How To Set-Up Your Canadian Company in New York
Protect your Canadian company from lawsuits, reduce taxes and avoid immigration problems by following these nine steps for doing business in New York State:
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5. If you will be working in the U.S., retain an immigration attorney to obtain a visa and to work with your business attorney regarding incorporation of your company.
6. Retain a New York business attorney to incorporate your company and handle real estate transactions, lease, shareholder agreements and employee handbooks.
A business corporation may be formed by filing a certificate of Incorporation with the Department of State.
7. Provide your business attorney with:
- a. The names and addresses of the corporate shareholders, directors, officers and employees
- b. Company Name;
- c. Corp. ,Inc. or Ltd.
- d. U.S. business address.
After the corporate existence has begun, an organizational meeting of the incorporator must be held to adopt by-laws, elect directors and transact any other business. The corporation is required to keep:
- correct and complete books and records of account;
- minutes of the proceedings of its shareholders, board of directors and executive committee, if any; and
- a record containing the names and addresses of all shareholders, the number and class of shares held by each and the dates when they respectively became the owners of record thereof.
In addition, a meeting of shareholders must be held annually for the election of directors and the transaction of other business on a date fixed by the by-laws. By-laws and corporate books and records are not filed with the Department of State or any other state agency, but are internal documents maintained by the corporation.
Follow the Corporate Formalities Checklist
8. Buy or lease office or warehouse space in New York.
9. Follow the business start-up checklist
Robert Friedman of Friedman & Ranzenhofer, PC. working with a team of immigration attorneys, cpas with expertise in cross-border tax issues, real estate agents and bankers, provides a fast, efficient and cost-effective way for your Canadian business to get started in New York. His offices are conveniently located at the border in Niagara Falls, New York and throughout the Buffalo and Rochester area.
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