Last Updated: February 16, 2024, 1:16 pm by TRUiC Team


How Much Does It Cost to Start an LLC in New York?

The cost to start an LLC (limited liability company) online in New York is $200. This fee is paid to the New York Secretary of State when filing the LLC’s Articles of Organization.

This LLC Cost New York guide will walk you through all costs, besides just the New York LLC filing fee for your NY limited liability company.

We recommend Northwest ($29 + State Fees) to help form your LLC.

An entrepreneur counting money with the state fee in the foreground

How Much Does an LLC Cost in New York?

New York LLC Online Filing Fee: $200

The main cost to start an LLC in New York is the $200 fee to file your LLC's Articles of Organization online with the New York Department of State.

For a look at LLC costs in every state, read our other Cost to Start an LLC and How to Form an LLC guides.

New York LLC Publication Fee: Varies

New York requires that within 120 days of formation all LLCs publish a copy of the Articles of Organization or a notice related to the formation of the LLC in two newspapers (one weekly and one daily).

You must submit your Certificate of Publication (Form 1708-f) along with your affidavits of publication to the New York Department of State. The filing fee is $50.

The actual publishing fee varies depending on location. New York City has fees upwards of $1500 to $2000 for newspaper publishing, while typical fees in Albany are between $80 and $100.

Cost to Form a Foreign LLC in New York

If you already have an LLC that is registered in another state and you’d like to expand your business into New York, you’ll need to register your LLC as a foreign LLC in New York.

The cost for registering a New York foreign LLC is $250. You can register a foreign LLC in New York by filing an Application for Authority (Form 1361-f-a).

Optional LLC Formation Costs

There are optional fees associated with LLC formation:

LLC Name Reservation: 

Reserve your name for up to 60 days prior to LLC formation by filing an Application for Reservation of Name (Form 1233-f) and paying the $20 filing fee.

Assumed Name: 

File a Certificate of Assumed Name (Form 1338-f) and pay the $25 filing fee to create a name other than your legal LLC business name.

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Ready to Start Your New York LLC?

Read our top LLC formation services review to choose the right service for you.

New York LLC Ongoing Costs

New York LLCs may be responsible for both annual and biennial reports and fees. Some of the potential expenses are listed below:

  • New York Biennial Statement: Every two years, your LLC must file a biennial statement to maintain good standing, which costs $9.
  • LLC Annual Fee New York: LLCs taxed as disregarded entities or partnerships will have to pay an annual fee starting at $25.
  • State Taxes: In addition to these expenses, New York LLCs are subject to several taxes, including state income tax, sales tax, and possibly property tax. These will depend on the specifics of your business, such as income, location, and business activities.
  • Registered Agent Fee: While the Secretary of State acts as your business’s statutory agent by default, you can choose to elect your own. If you hire a registered agent, the yearly fee is usually between $100 and $200.
  • Business License Fees: The price of a business license in New York fluctuates depending on the nature of your business and its location. For more specific costs, refer to the appropriate municipal authority or relevant New York State department.

Keep in mind these are general costs, and specific costs can vary depending on your unique business circumstances. It is advisable to do thorough research or engage a business formation service to ensure you are aware of all potential costs and requirements.

How to Register a New York LLC Yourself

Forming an LLC in New York is a manageable endeavor. By diligently following the nine steps outlined below, you can smoothly navigate through the process.

These clear instructions will assist you in establishing your LLC in New York and realizing your entrepreneurial goals within the state.

Recommended: Using an LLC formation service like Northwest ($29 + State Fees) saves time and ensures compliance. Besides the low cost, we like their streamlined approach and excellent customer service.

Nine Basic Steps to Start an LLC in New York

Step 1: Name Your New York LLC
Step 2: Choose a Registered Agent
Step 3: File the Articles of Organization
Step 4: Complete Publication Requirements
Step 5: Create an Operating Agreement
Step 6: Get an EIN
Step 7: Pay the Annual Fee
Step 8: File the Biennial Statement
Step 9: Keep Your Company Compliant

Step 1: Name Your New York LLC

When you name your New York LLC, you’ll need to choose a name that:

  1. Is available for use in the state of New York
  2. Meets New York naming requirements
  3. Is available as a web domain

Recommended: Visit our Start an LLC in New York guide for detailed naming rules and instructions for registering a business name in New York.

Not sure what to name your business? Check out our How to Name a Business guide and free LLC Name Generator.

We recommend that you check online to see if your business name is available as a web domain. Even if you don't plan to create a business website today, you may want to buy the URL in order to prevent others from acquiring it.

Find a Domain Now

Step 2: Choose a Registered Agent

In New York, the Secretary of State acts as the registered agent for all New York LLCs by default. You can, however, choose to designate someone in addition to the Secretary of State as the registered agent for your New York LLC.

A registered agent primarily acts as your LLC’s main point of contact with the state. But most importantly, they are responsible for accepting service of process in the event your business is sued.

If you choose to use a registered agent service, the Secretary of State will still be the first point of contact for the state and for anyone who might serve your LLC with legal action.

Your New York registered agent must be:

  • At least 18 years or older
  • Have a physical address in New York
  • Available during normal business hours to accept service of process

Get Free Registered Agent Services

Form an LLC with Northwest Registered Agent to get one year of registered agent services free of charge.

Step 3: File the Articles of Organization

New York Form 1336-f: Articles of Organization is a document that is filed with the New York Department of State to form an LLC. The fee for filing Articles of Organization is $200 online, by mail, by fax, or in person.

For detailed instructions for completing the Articles of Organization, visit our How to File the New York Articles of Organization guide.

File the New York Articles of Organization

OPTION 1: File Online With the New York Department of State

File Online

- OR -

OPTION 2: File Form 1336-f by Mail, by Fax, or In Person

Form 1336-f

State Filing Cost: $200, payable to the Department of State

Filing Address:
Department of State Division of Corporations
State Records and Uniform Commercial Code
One Commerce Plaza
99 Washington Ave.
Albany, NY 12231

Fax: (518) 474-1418

Note: Fax filings must include a Credit Card/Debit Card Authorization form.

Step 4: Complete Publication Requirement

New York requires that within 120 days of formation all LLCs must publish a copy of the Articles of Organization or a notice related to the formation of the LLC in two newspapers (one weekly and one daily).

You must submit your Certificate of Publication along with your affidavits of publication to the New York Department of State.

The Certificate of Publication fee (Form 1708-f) is $50.

The actual publishing fee varies depending on location. New York City has fees upwards of $1,500-$2,000 for newspaper publishing, while typical fees in Albany are between $80 and $100.

Step 5: Create an Operating Agreement

An operating agreement is legally required for New York LLCs.

What is an operating agreement? An operating agreement is a legal document outlining the ownership and operating procedures of an LLC.

Why are operating agreements important? A comprehensive operating agreement ensures that all business owners are on the same page and reduces the risk of future conflict.

For more information on operating agreements, read our New York LLC operating agreement guide.

Step 6: Get an EIN

What is an EIN? An EIN or Employer Identification Number is a nine-digit number issued by the Internal Revenue System (IRS) to identify a business for tax reporting purposes. An EIN is essentially a Social Security number (SSN) for your company.

Why do I need an EIN? An EIN number is required for the following:

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Free EIN: You can get an EIN from the IRS website (free of charge) after forming your business.

Step 7: Pay the Annual Fee

Each LLC formed in New York that is taxed as a disregarded entity or as a partnership must pay an annual filing fee, which varies depending on your LLC’s gross income for the preceding tax year. (Most LLCs are taxed this way by default.) LLCs taxed as corporations by the IRS do not have to pay this tax.

The minimum fee is $25, and the maximum fee is $4,500. Fees are due by the 15th day of the third month following the close of the tax year. 

A filing fee table is available on the Department of Taxation and Finance website.

Step 8: File the Biennial Statement

The State of New York requires all LLCs to file a biennial statement every two years with the New York Department of State. The biennial statement is meant to update information about your business.

Biennial statements are due every other year by the end of your LLC’s anniversary month (i.e., the month you initially registered your LLC with the state).

File Online: You can file your biennial statement online with the New York Department of State for $9. Businesses unable to file online can request a paper form by emailing corporations@dos.ny.gov

Step 9: Keep Your Company Compliant

Maintaining compliance with legal requirements is crucial for the smooth operation and longevity of your LLC in New York. These responsibilities span various aspects, from securing the right permits and licenses to meeting tax obligations and following the legal prerequisites when hiring employees. 

Here's a quick summary of the key areas you need to focus on to keep your LLC compliant:

  • New York LLC Business Permits and Licenses: Comply with all federal, state, and local government regulations to operate your LLC effectively. The specific licenses and permits needed will depend on your business type. For specifics, refer to our New York Business License guide. You may also consider professional services to research your business’s licensing needs.
  • New York LLC Tax Filing Requirements: Staying updated on New York LLC taxes is crucial. Depending on your business type, registration for certain taxes may be needed. These include sales tax, which is necessary for physical product sellers, and employer taxes for hiring employees. Other state taxes like income tax, ranging from 4% to 10.9%, are also levied based on your LLC's income. Federal income tax also needs to be reported.

    Visit the New York Department of Taxation and Finance website to understand your tax requirements. 
  • Hiring Employees in New York: Ensuring legal compliance when hiring employees for your New York LLC is vital. Steps include verifying new employees' work eligibility in the US, reporting new hires to the state, providing workers' compensation insurance, withholding employee taxes, and visibly displaying workplace compliance posters.

    You can find additional information at the New York Department of Labor website.
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Steps After LLC Formation

Read all the steps you’ll need to maintain your LLC’s personal liability protection, open a business bank account, get business insurance, and stay up to date with state reporting requirements.

Visit our After Forming an LLC guide to learn more.

New York LLC Cost FAQ

To form an LLC in New York, you will need to pay a $200 filing fee for the Articles of Organization. Keep in mind there may be additional costs related to hiring a registered agent and filing for an assumed name (DBA) based on your specific business needs.

The Articles of Organization is the document that officially establishes your LLC in New York. You can file this document with the Secretary of State either online, by mail, by fax, or in person. The filing fee for the Articles of Organization is $200.

Yes, a registered agent is required for your LLC in New York. This person or business entity is responsible for receiving important legal documents on behalf of your LLC. Having a registered agent is crucial for maintaining compliance and managing critical business paperwork.

While the Secretary of State acts as your business’s statutory agent by default, you can choose to elect your own.

No, in New York, there's no requirement for your initial or new registered agent to officially consent before their appointment. However, it is always good practice to ensure they are informed and willing to undertake their responsibilities.

Yes, in New York, your LLC can operate under an assumed name, also known as a "doing business as" (DBA) name. This allows your business to function under a different name than your LLC's official registered name.

Every LLC in New York is required to file a biennial statement. This statement is due every two years and carries a filing fee of $9. It's essential for keeping the state updated about the key information concerning your LLC.

An LLC formation service can streamline the process of starting an LLC in New York. They handle the necessary paperwork, provide registered agent services, and help ensure state compliance. Using these services can save you time and let you focus more on the operation and growth of your business.

You can check the availability of your desired LLC name in New York using the Corporation and Business Entity Database provided by the state. This tool ensures your chosen name is not already in use by another business entity in the state.

A Certificate of Status in New York is a document verifying that your LLC is legally registered and in good standing with the state. This certificate may be required when applying for business loans, engaging in contracts, or conducting business in other states.

Article Sources

New York Department of State:
https://dos.ny.gov/

IRS - Employer ID Numbers:
https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers

New York Business Express:
https://www.businessexpress.ny.gov/app/home

SBA - Apply for licenses and permits:
https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits

Chamber of Commerce - New York Chamber of Commerce List:
https://www.officialusa.com/stateguides/chambers/newyork.html