How much does it cost to start an agency in NYC? What does that entail? Very curious

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$500 to start an LLC.

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^depends on what you mean by "starting an agency” doesn’t it? You can start an agency by yourself in your home. It could eventually be comprised of 10 people or 1,000.

Like the first person to respond, I thought you just meant the cost of going LLC. But otherwise the question is kinda like “how much does a car cost?”...depends on the car.

likesmart

To start an agency in NY or anywhere else in the world for that matter, you need CLIENTS. Simple as that.

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And probably office rents and other necessary supplies. Not to mention get clients, I suppose

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NYC is probably gonna be expensive. I started my shop in LA after leaving the music biz. My team and i work remotely with 2 meetings a week to discuss new/old business. Overhead is low for now.

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Yeah New York is tough because taxes are high, rent is high, talent is expensive and benefits are expensive no matter where you are. For an office for 10 employees + all of that you’re looking at at least 500k but probably more like a million. Unless you did WeWork and offered no benefits. That’s why you need clients from day 1

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You’re asking the wrong question.

You need a client before you can start. If you don’t have a client, you can’t afford an office. You can’t afford employees. Etc.

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Requires poaching creatives from elsewhere.

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Idk OP look into the cost of leasing an office. It'll vary by neighborhood. You're also probably not going to do everything yourself so factor in employee cost.

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Have you considered a Wework location?
And you’ll need a LLC or DBA depending on the business structure.
3rd party software may take up a lot of the initial finances but that’s all subjective to the type of agency you have

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@CW3 exactly...how much you bring in is gonna dictate what you want to spend. You can’t estimate the cost of office space or supplies or overhead without having some shape of the business you’re trying to grow. Which isn’t to give the OP a hard time...it’s just kinda impossible to answer because of the endless variables.

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It entailing winning a client before you open. That’s how most NYC agencies start

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Starting a creative shop, an office and everything

What other expenses are there? How much do you anticipate paying initially if you have a couple of friends doing it together?

What if they hire people to work remotely that are good and actually work when remote?

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