or prohibited by statute* in the name of a Business Corporation (“BC”), Not-for Profit Corporation (“N-PC”), Limited Liability Company (“LLC”) and/or Limited Partnership (“LP”): academy cooperative institute preschool acceptance cooperation insurance redevelopment "America Espirito Sport Fraternite" council investment savings annuity doctor kindergarten school arboretum education labor secondary assurance elementary lawyer state police attorney endowment library state trooper bank exchange loan surety benefit fidelity mortgage tenant relocation blind finance museum title board of trade guaranty nursery school trust casualty handicapped Olympiad underwriter chamber of commerce historical Olympic union "Citius Altius Fortius" historical society Pan-American United Nations college history Paralympiad university community renewal incorporated Paralympic urban development conservatory indemnity

TSB-M-15(2)C, Transitional Filing Provisions for Taxpayers Affected By Corporate Tax Reform Legislation This memorandum explains transitional filing provisions for the 2014 and 2015 tax years for Article 32 and Article 9-A taxpayers affected by the corporate tax reform legislation that was signed into law as part of the 2014-2015 New York State budget. To view the entire document click on the link below: http://www.tax.ny.gov/pdf/memos/corporation/m15_2c.pdf TSB-M-15(3)C, (3)I, Real Property Tax Credit and Reduction of Tax Rates for Qualified New York Manufacturers This memorandum summarizes the corporate income tax benefits for qualified New York manufacturers contained in legislation that was signed into law as part of the 2014-2015 New York State budget (Part R) which created the manufacturer’s real property tax credit and reduced the corporate tax rates for qualified New York manufacturers. To view the entire document click on the link below: http://www.tax.ny.gov/p

This memorandum contains a summary of the corporation tax changes that are part of the 2013-2014 New York State budget. The changes contained in the memorandum are effective for tax years 2013 and after. This includes New York State Business Incubator and Innovation Hot Spot Support Act (Articles 9-A and 22), Chapter 59 of the Laws of 2013 (Part C) created the New York State Business Incubator and Innovation Hot Spot Support Act (the Act) to support companies in New York State that are in the early stages of development. The Act provides for operating grants and other assistance to New York State incubators and New York State innovation hot spots for the purpose of developing successful businesses in the state by providing technical assistance, direct mentorship, entrepreneurial education, and business development service s. In addition, new section 38 has been added to the Tax Law to provide for New York State innovation hot spot program tax benefits. View the entire document .

Businesses move all the time. If a move is in the cards for your business, what should you do? Maybe you’re expanding and are out of capacity at your current location, or maybe a move is for personal reasons. Maybe you want relocate to a state that is more favorable to small businesses, such a state without any income taxes. Moving a business raises many questions, particularly questions about legal and regulatory matters. In fact, some of the most common questions posted by small business owners to the SBA.gov Community are about the ramifications a relocation has on taxes, registration and incorporation. If you’re thinking of moving or have already relocated your business, here are some answers to some of those questions: Q: I operate an LLC. What steps do I have to take when I relocate? A: It’s always best to consult an attorney if you are moving your LLC to a new state since there are several options open to you that require careful consideration. Here are your choices:

A new private-public collaboration will help small businesses strengthen their revenue streams by gaining access to more than $300 billion in combined supply chain spending by a consortium of 15 of America’s largest corporations, the U.S. Small Business Administration announced today. Supplier Connection, created by the IBM Foundation, is part of the Obama Administration’s American Supplier Initiative and is designed to help bridge the gap between small, nimble businesses looking for new opportunities and large corporations looking for innovative new ideas and diversity in their supply chains. “The American Supplier Initiative is part of a comprehensive solution to grow small businesses, create jobs and to ensure that America has a strong, deep and diverse supply chain,” said SBA Administrator Karen Mills. “While it is clear that becoming a corporate supplier can lead to business growth, breaking in can be a challenge for small businesses. The Supplier Connection will be one tool

Here's a link to a <a href="http://www.coordinatedlegal.com/SecretaryOfState.html directory of all 50 states' Secretary of State sites.<br /> <br /> "Coordinated Legal Technologies has compiled the links on this page for legal professionals and others who are looking for quick access to the corporate information available in online searchable databases maintained by the Secretary of State for any given state. The extent of information available and the way in which it is present varies from state to state. Some states provide only a business name lookup, while others offer search by officer and director names, and UCC filing information. Please be sure to check the hosting state entity for more information about the type of content offered and the time periods covered."

Can one search for corporations in all 50 states at once? Well, no. But one can use KnowX.com , an LN company. As a librarian noted, "A multistate search is free and you can purchase individual or expanded records on a pay-as-you-go basis. Another option is a day pass. You could check for other KnowX pricing options. Also check coverage and updating information if those are key issues for you. Delaware is not included. Here is the blurb: "'Research Corporate Records, and Search for Company Public Record Information. Search Corporate Record filings from the Secretary of State Offices across the United States. The types of information included in the Corporate Records search are records related to corporations, limited partnership, limited liability companies, trademarks, reserved names, and more.'"

There are lots of information sources about corporations and executives, but I though this beta directory at Condé Nast Portfolio.com was quite nice. The site offers "company information, news, and financial data on more than 500,000 public and private companies" here ... .. and executive profiles, with "backgrounds, including employment history and compensation data, and news on more than 500,000 executives of leading public and private companies" here . And if you find that any of those executives should be incarcerated, why not send them this piece ( C.E.O. Survival Guide: Pre-Prison Prep ), to help them prepare for life in the slammer.