How Much Does it Cost to Form an LLC in 2022? | Fees by State

Overview

 

How much does it cost to form an LLC in 2022?

State Filing Fee Recurring Fees
Alabama $200 $10 Annual Report
$100 Annual Privilege Tax (minimum)
Alaska $250 $100 (every two years)
Arizona $50 (plus publishing costs) $0 (report due annually)
Arkansas $45 online, $50 by mail $150 Franchise Tax Report (annually)
California $70 $800 – Franchise Tax (annually)
$20 – Statement of Information (annually)
Colorado $50 $10 (annually)
Connecticut $120 $80 (annually)
Delaware $90 $300 Franchise Tax (annually)
Florida $125 $138.75 (annually)
Georgia $100 online, $110 by mail $50 (annually)
Hawaii $50 $15 (annually)
Idaho $100 online, $120 by mail $0 (report due annually)
Illinois $150 $75 (annually)
Indiana $95 online, $100 by mail Biennial report – $32 online, $50 by mail
Iowa $50 $60 (biennial report)
Kansas $160 online, $165 by mail $55 (annually)
Kentucky $40 $15 (annually)
Louisiana $100 $30 (annually)
Maine $175 $85 (annually)
Maryland $100 $300 (annually)
Massachusetts $500 $500 (annually)
Michigan $50 $25 (annually)
Minnesota $155 online, $135 by mail $0 (report due annually)
Mississippi $50 $0 (report due annually)
Missouri $50 online, $105 by mail $0
Montana $70 $20 (annually)
Nebraska $100 online, $110 by mail $10 (biennial report)
Nevada $75, plus $150 for the initial list of officers $150 Annual List of Members & Managers
New Hampshire $100 $100 (annually)
New Jersey $125 $75 (annually)
New Mexico $50 $0
New York $200 (plus publishing costs) $9 (biennially)
North Carolina $125 $200 (annually)
North Dakota $135 $50 (annually)
Ohio $99 $0
Oklahoma $100 $25 (annually)
Oregon $100 $100 (annually)
Pennsylvania $125 (plus publishing costs) $70 (decennial report)
Rhode Island $150 $50 (annually)
South Carolina $110 $0
South Dakota $150 online, $165 by mail $50 (annually)
Tennessee $300 (minimum) $300 (minimum)
Texas $300 $0 report
Franchise Tax
Utah $70 $20
Vermont $125 $35 (annually)
Virginia $100 $50 (annually)
Washington $200 $60 (annually)
West Virginia $100 $25 (annually)
Wisconsin $130 online, $170 by mail $25 (annually)
Wyoming $102 online, $100 by mail $50 minimum (annually)

 

Some people will look at the cost of starting an LLC as too expensive and want to form a Sole Proprietorship instead. Learn the differences between an LLC and Sole Proprietorship to see which one is right for you.

 

How much does it cost to maintain an LLC?

The “Recurring Fees” column in the table above shows the costs to maintain an LLC in each state. This fee is generally the Articles of Organization and Franchise Fee if applicable.

Do you have to pay for an operating agreement?

While anyone can generate an operating agreement, it may be worth considering having an attorney help draft one to ensure it covers the owners.

What is the processing time to form your LLC?

The time to form an LLC varies by state, but can range between minutes to four weeks. In many states where processing takes longer, expedited processing is available for an additional fee.

Do you need a registered agent for an LLC?

Each state requres LLCs to have a registered agent (called a resident agent in some states). The registered agent can be the owner of the business, accountant or anyone who lives in the state and is generally available during normal business hours. Some businesses will pay a registered agent service for additional privacy and peace of mind knowing someone is always available to receive service of process should the LLC be sued.

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