New York!

 
   Corporate Name Endings
     * The name must contain one of the following words or an
       abbreviation thereof: "corporation", "incorporated", "limited".
       The name may not be same as that of any domestic or authorized
       foreign corporation or reserved name or so similar thereto as to
       be confusing. The name may not contain any word or phrase
       indicating that corporation is formed for any purpose other than
       purpose for which corporation may be and is formed. The use of
       certain enumerated words and abbreviations including banking,
       insurance and various professions is prohibited or restricted.
       
   Articles of Incorporation Requirements
     * Director Information
          * Minimum Number - Three or more, except if the corporation is
            owned by less than 3 shareholders, in that case the
            corporation may have less than three directors but that
            number may not be less than the number of shareholders
          * Residence Requirements. - No provision.
          * Age Requirements - Must be 18 years old.
          * Directors are required to be listed in the articles of
            incorporation.
     * Officer Information
          * The officers are not required to be listed in the articles of
            incorporation.
     * Stock Information
          * An increase in the shares may cause an increase in the
            initial filing fee.
       
   Yearly Requirements
     * Annual Statements
          * Each domestic corporation and foreign corporation authorized
            to do business in New York must file a biannual statement of
            addresses and directors. The applicable filing period for a
            corporation is the calendar month during which its original
            certificate of incorporation or application for authority was
            filed (or the effective date thereof). The reporting periods
            run from April 1 through March 31. A $9 filing fee must
            accompany each statement.
     * Franchise Tax Rate - Based on two Factors
          * First, the tax is based on the highest of: (a) 9% of entire
            net income allocated to New York, , or (b) 1.78 mills (or
            .00178) of business investment capital allocated to New York
            (with a maximum of $350,000), or (c) 3.5% of minimum taxable
            income allocated to New York or (d) fixed dollar amount of:
            $1,500 (if the corporation has a gross payroll of $6,250,000
            or more); $425 (if the gross payroll is less than $6,250,000
            but more than $1,000,000); $325 (if the gross payroll is not
            more than $ 1,000,000); $800 (if the gross payroll is $1,000
            or less with total receipts of $1,000 or less and average
            value of gross assets is $1,000 or less);
          * Second: added subsidiary tax of 0.9 mill per $1 of subsidiary
            capital.
       
   For more information on taxes, visit www.tax.state.ny.us