Compare entity types, see New York filing fees, and find the right structure for your business.
| Cost | LLC | Corporation |
|---|---|---|
| Filing fee | $200 | $125 |
| Annual fee | $0 | $0 |
| Annual report fee | $9 | |
| Registered agent (typical) | ~$125/yr | |
| Franchise tax | $25/yr | |
| Publication requirement | ~$1,500 | |
⚠LLC publication requirement costs $1,000-$2,000+ depending on county
⚠NYC has additional income tax of 3.078% to 3.876%
⚠High overall tax burden when combined with city taxes
⚠Publication must be in two newspapers for 6 consecutive weeks
New York has progressive state income tax brackets:
| Income Range | Rate |
|---|---|
| $0 - $8,500 | 4.00% |
| $8,500 - $11,700 | 4.50% |
| $11,700 - $13,900 | 5.25% |
| $13,900 - $80,650 | 5.50% |
| $80,650 - $215,400 | 6.00% |
| $215,400 - $1,077,550 | 6.85% |
| $1,077,550 - $5,000,000 | 9.65% |
| $5,000,000 - $25,000,000 | 10.30% |
| $25,000,000 - + | 10.90% |
The simplest structure. You and your business are the same legal entity.
Pros
Cons
Liability protection with pass-through taxation. The most popular choice for small businesses.
Pros
Cons
An LLC or Corp with an S-Corp tax election. Splits income into salary + distributions to reduce self-employment tax.
Pros
Cons
A separate legal entity with its own tax rate. The standard structure for VC-funded startups.
Pros
Cons
Our free quiz calculates your actual tax burden under each entity type based on your income and New York tax rates.
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The New York LLC filing fee is $200. Annual fees are $0/year. New York also charges a $25/year franchise tax. A publication requirement costs approximately $1500. You'll also need a registered agent (~$125/year).
Yes. New York has a progressive income tax with rates ranging from 4.0% to 10.9%.
It depends on your income. If your New York business earns under $80K/year, a standard LLC is simpler and cheaper. Above $80K, an S-Corp election can save thousands in self-employment tax by splitting income into salary and distributions. Use our free quiz to calculate your exact savings.
States like Kentucky ($40), Arizona ($50), Colorado ($50), and Arkansas ($45) have the lowest LLC filing fees. However, forming in your home state is usually best — forming out-of-state means you'll need to register as a foreign LLC in your home state anyway, doubling fees.
Disclaimer
Filing fees, tax rates, and regulatory requirements on this page are based on publicly available data and may not reflect recent changes. This information is provided for educational purposes only and does not constitute tax, legal, or financial advice. State requirements can change — verify all fees and requirements with the New York Secretary of State or a qualified attorney before filing. Always consult a CPA or tax attorney for advice specific to your situation.