Question 1

How much does it cost to form an LLC?

Accepted Answer

LLC formation costs vary by state, ranging from $40 (Kentucky) to $500 (Massachusetts). Most states charge between $50 and $200. Additional costs may include registered agent fees ($0-$300/year) and operating agreement preparation.

Question 2

Do I need a registered agent for my LLC?

Accepted Answer

Yes, all states require LLCs to have a registered agent with a physical address in the state. You can serve as your own registered agent, use a friend or family member, or hire a professional registered agent service ($50-$300/year).

Question 3

What are the annual costs of maintaining an LLC?

Accepted Answer

Annual LLC costs include state annual report fees ($0-$800), franchise taxes ($0-$800 depending on state), registered agent fees ($0-$300), and business license renewals. Total annual costs typically range from $0 to $1,500.

LLC Formation Cost

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