Everything you need to know about starting and maintaining a business in New York — LLC formation, taxes, annual reports, licenses, and compliance requirements.
New York is a leading destination for business formation. The state offers a low-cost regulatory environment, managed by the New York Department of State. Filings are submitted via the official state portal.
Annual report due: December 31 each year.
For most businesses in New York, the recommended structure is:
An LLC provides the ideal balance of personal liability protection, pass-through taxation flexibility, and minimal administrative overhead. New York LLCs are governed by the New York Department of State with a state filing fee of $200.
Form LLC in New YorkNew York requires LLCs to file a biennial statement with the Department of State.
LLCForm your LLC or Corporation, get your EIN, and stay compliant with expert guidance. No hidden fees. Step-by-step guided formation process.
Start Filing NowNo hidden fees. Step-by-step guided formation process.
| Filing Agency | New York Department of State |
| Filing Fee | $200 |
| Late Penalty | $50 |
| Report Required | Yes |
| Report Cycle | Biennial |