New York LLC Cost: 2026 All-In Breakdown

Q: What is the cheapest way to form a New York LLC?

Pay the state filing fee directly ($200) and handle the rest yourself. Most owners find DIY costs more in time and missed steps than $297 service fees would have cost in money.

Q: Does New York charge a franchise tax?

Not a franchise tax in the Delaware sense; see annual report section for state-specific ongoing fees.

Q: Is forming in New York cheaper than other states?

For total 2026 cost: New Mexico is the cheapest ($347 with Anonymousllc.co, no annual report). Wyoming is second-cheapest with strong anonymity. New York costs roughly $497 year 1 plus annual maintenance.

The full cost of forming and maintaining a New York LLC in 2026. State filing fee $200, Biennial statement $9 + costly newspaper publication requirement ($300-$2,000). Registered agent $100/year. Anonymousllc.co total $497 year 1 (filing, RA, OA, EIN, bank applications all included).

By Shafwan Ahmed, Operations & Fulfillment Lead · Last updated 2026-05-21

State filing fee

New York Secretary of State filing fee: $200. Paid once at formation. This is the only mandatory state fee at filing time.

Annual ongoing cost

Biennial statement $9 + costly newspaper publication requirement ($300-$2,000). Registered agent renewal: $100/year if using a commercial service. Income tax obligations depend on state-sourced income and entity-level elections.

Service fees vs DIY

Filing yourself: just the $200 state fee but you handle paperwork, name checks, operating agreement, EIN, and bank applications alone. Anonymousllc.co: $297 service fee + state fee, everything done for you in 5-10 days.

All-in 2026 pricing

Anonymousllc.co forms your New York LLC for $297 + $200 state fee = $497 total, or recommends a Wyoming LLC + New York foreign qualification for stronger anonymity. Includes filing, registered agent year 1, operating agreement, EIN, and 4-5 US bank applications. Add-on services priced separately: EIN $99, ITIN $299, BOI $150 if applicable.