There is no reason not to create an entity in New York. From the limited information provided in your question, it is unclear why you want a single corporate umbrella. Moreover, a corporation is different than an LLC(limited liability company)- there are advantages or disadvantages, dependent on your needs, the tax consequences, the entity's operation, etc. You should consult with qualified counsel, in determining which path to take.
Gerry Wendrovsky, Esq.www.upperwestsidelawyer.com
Answered on Feb 01st, 2012 at 7:49 PM