New York at a glance. The state fee is $200: 45 other jurisdictions charge less to form an LLC and 4 charge more. Keeping it active costs about $4.50 a year in state costs: the annual report is $9 / 2 yrs. Timing: Every two years, in the month the LLC was formed. New York also requires a newspaper publication after formation, an extra cost that varies.
What it costs to form an LLC in New York
The state fee to form an LLC in New York is $200. That is $75 more than Florida's $125.
This is the amount charged by the state itself. It does not include a registered agent, a service company's fee, local business licenses or income taxes.
New York annual report and yearly costs
The report costs $9 every two years. Timing: Every two years, in the month the LLC was formed.
- Other state costs: New York also charges an annual LLC filing fee based on income. Check the Tax Department for your amount.
- Publication: Within 120 days of formation, publish a notice for six consecutive weeks in two newspapers chosen by the county clerk, then file a Certificate of Publication ($50). Newspaper costs vary by county and are much higher in New York City.
Counting the annual report and any flat yearly tax, the state-only cost after the first filing is about $4.50 per year.
Corporation in New York
The state fee to form a corporation in New York is $125.
This is a flat fee in New York. Coral Filings files every corporation with up to 500 authorized shares.
- Annual report: The report costs $9 every two years. Timing: Every two years, in the calendar month the certificate of incorporation was filed.
- Other state taxes and costs: Corporation tax account with the NYS Tax Department (franchise tax); we have not confirmed the minimum amount.
Coral Filings can form your New York corporation, as a C-Corporation or with an S-Corporation election planned (you file IRS Form 2553 yourself, and individuals who are not US residents cannot own S-Corporation stock). Start your New York corporation. Read what a C-Corp is and what an S-Corp is.
How to form an LLC in New York, step by step
- Choose a name that follows New York's rules and check that it is available in the state's business search.
- Appoint a registered agent with a physical street address in New York. Coral Filings can act as yours.
- File the formation document with the state's filing office and pay the fee. Use the official portal linked below.
- Request an EIN from the IRS.
- Put the annual report deadline on your calendar so the LLC stays in good standing.
Let Coral Filings handle it
You can usually form an LLC in the state where you do business. Coral Filings can form your New York LLC for you and act as your registered agent in New York (or you can name your own). The state fee is charged at cost. Start your New York LLC. We are not a law firm and do not give legal or tax advice.
Frequently asked questions
How much does it cost to form an LLC in New York?
The state fee is $200. Registered agent, local licenses and service company fees are extra.
Does New York require an annual report for an LLC?
The report costs $9 every two years. Timing: Every two years, in the month the LLC was formed.
How much does it cost to form a corporation in New York?
The state fee is $125, a flat fee.
Can I form an LLC in New York if I live in another country?
In most states you can, as long as you have a registered agent with a physical address in the state. Coral Filings can act as your registered agent in the states it sells.
This page is general information, not legal or tax advice. For your specific situation, talk to a licensed attorney or CPA.