What ongoing state fees apply to a New York business?
New York LLCs generally owe an annual filing fee based on gross income, separate from any income tax, while corporations file franchise tax returns with the state. Both filings continue for as long as the entity exists, whether or not it is actively trading.
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How it works
The LLC filing fee is calculated on a schedule tied to New York-source gross income and is paid with a specific state form. Corporations calculate franchise tax under separate state rules that can depend on income, capital or a fixed minimum, whichever the rules set as applicable.
Commonly mixed up with
These recurring state filings are sometimes confused with the one-time formation filing at the Department of State. They are separate, ongoing tax obligations owed to the Department of Taxation and Finance.
What ongoing state fees apply to a New York business?
| Knowledge, New York | Business and finance |
|---|---|
| Short answer | New York LLCs generally owe an annual filing fee based on gross income, separate from any income tax, while corporations file franchise tax returns with the state. Both filings continue for as long as the entity exists, whether or not it is actively trading. |
| How it works | The LLC filing fee is calculated on a schedule tied to New York-source gross income and is paid with a specific state form. Corporations calculate franchise tax under separate state rules that can depend on income, capital or a fixed minimum, whichever the rules set as applicable. |
| Commonly mixed up with | These recurring state filings are sometimes confused with the one-time formation filing at the Department of State. They are separate, ongoing tax obligations owed to the Department of Taxation and Finance. |
| Last reviewed | 2026-08-08 |
Short questions
- Does a dormant LLC still owe the fee?
- Filing obligations can continue even with no active income, depending on the entity's status.
- Is the LLC fee the same as income tax?
- No, it is a separate filing fee based on gross income brackets.
- Do corporations pay a minimum tax?
- New York franchise tax rules include a minimum tax that can apply regardless of income.
- How often are these filed?
- These are typically annual filings tied to the entity's tax year.
- Where are the rules?
- The Department of Taxation and Finance publishes current fee schedules and franchise tax rules.
Sources
More in this track
- How do you form an LLC in New York State?
- How do you form a corporation in New York State?
- What is an EIN and how do you get one?
- When does a New York business need to register for sales tax?
- What does an employer need before hiring in New York?
- What is the difference between federal and New York State business tax?
- What does a business need to open a bank account in New York?
- What decides commercial office lease terms in New York City?
- Does a business need a license to operate in New York City?
These pages explain how the rules work and link the authority that owns them. They are not legal, tax or immigration advice, and amounts and thresholds change, so open the source before you act.
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Machine-readable summaries for AI agents: /llms.txt and /llms-full.txt.
