franchise tax small business

Why Small Businesses May Benefit More From Incorporating in New York or New Jersey Than Delaware — Photo by Kampus Production

Cut Franchise Tax by 30% with New York Incorporation

Incorporating in New York can lower a micro-café’s franchise tax bill by up to 30% compared with Delaware because New York uses a tiered tax that scales with earnings, while Delaware adds hidden fees that grow with equity and filings. In 2024, New York charges a minimum franchise tax