New York Corporation cost

Forming a New York Corporation

You file Certificate of Incorporation (Business Corporation) with the New York Department of State, Division of Corporations, State Records and Uniform Commercial Code. The state fee is $125. See the official fee.

File it yourself with the state →

Every year after

• Biennial Statement: $9, filed every two years. Due: Every two years during the calendar month in which the Certificate of Incorporation was filed (do not file before that month).
• First one: In the incorporation month, two years after incorporation.
• If you're late: No monetary penalty; the corporation is shown as past due on Department of State records and Certificates of Status, which can block some transactions.
• Official report page

State taxes that apply even to a small Corporation

• Corporation franchise tax fixed dollar minimum (Article 9-A): $25 — Fixed dollar minimum of $25 for New York receipts of $100,000 or less; rises with receipts. C corporations pay the greater of the business income base tax or the fixed dollar minimum. New York City imposes separate business taxes

Worth knowing

• Formation costs $200 for an LLC, $125 for a business corporation and $75 for a nonprofit.
• New LLCs must publish notice in two newspapers for six weeks within 120 days and file a $50 Certificate of Publication; newspaper costs run from about $300 to over $1,000 (Manhattan).
• LLCs and corporations file a $9 Biennial Statement every two years in their formation month.
• LLCs with New York source income pay an annual filing fee to the Tax Department starting at $25.

Registered agent

A registered agent may not be required. The Secretary of State must be designated as agent for service of process, with a mailing address for forwarding; a separate registered agent is optional. You can serve as your own agent if you have a qualifying address; paid services usually charge a yearly fee.