Business Formation / LLC New York

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

🏁 Initial Formation Costs

• Articles of Organization filing: $200 – one-time fee to register with the Department of State.

• Name reservation (optional): $20 to reserve your name for 60 days.

• Registered agent: $0–$300/year (DIY or professional service).

• Operating Agreement: $0+ (DIY or paid legal drafting).

• Employer Identification Number (EIN): Free from the IRS.

📢 Mandatory Publication Requirement

• Must publish notice in two local newspapers (daily + weekly) for 6 consecutive weeks within 120 days of formation.

• Publication costs range from $300 to $1,500+, depending on the county. NYC boroughs are at the high end ($800–$1,500+).

• Certificate of Publication filing fee: $50 post-publication.

🔄 Ongoing Biennial & Annual Costs

• Biennial Statement: $9 every two years.

• LLC filing fee (Partnership tax Form IT‑204‑LL): $25 minimum, up to $4,500+ depending on income from NY sources.

💰 Estimated Total Costs

Year 1 (formation + publication)

• Minimum (low-cost county, DIY): ~$200 (filing) + $300 (publication) + $50 (certificate) = ~$550

• Typical: $200 + $800–1,500 + $50 = $1,050–$1,750+

• By using lower-cost counties like Albany, some reduce publication expense.

Ongoing (every 2 years)

• $9 biennial statement + $0–300 registered agent + any filing fees (income-dependent).
  Biennial average annual cost: ~$5–$600+

📌 Summary at a Glance

✅ Cost-Saving Tips

• Use lower-cost counties (e.g., Albany) for publication.

• Serve as your own registered agent to save $100–300 annually.

• Handle publication steps yourself using county-designated papers.

🛑 What additional costs am I responsible for?

In addition to our fee, you will be potentially responsible for the costs of some or all of the items below if applicable.

1. Licenses 
   
2. Filing Fees
3. Reports
4. Name Reservations
5. Articles of Organization