New York · NY
New York LLC Formation Cost 2026
Filing fee $200 · Annual $9 · Privacy 3/10 · Banking 10/10
The numbers
| Initial state filing fee | $200 |
|---|---|
| Annual report (biennial) | $9 |
| Franchise / privilege tax | Annual filing fee $25-$4,500 by income |
| State personal income tax (top) | 10.9% |
| State corporate income tax (top) | 7.25% |
| Publication required? | Yes — typically $400–$2,000 |
| Standard processing time | 7 business days |
| Privacy score | 3/10 |
| Banking accessibility | 10/10 |
| 5-year total cost | $620 |
Why people choose New York
- Top banking ecosystem
Trade-offs to know
- Newspaper publication $400-$2,000
- Income-based annual filing fee
- High personal income tax
Who New York is best for
- NYC businesses
- Finance
Publication in 2 newspapers (county-designated) within 120 days; NYC counties are most expensive.
- New York Secretary of State / business division
- Fees last verified against the source: 2026-05-15
New York vs the alternatives
| State | Filing | Recurring | State tax | Privacy |
|---|---|---|---|---|
| New York | $200 | $34/yr | 10.9% | 3/10 |
| Wyoming | $100 | $62/yr | 0% | 9/10 |
| Delaware | $110 | $300/yr | 6.6% | 7/10 |
How to form an LLC in New York (general steps)
- Choose a unique name ending in "LLC" or "Limited Liability Company". Check name availability with the New York Secretary of State.
- Appoint a registered agent with a physical New York address.
- File Articles of Organization ($200) with the New York Secretary of State.
- Draft an Operating Agreement — most states do not require filing but strongly recommend having one.
- Obtain an EIN from the IRS (free online with SSN/ITIN).
- File the FinCEN BOI report within 90 days of formation (federal requirement).
- Complete newspaper publication within the state-mandated window (typically 60-120 days).
- File the biennial report ($9) by the deadline to keep the LLC in good standing.
Other commonly compared states
Frequently asked questions
How much does it cost to form an LLC in New York?
The state filing fee is $200. An biennial report costs $9. A minimum franchise/privilege tax of $25 applies. Plus a registered agent (typically $25-$150/year). Newspaper publication is also required.
Does New York have a state income tax on LLCs?
New York's top personal income tax rate is 10.9%. Pass-through LLC profits flow to your personal return at this rate.
What is the annual cost of maintaining a New York LLC?
Excluding the first-year filing fee, the recurring cost is $84 (annual report + franchise minimum + $50 registered agent baseline). Five-year total ≈ $620.
Can a non-resident form an LLC in New York?
Yes. Non-US residents can form an LLC in any state. However, banking, payment processing, and EIN acquisition vary in difficulty. New York has strong banking accessibility (10/10). See our non-resident guide for the full process.
Is New York a good state for an anonymous LLC?
New York's privacy score is 3/10. Some member or manager information appears on public filings. For maximum privacy, Wyoming, New Mexico, and Nevada are common choices.
Deep-dive New York guides
Interactive cost calculator for New York
LLC Cost Calculator
Estimate the real cost of forming and maintaining an LLC across 51 US jurisdictions. Includes state filing, registered agent, annual report, franchise tax, and (where applicable) publication.
Year 1 breakdown — New York
| State filing fee | $200 |
| Registered agent (yr 1) | $50 |
| Annual report fee | $9 |
| Franchise / privilege tax (minimum) | $25 |
| Newspaper publication (required) (High-end estimate) | $2,000 |
| Year 1 total | $2,284 |
| Recurring (yr 2+) | $84/yr |
Avg. $524 / year — compares to 5-yr baseline $620.
What this calculator does NOT include
- Federal BOI report (free, but mandatory)
- EIN application (free with SSN/ITIN; some services charge $50-$300)
- Operating Agreement drafting
- State-level business licenses (industry-specific)
- Local city/county fees (varies by municipality)
- Foreign LLC registration if operating outside formation state
- Federal and state income tax on profits
Educational estimate only. Not legal or tax advice. Verify with a licensed CPA or attorney before filing.