Opening a business bank account

3 pointsby kuap17 anni fa4 comments

We are working on our Internet startup, formed an LLC in Delaware, but we are physically located in NYC. We want to open a business bank account for our company and we are being asked to file for an "Application for Authority" to be able to "do business in NY". Otherwise we need a letter signed by a CPA stating that the company will not "do business" in NY. As an internet service provider we are aware of what "do business" really means.

Does anyone know?

Best,

Pau

4 comments

kynikos17 anni fa

It seems bank information here is scant. I had actually made an "Ask HN" post and only got 1 response :(

I'm in a similar situation...team is remote, I'm in NY and we're INC'd in DE. We're actually using HSBC Small Business for banking now. Go into your local branch and they can tell you what you need. From my experience, we had to submit: Application for Authority showing my ability to do business on behalf of our legal entity, DBA filed in New York, opening deposit, and proof/cert of incorporation.

kuap17 anni fa

My question is: do you really "do business" in new york? because i found the definition of what is not doing business in ny state, and I would be only operating a bank account... http://law.justia.com/newyork/codes/limited-liability-compan...

kuap17 anni fa

What is the cost (time and money) of going through the process of getting the application for authority?

krschultz17 anni fa

If you prepend your title with [ASK HN] you will get more responses