General tax structure - In general, corporations file franchise tax returns on an annual basis. The type of return filed depends on the type(s) of business conducted by the corporation.
A domestic corporation (incorporated in New York State) is generally liable for franchise taxes for each fiscal or calendar year, or part thereof, during which it is incorporated.
The property tax is by far the largest tax imposed by local governments in New York State, representing 79% of all local taxes outside of New York City. The property tax is a locally-controlled revenue source.
Businesses which pay employees must register with the state and pay state unemployment and withholding taxes. Self-employed individuals who pay themselves wages from their business are also subject to unemployment and withholding taxes.
Sales taxes - New York has 4% state sales tax. Local cities and counties can add another 4.5% and the Metropolitan Transit Authority adds another 0.375% for a total of up to 8.875%. New York allows local governments to determine their own sales tax exemptions resulting in a confusing definition of what is and is not subject to sales tax and varied rates allocated to your business according to the county or city in which you find yourself.
Business licenses - There are some statewide licensing requirements for specific industries and professions, most are administered by the governor's office. Your business may be subject to local permits and licenses in the county, city, town, or village where your business is located and where it will be transacting business.
Information Links –
New York State Sales Tax Rates and Requirements
NY State Dept of Taxation - Business - Most tax related questions
The Governors Office of Regulatory Reforn - Information on specific industry regulations
New York State - Division of Corporations - Information on starting an LLC or corporation (hover over 'I Would Like To' then 'Form a Limited Liability Company'). A limited liability company may be formed by filing Articles of Organization pursuant to Section 203 of the Limited Liability Company Law.
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