 Florida |  New York | |
|---|---|---|
| All-in to start with usOur $40 fee with the EIN, the registered agent for the first year, and the state fee. | $210 | $285 |
| State filing fee | $125 | $200 |
| Typical approval time | 2–5 business days | 1–2 weeks (publication required) |
| What the state asks each year | Annual report $138.75 | Biennial statement $9 |
| Yearly state cost, about | $138.75 | $4.50 |
| Total over 5 years, aboutFormation, then four years of registered agent ($45) and state fees. Excludes bookkeeping and IRS filings, which are the same in every state. | $945 | $483 |
| State income tax on wages | None | Yes |
| Owners in the public formation document | Can be listed | Can be listed |
| Newspaper publication after formation | No | Required |
Florida against New York
Advantages
- Cheaper to form: $125 state fee against $200 in New York.
- Faster approval: usually 2–5 business days, against 1–2 weeks (publication required).
- No state income tax on wages.
- No newspaper publication after formation.
- A large, well-known state with a big international banking scene.
Disadvantages
- About $134.25 a year more to keep than New York (annual report $138.75).
New York against Florida
Advantages
- Cheaper to keep: about $4.50 a year to the state, against $138.75 in Florida.
Disadvantages
- Costs $75 more to form than Florida.
- Slower approval: usually 1–2 weeks (publication required).
- Has a state income tax, though it normally only reaches income connected to the state.
- Requires a newspaper publication after formation, arranged and paid by you (budget several hundred dollars).
Which one to choose
For the lowest cost over time, New York: about $462 less over five years.
If speed matters most, Florida is usually approved sooner (2–5 business days).
If your company will have staff, an office or a warehouse in one particular state, form it there: otherwise you register in that state anyway. Federal taxes and IRS filings are the same in every state.
General information about the states, not legal or tax advice. State fees change occasionally; the price at checkout is the price you pay.
Florida or New York
Questions about this comparison
Is a Florida or a New York LLC cheaper?
Florida is cheaper to form: $210 all-in with us, against $285. Each year after, Florida costs the state about $138.75 and New York about $4.50, plus $45 for the registered agent.
Which is faster, Florida or New York?
Florida usually approves an LLC in 2–5 business days, New York in 1–2 weeks (publication required). We file within 48 hours of payment in either state.
Can a non-US resident form an LLC in Florida or New York?
Yes, in both. Neither state asks for citizenship or residency, and the registered agent we include provides the in-state address. The EIN is included without an SSN.
Another pair