New York is not about skyscrapers and bustling streets. It is one of the most growth-driven marketplaces as well. Businesses from across the world eyes this ever-growing and evolving market and want to have a presence in this Empire State. Being the home of the New York Stock Exchange and NASDAQ, it is considered as the world’s largest financial center. New York’s business community is indeed one of the most close-knit and supportive. 

All these factors fuel the growing affinity of enterprises towards New York. If impressed by all these things, you are also planning to open and operate your business from New York; then this article is what you should refer to first. Here, we will discuss all the legal, infrastructural, and other prerequisites of opening a business in New York. 

What are the legal requirements to be met in the process? 

Before anything else, you need to meet certain legal requirements of business set-up and operations. 

• Find out the DBA or ‘Doing Business As’ at the beginning. Decide between whether you want to open up a branch of your business or US subsidiary. Most of the international businesses choose the latter one. 

• Decide your business name and get it registered. Here, in New York, you get a default registration service, the Secretary of State. You can either choose it or can hire other independent key players. If you are going to open up an LLC, then you need to file the ‘Articles of Organization’ with the New York Division of Corporations. In the case of incorporation, you need to file for ‘Articles of Incorporation’ with the same governing authority. 

• You must obtain your Federal Employer Identification Number and get your business insured. 

• Obtain a business license and open a company account. 

What are the workforce requirements to be met in the process? 

To operate your New York business, you must have an army ready for a skilled workforce. Many staffing agencies can help you out in the process.

Apart from having a skilled team at your disposal, you need to meet some of the worker safety rules and regulations. Workers' compensation, liability, and disability insurance are some of the insurances that must take on board while dreaming of having owned a successful New York-based business. Also, you need to withhold taxes and pay on their behalf.

What are the infrastructure requirements to be met in the process? 

To have successful and streamlined operations, you need to have an office space in New York. You can either go with a shared working space or sublease the property and build the office there. However, in both cases, you need to invest a huge amount of money in efforts. The process is time-consuming too.

For a start-up, having ready-to-invest finance always remains a huge matter of concern. The lack of proper finance was the downfall of more than half of the start-ups. If you don’t want to see your business on that list, then the ideal way is to invest in the cloud telephony rather than building an office. 

By using a Virtual phone number, you can set up a dedicated and fully-featured virtual office in any part of the world. Even if you don’t have huge investments to build/sublease an office for the team at work, you can let them work-from-home using the cloud telephony. 

In the case of cloud telephony, all the telephony components are deployed on the cloud-space, and you can take the benefits of all the high–end communication tools by paying for international phone numbers. You can get the phone number of your operational area code.

For instance, if you have registered your office with 212 area code for your virtual number, people will think that you are operating from the same region. 

What to do for that?

Get an Online phone number of the same area code easily. 

So, once your agents, located at scattered locations, will call from this number, the callers will think that they are getting calls from somewhere within the 212 area code. 

They can do real-time document sharing, collaborate with the rest of team members easily, get hold of every detail, participate in the meetings, and do whatever they can do being under a roof called ‘office.’ As you get a whole reporting and analysis feature suite, you can monitor their performance from a distance. 

Cloud telephony comes with commendable data-driven device compatibility. So, you need not invest in business-specific hardware. Your team can use their mobile phones, tablets, PC, or laptop for the job. In short, if you choose cloud telephony as your basic communication tool, then you can save a fortune on the infrastructure investments and open & operate your New York-based business with full capabilities.

Final words 

New York is the place where success is sure. However, you need to play smartly and diligently to taste success. Make sure you meet all the legal requirements beforehand. Using cloud telephony for communication is indeed the ideal way to cut down the infrastructure cost while having par excellent communication.