Florida vs New York LLC Cost (2026): $264 vs $205
Side-by-side LLC formation cost comparison for Florida and New York: filing fees, annual report costs, processing time, and tax implications.
Forming an LLC in New York costs $205 in year one — $59 cheaper than Florida ($264).
Florida
New York
Lower CostFull LLC Cost Comparison: Florida vs New York
| Factor | Florida | New York |
|---|---|---|
| State filing fee (one-time) | $125 | $200 |
| Annual report fee | $139 / per year | $9 / every 2 years |
| Processing time | 3–5 business days | 5–10 business days |
| State income tax | No income tax | Yes |
| First-year total | $264 | $205 |
New York saves you $59 in year one compared to Florida.
Florida LLC Notes
Florida has no personal income tax, making it popular for small business owners.
New York LLC Notes
New York requires LLCs to publish a formation notice in two newspapers ($500–$2,000+). Budget for this significant extra cost.
Which State Should You Actually Use?
For most small businesses, form your LLC where you actually do business — not where the filing fee is cheapest. If you operate in Florida, form there. If you operate in New York, form there.
- Forming in your home state: Simpler compliance, no registered agent needed in another state, no foreign qualification fees.
- Forming in Wyoming or Delaware: Makes sense for investor-backed startups, multi-member LLCs with complex ownership structures, or businesses operating in multiple states.
- Key cost trap: If you form in Florida but operate in New York, you'll pay both states' fees — eliminating any savings.
Compare More LLC Formation Costs
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