New York LLC Cost Calculator & 5-Year Taxes
Initial state filing fee: $200. Ongoing annual report fee: $9 (biennial). Franchise tax: $25/yr minimum.
Check if your LLC name is taken on official New York database
Every LLC name must be legally distinguishable on state records. Perform a free corporate name lookup on the official New York Department of State Division of Corporations registry before submitting your $200 Articles of Organization.
How Much Does an LLC Cost in New York?
An LLC in New York costs $200 to form (one-time state filing fee) and $9 per year in biennial report fees. New York also charges a $25/yr minimum franchise tax. The estimated total 5-year cost is $988, including state fees, annual reports, and registered agent service.
| Fee Component | Statutory Cost | Frequency | Due Date / Requirement | Recipient Entity |
|---|---|---|---|---|
| Articles of Organization (Filing Fee) | $200 | One-time | Upon LLC formation | New York Department of State Division of Corporations |
| Periodic Annual / Biennial Report | $9 | biennial | Due Anniversary month every 2 years (Biennial Statement) | New York Department of State Division of Corporations |
| State Franchise Tax / Entity Fee | $25/yr | Annual | Annual tax schedule | State Tax Department |
| Registered Agent Service | $0 (Self) or $39–$125 | Annual | Continuous requirement | Appointed agent / Commercial service |
| Operating Agreement & Federal EIN | $0 (Free) | One-time | Internal record / IRS issuance | Internal Company Record / IRS |
| Newspaper Publication Requirement (Section 206) | $450 | One-time | Statutory publication period | County designated publishers |
| Total Minimum Initial Formation | $650 (State statutory fees to open LLC) | |||
New York LLC 5-Year Cost Model
NYChoose a state and assumptions. Your five-year estimate updates instantly.
Future years assume today's reviewed rates remain unchanged. Historical estimates are not enabled because older rules have not been fully verified.
This estimate covers liabilities incurred in five taxable years (2026–2030), even when payment is due later.
Future years use an unchanged-current-law assumption. Income tax, legal advice, penalties, and unselected optional services are excluded.
Initial formation fee ($200) + publication + registered agent
Biennial ($9 every 2 yrs) + franchise tax
Estimated liability for the selected inputs and disclosed scope in New York.
Five taxable years by cost category(Click any year to inspect)
Select a year to inspect its included liabilities and applicable tax due date.
Tax year 2026 included items
Total: $7145-Year Budget Allocation by Cost Category
Save on your New York filing fees & protect your personal privacy
Pro Tip: Filing directly through the state exposes your personal home address on public government records forever. You can keep your private details off the public registry and save time by using a top-rated Registered Agent service starting at $39 + state fees.
Open a zero-fee business checking account for your New York LLC
Separate your business finances immediately to preserve limited liability corporate veil protection.
New York LLC Statutory Framework & Compliance Guide (2026)
Statutory requirements and fee schedules under the New York Department of State Division of Corporations.
Newspaper Publication Requirement (Section 206)
Mandatory: Must publish a notice of LLC formation in two county-designated newspapers for 6 consecutive weeks, then file Certificate of Publication ($50 state fee). Costs range from $350 in upstate NY to $1,200+ in Manhattan/NYC.
New York Franchise Tax & Business Privilege Tax Rules
NY LLC annual filing fee based on New York gross income: $25 for NY gross income under $100k; $50 for $100k-$250k; $175 for $250k-$500k; $500 for $500k-$1M; up to $4,500 for $25M+.
| Revenue Threshold | Description / State Fee Assessment |
|---|---|
| $100,000+ | NY Gross Income <= $100,000: $25 |
| $250,000+ | NY Gross Income $100,001 - $250,000: $50 |
| $500,000+ | NY Gross Income $250,001 - $500,000: $175 |
| $1,000,000+ | NY Gross Income $500,001 - $1,000,000: $500 |
| $5,000,000+ | NY Gross Income $1,000,001 - $5,000,000: $1,500 |
| $25,000,000+ | NY Gross Income $5,000,001 - $25,000,000: $3,000 |
Advantages of a New York LLC
- World financial capital, unparalleled market access
- Biennial report fee is only $9
Drawbacks & Hidden Costs
- Publication requirement adds $400-$1,200 in Year 1
- Revenue-based state fee on Form IT-204-LL
- High state and city income taxes
Founder Pro-Tip for New York
Using a registered agent with an Albany address rather than Manhattan can save you up to $800 on the mandatory newspaper publication fee!
Step-by-Step New York LLC Formation Checklist (2026)
Choose an Available Entity Name
Must include "LLC", "L.L.C.", or "Limited Liability Company" and be distinguishable on the New York Department of State Division of Corporations registry.
Appoint a New York Registered Agent
Must have a physical street address in New York (no P.O. boxes) to receive official service of process during regular business hours.
File Articles of Organization ($200 State Fee)
Submit electronically to the New York Department of State Division of Corporations. Approval is typically granted within 2-4 business days online.
Execute an Operating Agreement & Obtain Federal EIN
Establish member capital contributions, voting rights, and obtain a free 9-digit EIN from IRS.gov for business checking accounts.
Maintain Ongoing Legal Good Standing (Anniversary month every 2 years (Biennial Statement))
Submit the biennial report with the $9 fee to prevent automatic forfeiture or late fee assessments.
New York LLC Cost FAQ
Common questions about forming and maintaining an LLC in New York.
How much does it cost to start an LLC in New York?
The state filing fee to form an LLC in New York is $200, paid to the New York Department of State Division of Corporations when you file your Articles of Organization. With a registered agent service ($39–$125/yr) and the mandatory Newspaper Publication Requirement (Section 206) ($450), expect to pay approximately $689 in your first year.
What is the New York LLC filing fee for 2026?
The New York LLC filing fee is $200. This is a one-time fee paid to the New York Department of State Division of Corporations to register your Articles of Organization. Expedited processing is available for an additional $25. Normal processing time is 2-4 business days online.
What are the annual fees for an LLC in New York?
New York charges a biennial report fee of $9, due Anniversary month every 2 years (Biennial Statement). Additionally, New York imposes a franchise tax of $25/year minimum. NY LLC annual filing fee based on New York gross income: $25 for NY gross income under $100k; $50 for $100k-$250k; $175 for $250k-$500k; $500 for $500k-$1M; up to $4,500 for $25M+.
How much does it cost to maintain a New York LLC per year?
The annual cost to maintain a New York LLC includes the biennial report fee ($9), the state franchise/entity tax ($25/yr minimum), and a registered agent ($39–$125/yr). Over 5 years, the estimated total cost is $988.
Does New York have a franchise tax for LLCs?
Yes. New York imposes a franchise tax on LLCs: NY LLC annual filing fee based on New York gross income: $25 for NY gross income under $100k; $50 for $100k-$250k; $175 for $250k-$500k; $500 for $500k-$1M; up to $4,500 for $25M+. The minimum annual franchise tax is $25.
Can I form an LLC in New York if I live in another state?
Yes, you can form a domestic LLC in New York regardless of where you live. However, if your principal business operations are in a different state, you will also need to register as a Foreign LLC in that state. In New York, foreign LLC registration costs $250 plus $9/year in ongoing fees — often resulting in paying double.
Compare New York with Rival & Neighboring States
Evaluating formation options? Review fee structures in competing jurisdictions: