New York Corporation Biennial Report
By Edmond Hui · Facts verified July 29, 2026 against primary state sources
Edmond Hui · Founder, MyStateLLC
Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.
What New York requires
Biennial Statement
| Frequency | every two years |
| Due | Every two years, during the calendar month in which the original Certificate of Incorporation was filed with the Department of State |
| Fee | $9 |
| Form | Biennial Statement |
New York is one of 7 states on a biennial corporate reporting cycle — which works out to $4.50 a year once averaged, the number to use when comparing against annual-filing states. Nationally, 41 states require an annual corporate report, 7 require one every two years, and 2 require none.
What the filings cost over five years
State filing charges only — incorporation plus five years of reporting, annualized. Because this state reports every two years, the yearly figure is the fee halved; a biennial filer actually writes two or three cheques over five years, not five. Corporate income tax and franchise tax are excluded, because both depend on income or net worth.
| Period | State filing charges |
|---|---|
| Incorporation | $125 |
| Each year after (report, annualized) | $4.50 |
| Five-year equivalent (annualized) | $147.50 |
That ranks New York 8th cheapest of 49 states on five-year corporate filing charges.
New York corporation vs New York LLC
State filing charges only. Corporate income tax and franchise tax are excluded because both depend on income or net worth, so no flat figure exists for either entity.
| Corporation | LLC | |
|---|---|---|
| Formation filing fee | $125 | $200 |
| Report cadence | Every two years | Every two years |
| Report fee | $9 | $9 |
| Entity-level tax on the LLC side | — | Partnership, LLC and LLP Annual Filing Fee |
Worth noticing: a corporation is $75 cheaper to file here than an LLC. That is the exception nationally — corporations are the cheaper filing in only 15 of the 50 states, the two entities cost the same in 25, and the LLC is cheaper in 10.
Full New York LLC cost breakdown · LLC vs C-corp explained · LLC vs S-corp explained
State taxes a New York corporation pays
Corporate income tax
| Applies | Yes |
| Rate | Article 9-A franchise tax on the business income base: 6.5% general rate; 7.25% for general business taxpayers whose business income base exceeds $5,000,000 (rates for tax years beginning on/after Jan 1, 2025; the 7.25% rate is in effect through the 2026 tax year). Qualified NY manufacturers 0.00%. |
| Minimum tax | $25 |
Franchise or gross-receipts tax
New York's corporate tax is a franchise tax under Article 9-A. C corporations pay the highest of the business income base tax, the capital base tax, or the fixed dollar minimum tax. The C-corporation fixed dollar minimum tax is based on New York receipts and ranges from $25 (receipts up to $100,000) to $200,000 (receipts over $1 billion). Paid to the Department of Taxation and Finance (not the Department of State).
The $25 minimum tax is deliberately left out of the filing-charge totals on this page. A minimum tax is owed to the state tax authority on a tax return, not to the business filing office — but unlike an income-based tax it is a floor, so treat it as a recurring cost of keeping the corporation alive here.
What these totals leave out: the filing-charge figures on this page are what you pay the business filing office. They exclude corporate income tax and any franchise or gross-receipts tax, because both depend on income, net worth or receipts. The section above sets out what New Yorklevies — or that it levies neither. Where a state's franchise tax carries a flat minimum, that minimum is an unavoidable annual cost these totals do not include, and over five years it can be the larger number.
C-corp return: CT-3 (General Business Corporation Franchise Tax Return)
Frequently Asked Questions
Where these numbers come from
This page covers the recurring report a for-profit corporation files with New York. Every figure was checked against New York's own published sources on July 29, 2026— the state business filing agency's fee schedule, the governing statute, and where a state tax applies, the state Department of Revenue. Commercial formation-service pages were used as leads only and are never cited. Anything the review could not confirm from an official source is left blank on this page rather than filled with an estimate.
Corporate income tax and franchise tax are quoted as the state publishes them, as rate schedules and thresholds, and are excluded from every dollar total here. They depend on income or net worth, so there is no flat figure that would be true for every corporation.
Primary sources:
- https://www.tax.ny.gov/bus/ct/def_art9a.htm
- https://dos.ny.gov/certificate-incorporation-domestic-business-corporation
- https://dos.ny.gov/biennial-statements-business-corporations-and-limited-liability-companies
- https://www.tax.ny.gov/pdf/current_forms/ct/ct3si.pdf
- https://www.tax.ny.gov/forms/current-forms/ct/ct6.htm