LLC Cost in New York — Complete Breakdown
Everything you need to know about forming and maintaining an LLC in New York.
New York LLC Formation Costs
Detailed Cost Breakdown for New York
| Cost Item | Amount |
|---|---|
| Articles of Organization (Filing Fee) | $200 |
| Annual Report / Franchise Tax | $9/yr |
| Registered Agent Service | $150/yr |
| Expedited Processing (optional) | +$25 |
| Operating Agreement (recommended) | $0 – $200 |
| EIN (Federal Tax ID) | Free (IRS) |
| Estimated First-Year Total | $359 |
Cost Comparison: New York vs. Neighboring States
| State | Filing Fee | Annual Fee | Total 1st Year | vs. New York |
|---|---|---|---|---|
| New York | $200 | $9 | $359 | — |
| New Jersey | $125 | $75 | $350 | -$9 |
| Connecticut | $120 | $80 | $350 | -$9 |
| Massachusetts | $500 | $500 | $1,150 | +$791 |
| Vermont | $125 | $35 | $310 | -$49 |
| Pennsylvania | $125 | $0 | $275 | -$84 |
Frequently Asked Questions: New York LLC
How much does it cost to start an LLC in New York?
The state filing fee for an LLC in New York is $200. Including a registered agent service (~$150/yr) and any annual report fees ($9), expect total first-year costs of approximately $359.
How long does it take to form an LLC in New York?
Standard processing in New York takes 5-7 business days. Expedited processing is available for an additional $25 and takes 24 hours.
Does New York require a registered agent?
Yes, New York requires all LLCs to maintain a registered agent with a physical address in the state. Professional registered agent services typically cost $150/year.
What are the annual costs of an LLC in New York?
Annual LLC costs in New York include the annual report/franchise tax fee of $9 and registered agent fees of approximately $150/year, for a total of about $159 per year after formation.
Can I be my own registered agent in New York?
Yes, you can serve as your own registered agent in New York as long as you have a physical street address in the state and are available during business hours to accept legal documents.