How much does it costs to start a LLC in New York?

ByAnnual Picks Updated on

The most significant cost of New York LLC is the newspaper publication fee, it varies depending on what county you are in . If your business address is in NYC, publication fee can cost up to $1200.

You can save money by using Northwest Registered Agent’s Albany address. That way, you meet the publication requirement in Albany, where publication fee is closer to $100.

Once you’re done Newspaper publishing, you can chage your address to another county and file a Certificate of Change with the New York Department of State, just costs $30.

Here is the main cost for New York LLC:

  • Newspaper publication: $300 — $1200 ( $375 When choose northwestregisteredagent.com)
  • Articles of Organization filing: $200
  • LLC Operating Agreement: $0
  • EIN: $0
  • Virtual business address: $15/month
  • Registered agent: $100 — $300 per year
  • Biennial statement: $9
  • Annual LLC fee: $25 — $4500

You can apply EIN yourself on IRS website, so it can costs $0. If you hire registered agent, may costs up to $200.

You can use free Operating Agreement template, it cans cost $0. If you hire a lawyer to create one for you, it can costs up to $500.

The Annual LLC Fee based on the amount of New York source gross income for the preceding tax year is as follows:

  • $0 to $100,000: $25
  • $100,000 to $250,000: $50
  • $250,000 to $500,000: $175
  • $500,000 to $1,000,000: $500
  • $1,000,000 to $5,000,000: $1,500
  • $5,000,000 to $25,000,000: $3,000
  • 25,000,000 or more: $4,500