USA
Flexible New York LLC with pass-through potential and customizable operating agreement for founders and small teams.
Key Benefits
An LLC separates your personal finances from your business. This means if your business faces lawsuits or debt, your personal assets (like your home, car, or savings) are generally protected.
New York LLCs can be taxed as a sole proprietorship, partnership, or corporation. By default, profits “pass through” to your personal tax return, avoiding double taxation (unlike traditional corporations).
Having “LLC” in your business name can make your company appear more legitimate and established, which can help attract customers, investors, and business opportunities.
LLCs in New York have less rigid rules compared to corporations—no requirement for annual shareholder meetings or extensive record-keeping. This makes them easier to manage, especially for small businesses.
An LLC can have one owner (single-member) or multiple owners (multi-member), including individuals, corporations, or even foreign entities. This makes it adaptable for different business setups.
Tax Overview
Federal Income Tax (pass-through)
Members report LLC income on federal tax returns; rates depend on total taxable income.
NY LLC Annual Filing Fee
Mandatory annual fee for LLCs, varies by income. Single-member LLCs typically pay $25.
NY State Income Tax (for members)
Members pay personal income tax on LLC profits passed through to their personal tax return.
NYC Unincorporated Business Tax (UBT)
Tax on LLC income earned in NYC for non-corporate entities. Exemptions may apply at low income.
Sales & Use Tax
Collected on sale of taxable goods and services in New York. Local rates vary by county.
Self-Employment Tax (federal)
Social Security (12.4%) + Medicare (2.9%) tax on LLC profits for members actively working in the business.
Employment Taxes
FICA: 7.65% each for employer/employee; FUTA: up to 6%; NYS unemployment: 2.1–9.9%. 6%; NYS unemployment: 2.1–9.9% Applies if the LLC has employees; includes Social Security, Medicare, federal and state unemployment insurance.
Formation Process
You submit your information to EntityEngine.
EntityEngine and its partners files the Articles of Organization with the NY Department of State. Without expedited processing, NY typically processes within about 7 business days.
Once the state approves, we receive your filed documents and makes them available to you.
We obtain you a federal EIN.
New York law requires you to publish a notice of your LLC in two newspapers for six consecutive weeks. This runs concurrently but cannot be completed faster — it’s a mandated minimum duration
Once the 6‑week publishing is done, the newspapers provide affidavits; you then file a Certificate of Publication with the state.
Pricing
Formation Package
$250
Annual Maintenance
$250/year
Add-ons
Learn More
Highly adaptable ownership and profit-sharing via an operating agreement, often simpler early on than a corporation. Great for closely held businesses, and holding companies.
Form your New York LLC in USA and have your entity ready in 60 days.
EntityEngine is a private facilitation platform, not a government agency or law firm. Information is general only (not legal/tax advice). Filings are completed by regulated third-party partners. Terms.