What does an LLC really cost in your state? Our free calculator adds state fees plus what each formation company charges, in year one and after the first renewal. Compare up to three side by side. https://t.co/bRZnGJUBbY
@sklyarov The classic: an LLC filed a year before the product. The state's clock doesn't wait for launch. Florida, for one, wants a $138.75 annual report by May 1 every year, plus a $400 late fee if you miss it. Zero sales isn't an excuse they accept.
A DBA doesn't turn your side hustle into a company. It's a name tag. The liability shield comes from the LLC behind the name, and even that has limits.
ZenBusiness agent: $99 year one with a new LLC, then $199 a year. Northwest: flat $125. Intro prices are cute until year three. Three-year total: $497 vs $375.
@MarkRMatthews On the registeredagent line: check what year two costs before you sign. Some plans renew well above the intro price. The annual report fee goes to the state, and it's the same whether a service files it or you do.
@thisdecfairy Congrats, founder. If that LLC is in California, the state takes the title seriously too: $800 a year in LLC tax, due even with $0 revenue, every year until you cancel it.
@MadiToTheMoon That's rough. Cancel it in writing and ask them to name what the $200 a month is. If you never agreed to it, tell your card issuer it was unauthorized. And you called it: you don't need a filing service. The state form and state fee are the same when you file it yourself.
Delaware registered agent quit without naming a replacement? It takes effect 30 days after filing. No new agent by then and Delaware cancels your LLC's certificate.
@RayRaySilvers Texas has no income tax, so people assume no paperwork. Nope. Your LLC files a Public Information Report with the Comptroller every year, even when it owes $0 franchise tax. Under the threshold it's the only franchise tax filing, which is why people forget it.
@LukaTheFounder When you open it, put this on the list: a US LLC with one non-US owner files Form 5472 plus a pro forma 1120 for any year money moves between you and it, even at $0 income. Funding it counts. Skip it and the IRS penalty is $25,000. A CPA who does non-resident LLCs is worth it.
@stevebrassard Forming before revenue is pretty common. Just know the state won't care about the $0. If your state has an annual report, it's due on schedule anyway, since it mostly updates your addresses and who runs the LLC. Skip it and you can lose good standing.
Your LLC opens a bank account in Texas, holds a members' meeting there, and owns property there (and does nothing else there). On their own, none of those require registering in Texas. Texas lists 16 activities like that by statute.
@MooNanaStudio Good luck with the boxes. Search tip for later: some states call that move a conversion and others call it a domestication, and both the old state and the new one have to allow it. Done that way it stays the same LLC, and the IRS says moving alone doesn't need a new EIN.
@just_some_dev Fair catch, SAFEs change the math. If you're raising on them, your C corp call holds up. The 8832 route is more for an LLC owner who only wants the corporate tax treatment and isn't raising money.
Operating in a state without registering your LLC there? Every state limits your right to sue in its courts until you register. Many also fine you. California and Ohio stack extra penalties on top.
@_Hyades95 Some relief on the name hunt: the state only checks it against businesses already on its own records. Search that state's business database before January, and if you land on a good one, a lot of states let you reserve it ahead of time for a fee.
@Holydevineshine@elonmusk Congrats on launching. One Arizona step that sneaks up on new LLC owners: within 60 days of approval you have to publish a notice of your articles in a local paper, three times in a row. If your statutory agent's address is in Maricopa or Pima County, you're exempt.
@mattmerrick16 Before you file: form it in the state you live in. A Wyoming or Delaware LLC run from your desk at home usually has to register in your home state as a foreign LLC anyway, so you end up paying two states to sell one puzzle game.