A State by State Guide of LLC Fees
There are several costs associated with forming a Limited Liability Company (LLC) that every business owner should be aware of. In this guide, we will discuss two primary fees associated with LLC formation: the one-time filing fee and the recurring fee. The filing fee is a one-time payment made to the state when you form your LLC, while the recurring fee is a mandatory payment required annually or biennially to keep your LLC in good standing. We will also explore how these fees vary significantly from state to state, providing insight into what you can expect based on your location. Understanding these costs is critical to maintaining your business and ensuring compliance with state regulations. Whether you are a U.S. resident or nonresident, this guide will help you make informed decisions about forming an LLC in different states.
What is an LLC Filing Fee?
- The fee paid to the state when forming an LLC, which is a one-time payment, is referred to as the filing fee.
- This fee is not billed monthly; no state operates on a monthly LLC fee system.
What is a Recurring Fee?
- A mandatory recurring payment made directly to the government either annually or biennially.
- This is to keep your LLC in good standing!
- Failure to pay this recurring fee can result in the dissolution of your LLC in most states.
It is important to note that lower fees in one state do not necessarily mean that it is the best choice for your LLC.
At a high level:
- Non-US residents have the flexibility to select any state for forming their LLC. Among non-US residents, Wyoming and Delaware are commonly favored choices. You can find a comprehensive guide comparing the pros and cons of forming an LLC in each state here.
- For U.S. residents, it’s advisable to form an LLC in the state where you currently live or reside. Choosing a state other than your home state may require both a domestic LLC filing and a foreign LLC filing, effectively doubling the associated costs, maintenance and administrative tasks as if you were managing two separate LLCs.
- However, at the end of the day, it’s your business, your choice!
LLC Filing Costs + Recurring Fees by State
Alabama State filing fee is a minimum of $150 that can vary from country to country. The recurring fees of this state are $100 includes annual privilege tax.
Alaska State filing fee is about $250 and the recurring fee is $200 every two years.
Arizona State, the filing fee is $50 with publishing cost. The report of recurring fees annually is $0.
Arkansas State has a $50 filing fee and the recurring fee is $150.
California State has a $70 filing fee and $800 franchise tax annually and a $20 statement of information annually.
Colorado State has a $50 filing fee and the recurring fee is $10 annually.
Connecticut State has a $120 filing fee and $20 annual recurring fee.
Delaware State has $90 and the recurring fee is $300 franchise tax annually.
Florida State has $125 and the recurring fee is $138.75 annually.
Georgia State has a $100 filing fee and the recurring fee is $50 annually.
Hawaii State has a $50 filing fee and $15 recurring fee annually.
Idaho State has a filing fee of $100. And recurring fee about $0.
Indiana State has $95 online and $100 by a mail filing fee and the recurring fee of $20.
Illinois State has a $150 filing fee and a $75 recurring fee.
Iowa State has a filing fee of $50 and $60 recurring fee according to the biennial report.
Kansas State has a filing fee of $160 online and $165 by mail. The recurring fee of this state is $55 annually.
Kentucky State has a filing fee of $40 and the recurring fee of $15 annually.
Louisiana State has a $100 filing fee and the recurring fee of $30 annually.
Maine State has a $175 filing fee and $85 annually recurring fee.
Maryland State has a $100 filing fee and a $300 annual recurring fee.
Massachusetts State has a $500 filing fee and a recurring fee is also $500 annually.
Michigan State has a $50 filing fee and a recurring fee is $25 annually.
Minnesota State has a $135 filing fee and the recurring fee is $0 annually.
Mississippi State has a $50 filing fee and a recurring fee is $0.
Montana State has a $70 filing fee and the recurring fee of this state is recorded as $20 annually.
Nebraska State has a $105 filing fee. The recurring fee is $10 biennially.
Nevada State has $75 plus $150 for an initial list of officers. And the recurring fee is $150 annually.
New Hampshire State has a filing fee of $100 and the recurring fee is about $100 annually.
New Jersey State has a filing fee of $125 and the recurring fee of $50 annually.
New Mexico State has a filing fee of $50 and the recurring fee is $0.
New York State has a filing fee of $200 and a $9 recurring fee.
North Dakota State has a $125 filing fee and $50 annual recurring fee.
Ohio State has a $99 filing fee and $0 recurring fee.
Oklahoma State has a $100 filing fee and $25 recurring fee.
Oregon State has a $100 filing fee and $100 recurring fee
Pennsylvania State has a filing fee of $125 and a recurring fee of $0.
Rhode Island State has a filing fee of $150 and the recurring fee is $0.
South Carolina State has a filing fee of $110 and a recurring fee of $0.
Tennessee State has a filing fee of $300 minimum and a recurring fee of $300 minimum.
Texas State has a $300 filing fee and reportedly has a $0 recurring fee.
Utah State has a $70 filing fee and the recurring fee of $ 15.
Virginia State has a $100 filing fee and a $50 recurring fee.
Washington State has a $200 filing fee and $60 recurring fee.
Wyoming State has a $100 mail and $102 filing fee and $60 annual recurring fee.
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Do you have any other questions?
Understanding the costs and requirements for forming and maintaining an LLC can be overwhelming, but we’re here to help! If you have any additional questions about LLC fees, state requirements, or anything else related to starting or managing your business, please don’t hesitate to contact us at support@startxpress.io!
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