How Much Does an LLC Cost in New York? (NY Filing Fees)

Starting an LLC in New York? You might know about the $200 fee for filing your Articles of Organization, but that’s just the tip of the iceberg. There’s also the biennial report fee of $9 every two years, which is fairly minor.

Also, remember that an operating agreement is mandatory. You can get one free from Northwest Registered Agent.

And then there’s the BIG one—the mandatory newspaper publication. You must publish a notice about your LLC in two newspapers in New York for six consecutive weeks. This can vary significantly based on your county. And let’s not forget the $50 fee to file for a Certificate of Publication.

But what about the other costs that often slip under the radar?

For example, if you prefer not to handle legal and compliance documents, you must consider registered agent services. You’ll also need to budget for business licenses and taxes.

Keep reading to get all the details and avoid unexpected costs!

How Much Does an LLC Cost in New York?

Starting an LLC in New York involves several key costs and requirements. The primary expense is the $200 filing fee for the Articles of Organization, a one-time charge to establish your LLC officially. If you’re forming a foreign LLC (an LLC created in another state and registered in New York), the fee is slightly higher at $250 for submitting an Application for Authority.

Beyond these initial fees, you’ll need to consider other expenses.

One of the most significant costs is the publication requirement, ranging from $300 to $1,600 depending on your location. New York requires you to publish a notice about your LLC in two newspapers for six consecutive weeks. After completing this step, you’ll pay a $50 fee to file for a Certificate of Publication.

You might also want to budget for registered agent services, which typically cost between $100 and $300 annually. This service is crucial if you prefer not to handle official documents yourself. Additionally, using an LLC formation service can range from $39 to over $100, depending on the provider and the features included.

Other potential costs include expedited processing (an extra $50 to speed up approval), necessary business licenses, and taxes based on your industry and location. If you’re setting up a specialized LLC, like a series LLC or professional LLC, expect additional legal and filing fees.

LLC Costs in New York (Formation Fees)

Below is a table outlining the NY key requirements and their associated fees.

New York LLC Requirements	Cost
LLC Business Name Cost	$0
Articles of Organization	$200
New York Publication Fees	$300- $1,600
Certificate of Publication	$50
Operating Agreement	$0 (with Northwest)
EIN Number	$0 (free from IRS)
Annual Report	$9/biennially
LLC Name Reservation Fee (optional)	$20
Certificate of Status (optional)	$25
Foreign LLC Registration (optional)	$250
Fictitious Name (DBA) (optional)	$25
Taxes	Varies
State Business License Fee	$0
Registered Agent Services	$0-$125 (Northwest)
LLC Formation Services	$39
Total LLC Costs in New York	$209 – $1043

Total LLC costs in New York range from $209 to $1,043. If you handle everything yourself and skip the optional extras, you might only spend around $209. However, if you opt for additional services and requirements, your costs could increase to between $900 and $1,000.

To break it down, the first mandatory expense is the $200 fee for filing the Articles of Organization, which is essential for officially forming your LLC. Depending on your business’s needs and location, you’ll also need to budget for New York publication fees, varying widely from $300 to $1,600. Additionally, obtaining a Certificate of Publication will cost $50.

While an Operating Agreement is mandatory, you can obtain one at no cost if you use services like Northwest. However, you’ll need to pay a $9 biennial report fee to maintain your LLC.

Now, let’s discuss the optional costs.

Getting an Employer Identification Number (EIN) is free from the IRS. If you want to reserve your LLC name, it will cost $20. You can also obtain a Certificate of Status for $25, and if you’re registering a foreign LLC in New York, that incurs a $250 fee. If you wish to operate under a different name (DBA), you must pay an additional $25.

Regarding registered agent services, you can either act as your agent at no cost or hire a professional service, which typically ranges from $100 to $300, depending on the provider.

Suppose you use an LLC formation service that usually costs around $39. Additionally, remember that taxes can vary based on your specific business activities, and the state business license fee can differ depending on your industry.

Understanding these mandatory and optional costs will help you budget effectively as you embark on your business journey in New York.

New York LLC Business Name Cost ($0)

When you start an LLC in New York, choosing a business name is an important step. Luckily, this part of the process can be done at no cost.

You can choose any name that fits your business if it meets certain criteria. It must be unique and not too similar to existing businesses.

Here’s what you need to keep in mind:

• Name Requirements: The name has to include “Limited Liability Company,” “LLC,” or “L.L.C.”
• Availability Check: The New York State Department’s website lets you check if your desired name is available.

Once you have a name in mind, you can use it in your Articles of Organization without any extra fees.

A small fee is involved if you decide to reserve a name before filing your LLC. However, simply using the name when you form your LLC costs nothing.

New York Articles of Organization ($200)

To start an LLC in New York, you must file the Articles of Organization. This document is essential as it officially creates your LLC. The filing fee for this document is $200.

You can submit the Articles of Organization in several ways. Send the completed form and your payment to the New York State Department of State by mail. The address is:

One Commerce Plaza
99 Washington Avenue
Albany, NY 12231

You can take your documents to the same address if you prefer to file in person.

Another option is to file online. This method is quick, and you will receive confirmation almost immediately by email.

The processing time for New York LLCs depends on the filing method. If you file online, the approval process is immediate, while mail filing takes four months.

When you fill out the Articles of Organization, ensure all the required information is ready. This includes details like your LLC’s name and address and the registered agent’s name and address.

New York Publication Fees Varies ($300 – $1,600)

If you form an LLC in New York, you must meet certain publication requirements. This involves publishing a notice in local newspapers about your LLC formation.

The costs of publication can vary significantly. Depending on your location, you may pay anywhere from $300 to $1,600.

Here’s a quick breakdown of what you might expect:

• Upstate Counties: Usually range from $300 to $800. Costs are generally lower here.
• New York County (Manhattan): Fees can exceed $1,600, making this one of the most expensive areas for publication.

If you fail to fulfill the publication requirement, the state can suspend your LLC’s authority to do business. Meeting these publication fees is crucial to keep your business compliant and operational.

Always check local newspaper rates and specific requirements, as they can change. Budget for these expenses when planning your LLC setup.

Certificate of Publication ($50)

When you form an LLC in New York, you must complete a Certificate of Publication. This is a legal requirement to inform the public about your business.

The cost of filing this certificate is $50. You must include affidavits from the newspapers where you published your LLC notices.

To file, you should send the Certificate of Publication and all affidavits to the following address:

New York Department of State
Division of Corporations
One Commerce Plaza
99 Washington Avenue
Albany, NY 12231

Make sure to complete all paperwork carefully. Missing documents or errors can delay your filing.

LLC Operating Agreement Cost in New York ($0 with Northwest)

Creating an Operating Agreement is important when forming an LLC in New York. This document defines the ownership and operating procedures of your LLC.

You may be pleased to learn that Northwest Registered Agent offers a free LLC Operating Agreement. This can save you money, as some services charge for similar templates.

The Northwest template is flexible. You can customize it for a single-member or multi-member LLC. It’s designed to be filled out quickly, often in under five minutes.

Here’s what you can expect from Northwest’s free template:

• User-Friendly: Easy to understand and complete.
• State-Specific: Tailored to meet New York requirements.
• Complete Coverage: Addresses key components like roles, responsibilities, and profit-sharing.

Remember, an Operating Agreement is mandatory by law in New York. It helps protect your limited liability status and ensures everyone understands their rights and duties.

By choosing Northwest, you can start your LLC journey with an effective Operating Agreement at no cost. This can help set a solid foundation for your new business.

New York Registered Agent Fee ($0-$300/year)

When forming an LLC in New York, you need a registered agent. This can be you, a friend, or a business. It won’t cost you anything if you choose to act as your own registered agent.

If you prefer using a New York registered agent service, fees generally range from $100 to $300 per year. These services provide benefits like privacy and legal notifications. For example, LegalZoom charges around $249 annually, while ZenBusiness offers services for approximately $199 annually.

A good option is Northwest Registered Agent. If you use them to form your LLC, they provide free registered agent services for the first year. After that, their fee is $125 annually, which is competitive.

Here’s a quick look at the options:

• Do It Yourself: $0 fee if you act as your agent
• Northwest Registered Agent: Free for the first year; $125/year after
• ZenBusiness: $199/year
• LegalZoom: $249/year

EIN Cost in New York ($0 from the IRS website)

You will need an Employer Identification Number (EIN) when you form an LLC in New York. This number is essential for tax purposes and helps to identify your business.

The good news is that obtaining an EIN is free if you apply through the IRS website. You do not need to pay any fees to receive your EIN.

To apply, visit the IRS website and fill out Form SS-4 online. The process is straightforward and typically takes only a few minutes.

Remember that while the EIN itself is free, costs might be involved if you choose to use third-party services for assistance. Always check for any hidden fees if you’re considering hiring help.

Biennial Report ($9/biennially)

Every NY limited liability company (LLC) must file a Biennial report every two years.

The filing fee is $9, which you must pay when submitting the report. You can file this report online through the New York Department of State’s e-Statement Filing System.

Your Biennial Report is due by the month of your LLC’s anniversary. This refers to the month when you first registered your LLC.

Keep track of the due date. If you file late, your LLC may lose its “good standing” with the state.

These details help maintain accurate records with the state. Keeping your Biennial Report current is important for your business’s legal status.

Filing on time can avoid penalties and ensure that your LLC remains compliant. Stay informed about when your report is due. Regular reminders can help you manage this responsibility efficiently.

Fictitious Name/DBA Cost in New York ($25)

When starting a business in New York, you might need to file for a “Doing Business As” (DBA) name. This allows you to operate under a name different from your official business name. In New York, the cost to file a DBA is $25.

If your business is a limited liability company (LLC) or a corporation, you will incur additional fees for any certified copies of the DBA certificate you might need. These fees can vary. For instance, a certified copy of the DBA costs $10.

Filing your DBA is done at the county level. You must choose the right county depending on where your business operates. Here’s a quick look at how fees stack up:

It’s important to note that if you’re filing in New York City, the cost structure may differ across the five boroughs. Always check with your local county clerk’s office for the most accurate and relevant information.

LLC Name Reservation Fee in New York ($20)

When starting your LLC in New York, you might want to reserve a name before filing documents. This is where the name reservation fee comes in.

Reserving a business name costs $20. You can file an Application for Reservation of Name with the New York Department of State. This ensures that your chosen name is protected for a limited time.

The reservation lasts for 60 days. During this period, no other business can use the same name in New York.

You can also do that if you cancel your name reservation early. The cancellation fee is also $20. When you submit this cancellation, you must include a receipt of your original reservation.

This fee is relatively low compared to other expenses in forming an LLC. It gives you peace of mind while you prepare your Articles of Organization and other necessary documents.

New York Certificate of Status ($25)

If you need to prove that your LLC is active, request a Certificate of Status from the New York State Department of State. This certificate shows that your business is in good standing.

To obtain it, you must submit a written request. The fee for this request is $25, payable to the New York State Department of State.

When making your request, include some key details. Ensure you provide your LLC’s name and the specific statement that you are requesting a Certificate of Status.

Requests can take some time to process, so plan accordingly. If you need it quickly, check if there are options for expedited processing, which may come with an additional fee.

A Certificate of Status can be helpful for various reasons, such as opening a business bank account or applying for loans. It shows that your LLC complies with state regulations.

New York Foreign LLC Registration Fee ($250)

To register a foreign limited liability company (LLC) in New York, you need to pay a fee of $250. This fee covers the application process, allowing you to operate your business in New York.

You can submit your application by mail or in person. Please complete Form 1361-f-a, which is required for registration.

If you pay by check or money order, make them payable to the Department of State. Due to security concerns, avoid sending cash through the mail.

Note that any checks over $500 must be certified.

Understanding these fees and options will help you plan your registration process effectively.

New York LLC State Business License ($0)

In New York, the main business license you need is the sales tax license, officially known as the New York Certificate of Authority.

The good news is that this license is free. It allows you to collect and pay sales tax on your products or services.

To apply for the Certificate of Authority, you must fill out a form with the New York State Tax Department. This can often be done online, making the process quick and easy.

It’s important to keep this license updated and comply with all sales tax requirements to avoid penalties.

New York LLC Taxes (varies)

When operating an LLC in New York, you will encounter various taxes that can affect your annual costs. The specific taxes you pay depend on your business activity and industry.

Some common taxes include:

• Federal Taxes: Taxes imposed by the federal government based on your income.
• State Income Tax: New York’s income tax rate varies by income level.
• Local Income Tax: You may owe additional taxes depending on your municipality.
• Business Taxes: General taxes that apply to LLCs operating in New York.
• Self-Employment Taxes: Taxes for individuals who work for themselves.
• Sales and Use Tax: A tax on retail sales of tangible goods and certain services.
• Annual Franchise Tax: A yearly tax that LLCs must pay to remain registered.
• Payroll Tax: Required if you have employees on your payroll.
• Property Tax: Applicable if your LLC owns any property.

Given the range of potential taxes, it’s hard to estimate specific costs. Each LLC’s tax situation is unique, influenced by factors like revenue and location.

New York LLC reinstatement fee ($9)

If you need to reinstate your dissolved LLC in New York, there’s a specific fee involved. The cost to file the necessary paperwork is $9. This fee is important for bringing your LLC back into good standing.

To reinstate your LLC, you will need to file a biennial statement. You can do this online using the Department of State’s e-Statement Filing Service.

Payment can be made using a credit or debit card. Accepted cards include MasterCard, Visa, and American Express.

Reinstating your LLC ensures you can continue operating legally in New York. Keeping your business active may involve other considerations, like meeting all previous fees and requirements.

New York LLC dissolution fee ($60)

If you decide to dissolve your LLC in New York, you must pay a dissolution fee of $60. When you file the necessary documents to close your business officially, this fee is required.

To begin the dissolution process, complete the Articles of Dissolution form. This form can be submitted to the New York Department of State. Make sure to include the statutory fee along with the completed form.

It’s important to prepare all documentation accurately. This helps avoid any delays in processing your request. Remember that your LLC must be in good standing before you can proceed with dissolution.

If you want quicker processing, expedited options are available, but with higher fees. Properly handling this ensures your business obligations are fully settled.

New York LLC Change of Registered Agent fee ($30)

Changing your registered agent in New York costs $30. This fee applies when you file the required form with the New York Secretary of State.

To start the process, you need to select a new registered agent. This agent must have a physical address in New York and be able to receive legal documents on your behalf.

Once you’ve chosen your new agent, you must complete the Change of Registered Agent form. You can submit this form online or by mail.

You can pay using a check, money order, or credit card. Keep a copy of the form and payment receipt for your records.

What is the Cheapest Way to Start a New York LLC?

Starting an LLC in New York can be done in several ways, each with different costs. The two main options are filing online or submitting paper forms by mail.

When you file online, you can complete the process quickly through the New York Department of State’s website. The filing fee is $200. The same fee is charged if you send your forms by mail.

Another cost-saving option is to handle everything yourself. You won’t need to hire an attorney or a service to file for you. Just fill out the Articles of Organization, pay the fee, and submit your application. This method can save you a lot of money.

The internet offers many resources, including templates and guides, that simplify the DIY process.

The cheapest way to start your LLC is to file the Articles of Organization online or by mail. You will incur only the $200 filing fee.

One downside to this approach is that if you make a mistake, it could delay your application. Additionally, you may miss some important steps that come with professional help.

Make sure to weigh your options before you decide. While doing it yourself can save money, consider whether you have time to invest.

Should You Use an LLC Formation Service in New York? (here’s why)

Whether to use an LLC formation service in New York depends on your specific needs. Many people find that using a service like Northwest Registered Agent simplifies the process. These services handle the paperwork, saving you time and reducing stress.

• Privacy Protection: Hiring a service allows them to act as your registered agent, keeping your personal information private and of public records.
• Peace of Mind: Formation services handle deadlines and paperwork, ensuring all requirements and forms are correctly filed.
• Compliance Assistance: Staying compliant with state regulations can be complex. A service helps you stay on track and avoid potential penalties, letting you focus on growing your business.
• Cost Consideration: While these services reduce the stress of handling paperwork, they come with a price. Weigh this cost against your ability or desire to manage filings yourself.
• Expert Support: Many services provide free access to LLC formation experts and attorneys, offering valuable guidance if you have questions or concerns.

Using an LLC formation service could be a smart choice if you value convenience, accuracy, and expert support.

Frequently Asked Questions

How do I form an LLC in New York by myself?

To form an LLC by yourself, follow these steps:

• Choose a unique name for your LLC.
• Prepare and file the Articles of Organization with the New York Secretary of State.
• Obtain any necessary licenses or permits.
• Create an Operating Agreement to outline the management structure.
• Apply for an Employer Identification Number (EIN) if you have employees.

How much does it cost to reinstate an LLC in New York?

If your LLC has been dissolved and you want to reinstate it, you must file for reinstatement. The fee for this process is $9. Ensure all past fees and taxes are paid to successfully revive your LLC.

Do I need a business license to have an LLC in New York?

Yes, depending on your business type and location, you may need various licenses and permits. Check with local and state agencies to determine the specific requirements for your LLC to ensure compliance.

Do I need an attorney to form an LLC in New York?

You are not required to hire an attorney to form an LLC in New York. Many people complete the process on their own. However, seeking professional help may be beneficial for complicated situations or to ensure all requirements are met.

What Are The Ongoing LLC Operational Costs in New York?

Ongoing costs include the $9 annual fee for filing the LLC biennial statement and any applicable taxes. Depending on your LLC’s activities, additional costs may arise from maintaining business licenses or paying for professional services.

Should I hire an LLC formation service in New York?

Using an LLC formation service can simplify the process. These services help with filing documents and ensuring compliance with state laws. They can save you time, especially if you’re unfamiliar with the requirements.

Are there penalties for paying my fees late in New York?

Yes, if you fail to pay the required fees on time, penalties may apply. This can include late fees, and your LLC may face suspension or dissolution, impacting your business operations.

What happens if I do not file my New York LLC annual report?

If you do not file your LLC’s biennial report, you may face penalties, and your LLC could become inactive. This status can lead to losing your business protections and benefits, so it is important to file on time.