Business incorporation in New York on the rise

They say people who can make it there can make it anywhere – which may be especially true for entrepreneurs as the odds are relatively against them in New York. According to PowerHomeBiz.com, the state does not boast one of the nation’s friendliest business environments.

Nonetheless, in a recovering economy, it seems many business owners are taking a shot at business formation in the state. BizJournals.com reports that more entrepreneurs applied for incorporation in New York during March 2010 than March 2009.

The Division of Corporations received a total of 12,999 applications for incorporation in the month of March alone – up from 12,055 during the same period last year.

Maybe the state is becoming more small-business friendly. NewYorkLovesSmallBiz.com quotes Governor David Paterson as saying that New York officials are committed to helping SMBs, “sustain their economic standing” and guide them toward “future growth and success.”

Or maybe the recovering climate – which means more revenue and, subsequently, more taxes – is leading many entrepreneurs to consider the tax benefits of business incorporation more carefully. No matter where a business owner wants to incorporate, online incorporation services can help them learn about the best states and entities to maximize a specific company’s benefits.