North America Common Law
Founders with NY physical presence, New York, USA
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
Start setup {placement} 4 min · no card required
Corp tax
21%
Fastest setup
5-15 days
Tax treaties
68
Region
North America
What you'll need
- No resident director required
- Remote-friendly, no local office
- No substance requirement
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 21%
- Effective rate ~30%
- Tax treaties 68
- VAT rate 8.875%
- Withholding on dividends 30%
Key treaty partners
UKCanadaGermanyFranceJapanAustralia
Banking and payments
- Banking is straightforward
- Stripe supported
- Mercury supported
- Wise supported
- Crypto banking available
- EMI license framework available
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