While it may seem a formality, filing your annual report on time is essential, and the consequences of failing to file can be severe. For example, some states may impose a late fee, penalties, and taxes, while others may even dissolve your LLC. Beneficial ownership information reporting: ...
In some states, the filing fees for an LLC can be as low as $40 to $50, making them the most affordable options for entrepreneurs looking to form an LLC. On the other end of the spectrum, states like Massachusetts and Illinois have filing fees exceeding $500, making them some of the...
There is usually a small filing fee associated with forming an LLC. Owners may also choose to employ a tax professional to handle the formation paperwork on their behalf, which adds cost to the process.There are exceptions to personal liability protection...
State: LLC Filing Fee Alabama $200 Alaska $250 Arizona $50 Arkansas $45 California $70 Colorado $50 Connecticut $120 Delaware $90 Florida $125 Georgia $100 Hawaii $50 Idaho $100 Illinois $150 Indiana $95 Iowa $50 Kansas $160 Kentucky $40 Louisiana $100 Maine $175 Maryland $100 Massachu...
You should also note thateach statecharges its own filing fee. This is on top of the charges set by your formation service and can be as low as $50 or more than $200. The service fees your state charges will depend on the legal forms you need to fill out and the state fees wher...
Depending on the nature and location of your business, you may be required to register for several forms of state tax: If you are selling a physical product, you’ll typically need to register your company for sales & use tax. If you have employees, you may need to register for unemploym...
The required form in Illinois is Form LLC-5.5, which can be filed with the Illinois Secretary of State’s office online or by mail. The state filing fee is $150, payable to the Secretary of State by certified check, money order, or other accepted forms of payment. You’ll be required...
Illinois LLC Formation: Choose a business name, get a registered agent, and file the Articles of Organization with IL. All in one place.
Form a LLC in Illinois To register a LLC in Illinois, you need file theLLC FormAnd the application fee is $500.00. For more information about other Forms and Fees, ClickForms of Illinois contact information: Limited Liability Company Section ...
Scenario A:John starts a business in Michigan and registers his LLC in Michigan. He pays a filing fee and an ongoing maintenance fee each year to keep his LLC in good standing. Scenario B:Mike opens a business in Michigan but chooses to register his LLC in Delaware. Because his business ...