Compare Business Types in New York
Side-by-side comparison of all business entity types. Find the best structure for your New York business.
| Feature | Corporation | LLC | Nonprofit | Partnership | S-Corp |
|---|---|---|---|---|---|
| Filing Fee | $125 | $200 | $75 | $0 | $125 |
| Processing Time | 5-7 business days | 5-10 business days | 10-15 business days | Immediate upon agreement execution | 5-7 business days |
| Annual Tax | $25 | — | — | — | $25 |
| Registered Agent | Optional | Optional | Optional | Optional | Optional |