LLC costs / New York / Virginia

New York vs Virginia LLC

Virginia is cheaper to form by $100. Over five years, New York costs $127.50 less in state fees.

New YorkVirginia
Formation fee$200$100
Recurring fee$9 every 2 years$50 a year
State fees over 5 years$222.50$350
Register an out-of-state LLC$250$100
Newspaper publication requiredYesNo
New LLCs per week (avg)3,7702,654
Domestic LLCs with an out-of-state address–2%
Still active 12–24 months after forming–66%
Formation to public record, median (proxy)1 day4 days

Weekly averages cover the last 52 weeks both states have data for. "–" means the state's registry data can't support that number; see methodology.

New LLCs per week

New New York LLCs per weekOct 27: 3,535; Nov 3: 3,551; Nov 10: 3,641; Nov 17: 3,669; Nov 24: 2,534; Dec 1: 3,681; Dec 8: 3,602; Dec 15: 3,577; Dec 22: 2,384; Dec 29: 3,052; Jan 5: 4,313; Jan 12: 4,150; Jan 19: 3,968; Jan 26: 3,777; Feb 2: 3,931; Feb 9: 3,956; Feb 16: 3,688; Feb 23: 3,903; Mar 2: 4,164; Mar 9: 4,296; Mar 16: 4,402; Mar 23: 4,167; Mar 30: 3,932; Apr 6: 3,641; Apr 13: 3,931; Apr 20: 4,468; Apr 27: 4,327; May 4: 4,042; May 11: 4,285; May 18: 3,814; May 25: 3,433; Jun 1: 4,330; Jun 8: 3,865; Jun 15: 3,617; Jun 22: 3,757; Jun 29: 3,083; Jul 6: 3,682; Jul 13: 3,734; Jul 20: 3,751; Jul 27: 3,735; Aug 3: 3,760; Aug 10: 3,716; Aug 17: 3,749; Aug 24: 3,750; Aug 31: 3,886; Sep 7: 3,235; Sep 14: 3,777; Sep 21: 3,667; Sep 28: 3,581; Oct 5: 3,756; Oct 12: 3,857; Oct 19: 3,96302.5k5kOct 27: 3,535Nov 3: 3,551Nov 10: 3,641Nov 17: 3,669Nov 24: 2,534Dec 1: 3,681Dec 8: 3,602Dec 15: 3,577Dec 22: 2,384Dec 29: 3,052Jan 5: 4,313Jan 12: 4,150Jan 19: 3,968Jan 26: 3,777Feb 2: 3,931Feb 9: 3,956Feb 16: 3,688Feb 23: 3,903Mar 2: 4,164Mar 9: 4,296Mar 16: 4,402Mar 23: 4,167Mar 30: 3,932Apr 6: 3,641Apr 13: 3,931Apr 20: 4,468Apr 27: 4,327May 4: 4,042May 11: 4,285May 18: 3,814May 25: 3,433Jun 1: 4,330Jun 8: 3,865Jun 15: 3,617Jun 22: 3,757Jun 29: 3,083Jul 6: 3,682Jul 13: 3,734Jul 20: 3,751Jul 27: 3,735Aug 3: 3,760Aug 10: 3,716Aug 17: 3,749Aug 24: 3,750Aug 31: 3,886Sep 7: 3,235Sep 14: 3,777Sep 21: 3,667Sep 28: 3,581Oct 5: 3,756Oct 12: 3,857Oct 19: 3,963Oct 27Apr 20Oct 19
New YorkData from RecordWire
New Virginia LLCs per weekOct 27: 2,376; Nov 3: 2,400; Nov 10: 2,377; Nov 17: 2,486; Nov 24: 1,660; Dec 1: 2,500; Dec 8: 2,298; Dec 15: 2,276; Dec 22: 1,580; Dec 29: 2,667; Jan 5: 3,213; Jan 12: 2,941; Jan 19: 1,750; Jan 26: 3,270; Feb 2: 2,978; Feb 9: 2,815; Feb 16: 2,750; Feb 23: 3,119; Mar 2: 3,053; Mar 9: 2,861; Mar 16: 2,992; Mar 23: 2,964; Mar 30: 2,795; Apr 6: 2,628; Apr 13: 2,930; Apr 20: 3,150; Apr 27: 3,101; May 4: 2,837; May 11: 2,857; May 18: 2,725; May 25: 2,638; Jun 1: 2,672; Jun 8: 2,658; Jun 15: 2,340; Jun 22: 2,768; Jun 29: 2,360; Jul 6: 2,650; Jul 13: 2,595; Jul 20: 2,826; Jul 27: 2,764; Aug 3: 2,808; Aug 10: 2,747; Aug 17: 2,673; Aug 24: 2,751; Aug 31: 2,755; Sep 7: 2,386; Sep 14: 2,720; Sep 21: 2,686; Sep 28: 2,068; Oct 5: 2,804; Oct 12: 2,447; Oct 19: 2,52102k4kOct 27: 2,376Nov 3: 2,400Nov 10: 2,377Nov 17: 2,486Nov 24: 1,660Dec 1: 2,500Dec 8: 2,298Dec 15: 2,276Dec 22: 1,580Dec 29: 2,667Jan 5: 3,213Jan 12: 2,941Jan 19: 1,750Jan 26: 3,270Feb 2: 2,978Feb 9: 2,815Feb 16: 2,750Feb 23: 3,119Mar 2: 3,053Mar 9: 2,861Mar 16: 2,992Mar 23: 2,964Mar 30: 2,795Apr 6: 2,628Apr 13: 2,930Apr 20: 3,150Apr 27: 3,101May 4: 2,837May 11: 2,857May 18: 2,725May 25: 2,638Jun 1: 2,672Jun 8: 2,658Jun 15: 2,340Jun 22: 2,768Jun 29: 2,360Jul 6: 2,650Jul 13: 2,595Jul 20: 2,826Jul 27: 2,764Aug 3: 2,808Aug 10: 2,747Aug 17: 2,673Aug 24: 2,751Aug 31: 2,755Sep 7: 2,386Sep 14: 2,720Sep 21: 2,686Sep 28: 2,068Oct 5: 2,804Oct 12: 2,447Oct 19: 2,521Oct 27Apr 20Oct 19
VirginiaData from RecordWire

The usual rule: form the LLC in the state where the business operates. Forming elsewhere means registering as a foreign LLC at home too, and paying both states' fees ($250 in New York, $100 in Virginia).

Sources: New York fee schedule · Virginia fee schedule · filing data from RecordWire