How much does it cost to form a corporation in New York?

The state filing fee is $125. ClearFormation includes registered agent service in every plan. C-Corp vs S-Corp is a tax election, not a different state fee.

How long does it take to incorporate in New York?

The New York Department of State usually processes filings in 7 business days online. Expedited options may be available from the state.

How do I form a corporation in New York?

Pick a compliant name, appoint an in-state agent, file Articles of Incorporation with the New York Department of State ($125), adopt bylaws and issue stock, get an EIN, and file Biennial Statement filings. Then choose C-Corp (default) or S-Corp (Form 2553) tax treatment.

Do I need a registered agent for a New York corporation?

Yes. Every New York corporation needs an in-state agent with a physical address. ClearFormation includes agent service in all 50 states.

Does a New York corporation have to file an annual report?

Yes. New York requires a Biennial Statement, due Every 2 years, anniversary month, fee $9. Corporation Franchise Tax (min $25).

Should you be your own New York registered agent?

You can if you have a physical NY address and are there during business hours. Most corps use a commercial agent to keep their home off public records.

Does running a corporation in New York involve more paperwork than running other types of businesses?

Yes. A corporation needs bylaws, board meetings, minutes, a stock ledger, and an annual federal return (Form 1120 for C-Corp, 1120-S for S-Corp). An LLC is simpler for owner-operated businesses.

What is the difference between an LLC and a corporation in New York?

Both give liability protection. An LLC defaults to pass-through tax with fewer formalities. A corporation can issue stock and elect C-Corp or S-Corp tax treatment.

Is an LLC better than a corporation?

For owner-operated businesses without VC plans, an LLC is usually simpler. A corporation fits founders who need stock options, institutional investment, or an S-Corp election on a corporate entity.

How many people are needed to form a corporation in New York?

New York allows one shareholder and one director. A solo founder can be the sole incorporator, director, and all officers.

Can I form my New York corporation online?

Yes. New York accepts online filings through the New York Department of State. ClearFormation files online and returns stamped docs to your dashboard.

How do I change my corporation's name in New York?

File Articles of Amendment with the New York Department of State and pay the state fee. Update bylaws, bank accounts, and contracts that use the old name.

How do I dissolve my New York corporation?

Get board and shareholder approval, file dissolution papers with the New York Department of State, pay state taxes, and file a final federal return (Form 1120 or 1120-S).

Does New York have other professional entity types?

New York may offer professional corporations (PCs) for licensed fields. Check New York Department of State rules for your profession.

Do I need an EIN for my New York corporation?

Yes. Every corporation needs an EIN for banking, payroll, and federal tax returns. ClearFormation can file for non-US founders without an SSN.

LLC vs corporation in New York — which should I form?

An LLC is simpler and pass-through by default. A corporation fits VC fundraising, stock options, or an S-Corp election. US VCs often prefer a Delaware C-Corp for priced rounds.

Can a non-US resident form a corporation in New York?

Yes. New York has no US residency requirement for shareholders or directors. You need a US agent (included) and an EIN from the IRS. Non-US owners generally cannot elect S-Corp, so the default is C-Corp tax.

Can I convert a New York LLC into a corporation later?

Yes. New York allows statutory conversion or a Delaware flip before a priced round. You file conversion papers and issue stock to former members.

What's the difference between a C-Corp and an S-Corp in New York?

They are the same New York corporation filing with the New York Department of State. C-Corp is the default tax treatment. An S-Corp elects pass-through tax via Form 2553 but caps at 100 US shareholders and one stock class.

When does forming a corporation in New York make sense (vs. Delaware)?

Form in New York if you operate mainly there and are not raising VC soon. US VCs usually prefer a Delaware C-Corp for institutional rounds.

Do corporations in New York need to hold annual meetings?

Yes. Hold at least one board meeting and one shareholder meeting each year with documented minutes to preserve the liability shield.

Does a New York corporation need a separate bank account?

Yes. Keep corporate and personal funds separate. You need stamped Articles, an EIN, and a board resolution to open the account.

How much does it cost to incorporate in New York?

New York corporation filing: $125 Certificate of Incorporation. Biennial Statement: $9 every two years. Plus newspaper publication ($300–$1,600+ depending on county) within 120 days of incorporation.

New York corporation vs LLC?

A New York LLC offers pass-through tax but shares the publication requirement. A New York corporation suits founders raising capital who need corporate structure — but both entity types must publish in NY newspapers.

Does New York have a corporate income tax?

Yes — New York imposes a corporate franchise tax on C-Corps (based on business income, capital, or fixed dollar minimum — whichever is highest). The general corporation tax rate is 6.5% on allocated business income.

Incorporation cost in NY

The corporation filing fee is $125. Ongoing: Biennial Statement ($9, due Every 2 years, anniversary month). Corporation Franchise Tax (min $25).

NY · Corporation formation

Form a corporation in New York

Incorporate a New York corporation in the nation's financial capital. Choose C-Corp or S-Corp tax election. Plan for the $125 state fee, biennial Statement of Information, and newspaper publication requirement. ClearFormation includes a New York registered agent.

Business Formation + Registered Agent

$298first year

+ $125 NY state filing fee

New York corporation formation ($149 one-time)
NY Registered Agent — 1 year included ($149/yr after)

Start your NY corporation

New York requires newspaper publication after filing. You handle it. Within 120 days of formation. $300–$1,600+ depending on county (NYC counties are the most expensive; upstate is the cheapest). Read the full New York breakdown

New York corporation at a glance

Quick reference for incorporating a for-profit corporation in New York with the New York Department of State. C-Corp vs S-Corp is a tax election on the same filing.

State filing fee	$125
Processing time	7 business days online
Filing agency	New York Department of State
Registered agent	Required — physical NY street address
Annual report	Biennial Statement — $9, due Every 2 years, anniversary month
Franchise / corporate tax	Corporation Franchise Tax (min $25)
Registered agent (ClearFormation)	Included with formation

How to form a corporation in New York

There are six steps. File Articles of Incorporation with the New York Department of State, pay the $125 state fee, and appoint a New York registered agent. Most filings finish in 7 business days online.

1
Step 1: Name your New York corporation
- Your name must include "Corporation", "Incorporated", "Company", or an abbreviation.
- It must be unique on New York Department of State records.
- Search before you file.
- Words like "bank" may need approval.
- ClearFormation runs a name check before we file.
2
Step 2: Appoint a New York registered agent
- New York requires a registered agent with a physical NY street address.
- They accept lawsuits and state mail during business hours.
- A commercial agent is for when you don't have a local street address or can't be there during business hours.
- ClearFormation includes agent service in all 50 states.
3
Step 3: File with the New York Department of State
- Submit Articles of Incorporation with the $125 state fee.
- Processing is usually 7 business days online.
- You list your name, agent, authorized shares, and incorporator.
- ClearFormation prepares and files online for you.
4
Step 4: Issue stock and adopt bylaws
- Hold an organizational meeting: adopt bylaws, appoint directors, elect officers, and issue founder stock.
- If stock vests, file an IRS 83(b) election within 30 days.
- Included with ClearFormation.
5
Step 5: Get your EIN from the IRS
- You need an EIN to open a US bank account, hire staff, and file Form 1120.
- The IRS issues EINs for free.
- ClearFormation can file Form SS-4 for you — including for non-US founders without an SSN.
6
Step 6: Stay compliant in New York
- New York requires the Biennial Statement ($9), due Every 2 years, anniversary month.
- Corporation Franchise Tax (min $25).
- ClearFormation tracks deadlines and pre-fills your report.

Form your NY corporation now

We prepare the filing, include a NY registered agent, and walk you through bylaws and stock. Choose C-Corp or S-Corp tax election.

Start your NY corporation

How much does a New York corporation cost?

One-time state filing fee to the New York Department of State
Ongoing state reports and any franchise or income tax
Federal EIN and annual Form 1120 corporate tax return

One-time New York formation cost

The New York corporation filing fee is $125. Bylaws and stock certificates are included with ClearFormation.

Ongoing New York corporation cost

The Biennial Statement is $9, due Every 2 years, anniversary month. Corporation Franchise Tax (min $25). A C-Corp files federal Form 1120 and pays 21% federal corporate tax on profits. An S-Corp election (Form 2553) uses Form 1120-S instead.

What's included with ClearFormation

Registered agent service bundled into every plan
Bylaws, stock certificates, and organizational consent
Optional EIN filing for non-US founders without an SSN

Fees reviewed against New York Department of State (last reviewed June 2026).

Ready to file in New York?

State fee is $125. Our formation plan includes your first year of NY registered agent service.

Start your NY corporation

Post-incorporation checklist for a New York corporation

Stamped Articles from the New York Department of State create your company legally. Complete these steps in the first 30 days:

1. Adopt bylaws and hold the organizational meeting

Appoint the initial board and adopt bylaws.
Elect officers and authorize a bank account.
Approve the founder stock plan at the organizational meeting.

2. Issue founder stock and file 83(b) elections

Issue founder shares at par value on day one.
If stock vests, each founder must file an IRS 83(b) election within 30 days.
Missing the 83(b) window cannot be fixed later.

3. Get your EIN and open a corporate bank account

Get a corporate EIN — never use a founder SSN for the business.
Bring stamped Articles, EIN letter, bylaws, and a board resolution to the bank.
Keep personal and corporate funds in separate accounts.

4. Lock in tax and compliance calendars

Federal Form 1120 is due April 15 for calendar-year corps.
State: Biennial Statement is $9, due Every 2 years, anniversary month. Corporation Franchise Tax (min $25).
Foreign-owned corps may need Form 5472 with the corporate return.

5. BOI report — only if foreign-formed

Domestic US corps do not file a BOI report as of March 2025.
Foreign-formed entities registered in the US must file within 30 days of US registration.

Annual cadence: board meeting, shareholder meeting, Form 1120, Biennial Statement renewal, updated cap table.

Start your NY corporation today

Name check, state filing, registered agent, bylaws, and stock certificates in one checkout. Choose C-Corp or S-Corp tax election.

Form my NY corporation

What is a New York corporation?

A New York corporation is a for-profit company filed with the New York Department of State. The same entity can be taxed as a C-Corp (default — Form 1120, 21% federal corporate tax) or an S-Corp (Form 2553 pass-through). It is built for stock issuance, employee equity, and fundraising. For a full LLC vs corporation comparison, see our LLC vs corporation guide.

Largest financial center and dense consumer market. Incorporate in NY when you operate primarily here and want a domestic corporation without a Delaware flip. Non-US founders can own 100%.

Why incorporate in New York?

VC-ready structure — preferred stock, board governance, ISO options.
One domestic filing — $125 with the New York Department of State; simpler than DE + foreign qualification for local operators.
Limited liability — shareholders are generally not personally liable for corporate debts.

New York corporation pros and cons

Drawbacks to weigh before you incorporate:

C-Corp default means double taxation — 21% federal corporate tax, then tax again on dividends. An S-Corp election avoids that if you qualify.
More formalities — annual board and shareholder meetings, minutes, bylaws, and stock ledger maintenance.
New York corporate tax: Corporation Franchise Tax (min $25).
US VCs often prefer Delaware C-Corp over a New York domestic corporation for priced rounds.

Types of corporations in New York

C-Corporation — default tax treatment of the same corporation; unlimited shareholders and multiple stock classes.
S-Corporation — same formation filing, but elect pass-through tax via IRS Form 2553 (100-shareholder cap, one stock class).
Professional corporation (PC) — may be required for licensed professions; check New York Department of State rules.
Nonprofit corporation — separate filing path if you seek 501(c)(3) status (not covered here).

Is a New York corporation right for you?

Compare alternatives before filing:

LLC in New York — simpler pass-through tax for owner-operated businesses.
S-Corp vs LLC — payroll tax savings with added compliance.
LLC vs corporation — full comparison of structures.
Best state to form a business — if you're weighing New York vs Delaware.

Corporate governance in New York

A New York corporation is more formal than an LLC. After the New York Department of State approves your filing:

Adopt corporate bylaws.
Appoint a board of directors.
Elect officers (President, Secretary, Treasurer — titles can vary).
Issue stock to founders at the organizational meeting.

What does a corporate board of directors do?

Oversees major decisions: budgets, stock issuances, CEO hire, financings.
Early-stage founders often sit on the board themselves.
Document decisions in written consents or meeting minutes.
Skipping minutes is the fastest way to lose corporate veil protection.

What kind of stock can I issue?

Authorize common stock for founders in your Articles of Incorporation.
Reserve preferred stock for future investors when needed.
List authorized share counts and par value on the formation document.
ClearFormation includes bylaws and stock certificates for founder issuance.

Officers and day-to-day operations

Officers run daily operations; the board sets strategy.
A solo founder can be the sole director and hold all officer roles.
Update cap table, bylaws, and board composition as you add co-founders or investors.

Foreign entities doing business in New York

Out-of-state corps with staff, offices, or major sales in New York may need to register as a foreign corporation with the New York Department of State.
That filing needs a NY registered agent with a physical in-state address — included with ClearFormation.
If you incorporate in New York but operate elsewhere, you may need to foreign-qualify in those states instead.
See our foreign qualification guide or get a NY registered agent.

New York Department of State contact information

File Articles of Incorporation with the New York Department of State.
Search the state business database to confirm your name is available.
Keep stamped formation docs with your bylaws, stock certificates, and EIN letter for banking and investors.

How is a New York corporation taxed?

By default a New York corporation is a C-Corp and pays tax at these levels:

Files IRS Form 1120 and pays 21% federal corporate income tax on profits.
Dividends to shareholders are taxed again on personal returns — the classic double tax.
State level: Corporation Franchise Tax (min $25)
File the Biennial Statement ($9) with the New York Department of State.

Eligible US owners can elect S-Corp treatment (Form 2553) on the same corporation if they meet IRS rules. See S-Corp vs LLC. Operating outside New York? You may need to foreign-qualify elsewhere.

Quarterly estimated taxes and payroll

Profitable C-Corps often pay quarterly estimated federal tax (Form 1120-W).
With employees in New York, withhold payroll taxes and file state unemployment returns.
Budget for CPA support — corporate compliance is heavier than a pass-through LLC.

Foreign-owned corporations

25%+ foreign ownership may require IRS Form 5472 with the corporate return.
Non-US founders should plan for this from incorporation day.

How to dissolve a New York corporation

Get board and shareholder approval to dissolve.
File Articles of Dissolution with the New York Department of State.
Pay outstanding state taxes and cancel foreign registrations.
File a final IRS Form 1120. Skipping formal dissolution can trigger ongoing report fees.

Common New York corporation mistakes

Missing the 83(b) election window. Founders with vesting stock must file within 30 days of issuance — there is no extension.
Skipping board meetings and minutes. Corporate formalities preserve the liability shield; skipping them is the #1 veil-piercing risk.
Commingling personal and corporate funds. Use a dedicated corporate bank account from day one.
Missing the biennial statement. Can cost you good standing or trigger administrative dissolution.

Corporation vs LLC in New York: which should you form?

Both entities give you the same liability shield. The main differences are tax, ownership, and fundraising options. A corporation can be taxed as a C-Corp (default) or an S-Corp (Form 2553).

Form an LLC in New York if

You want pass-through tax with less paperwork.
You do not plan to raise US venture capital.
You run a consulting firm, agency, store, or freelance business.