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How much will it cost to set up an LLC? How many recurring fees will this incur?
by egypturnash 5y ago
How much will it cost to set up an LLC? How many recurring fees will this incur?
- deleted 5y ago[deleted]
- freeone3000 5y agoDepends on state of incorporation. It's usually a low one-time fee -- Texas is $300. There's also no need to incorporate in a state you are physically present in, but it makes taxes simpler if the state you're in requires state income tax.
- radley 5y agoCalifornia has a minimum $800 annual tax. The first year is waived for any LLC, LP, & LLP set up during 2021-23 due to the pandemic.
- ModernMech 5y agoSetting up an LLC varies by state, but to pay someone else to do this for you (like LegalZoom) it's about $350 + $50 for an EIN. Then there's a filing you have to make every so-many years (like 10 years. I don't know how much that costs).