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North America Common Law 68+ treaties

Start your company New York, USA

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Why New York, USA?

Fintech and financial services founders

New York is the global financial capital: Wall Street, NYDFS BitLicense, the largest fintech hiring market in the US, and proximity to every major bank, exchange, and prime broker. For fintech, payments, capital markets, and insurance founders, NY presence is often a procurement and credibility prerequisite. NY State CIT is 6.5% general (8.85% in NYC) plus federal 21%.

Wall Street fintechNYDFS BitLicenseBank gravity

Media, creative, and culture industries

NYC is the US headquarters for traditional and new media: publishing, advertising, fashion, music, film, and streaming. For creative IP, talent representation, and culture businesses, NY incorporation matters for industry relationships, union compliance (SAG AFTRA, Writers Guild), and physical proximity to clients. The state's creative tax credits cover film, TV, music production, and post production.

NYC media capitalFilm tax creditUnion compliance hub

Founders with NY physical presence

If you, your team, or your customers are in New York, the state taxes you under the nexus rules regardless of state of incorporation. Forming in New York avoids stacking Delaware franchise tax on top of NY franchise tax, simplifies biennial Statement filings, and matches operational reality. Hudson Valley, Long Island, and upstate add lower cost geography while preserving NY corporate access.

BCL Inc.NY LLC LawBiennial statements

Considerations

If you want to avoid the LLC publication requirement

New York is the only US state with an LLC publication requirement (NY LLC Law §206): the LLC must publish notice of formation in 2 newspapers (1 daily, 1 weekly) in the county of registered office for 6 consecutive weeks, costing $1,000 to $2,000 typically. For LLCs without this overhead:

$1,000 to $2,000 publication cost6 week publication periodNewspaper certificate filing

If you want zero or low state tax

New York stacks NY State CIT 6.5% (or franchise tax minimum based on capital base) with NYC General Corporation Tax 8.85% if NYC sourced, plus NY personal income tax up to 10.9% and NYC tax up to 3.876%. Total state plus city burden can exceed 17%. For zero or low state tax:

NY 6.5% + NYC 8.85% CITStacked personal tax to 14.8%Heavy local compliance
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