Resources
Free Tax & Business Resources
Official links from the IRS and New York State. Questions? Ask Pablo, CPA.
IRS: S Corporation Benefits
An S corporation can let owners pay themselves a reasonable salary and take remaining profits as distributions, which may reduce self-employment taxes. It is not right for every business — ask us before you elect.
- S corporations — overview (IRS)
- About Form 2553, Election by a Small Business Corporation
- Form 2553 instructions (PDF)
- Apply for an Employer Identification Number (EIN) — free from the IRS
New York State Taxes — Individuals
New York State Taxes — Businesses & Corporations
- NYS business taxes
- NYS corporation tax
- Register as a sales tax vendor
- Sales tax Penalty and Interest Discount (PAID) program — deadline Dec. 31, 2026
How to Start a Business in New York
- Choose your structure — sole proprietor, LLC, corporation, or S corp. NY Department of State: Form a corporation or business
- File with New York State — NYS DOS online filing
- LLCs: complete the publication requirement within 120 days — Forming an LLC in New York
- Get your EIN from the IRS — Apply online (free)
- Register for sales tax if you sell taxable goods or services — NYS sales tax registration
- Check licenses and permits — NYS Business Express
- Elect S corporation status if it fits your situation — Form 2553
These links are provided for general information and are not tax or legal advice. Every situation is different — please consult with us before acting.
Not sure which structure saves you the most?
📞 Ask Pablo, CPA. A short call can save you thousands.