Forming Am LLC In Another State
As you look over the list of costs to start an LLC in each state below, a common question is why don’t I form in the cheapest state or form in one of the “popular” states like Delaware, Nevada or Wyoming. While there may be advantages to forming in another state, more than likely, it’s going to cost more in taxes, fees and time to administer than the benefits those other states provide.
Even after accounting for state laws and states with no income tax, in general, it’s usually going to be best to form your LLC in the state you reside in.
By forming an LLC in another state you not only end up paying the state filing fees from the other state, but you will likely have to register as a foreign LLC with the state you reside on top of the additional fees when dealing with multiple states.
Forming A Foriegn LLC ⇒
State Costs to Form an LLC
| State | Filing Fee | Recurring Fees |
|---|---|---|
| Alabama | $325 | $10 Annual Report $100 Annual Privilege Tax (minimum) |
| Alaska | $400 | $100 (every 2 years) |
| Arizona | $200 (plus publishing costs) | $0 (report due annually) |
| Arkansas | $200 online, $175 by mail | $150 Franchise Tax Report (annually) |
| California | $250 | $800 – Franchise Tax (annually) $20 – Statement of Information (annually) |
| Colorado | $200 | $10 (annually) |
| Connecticut | $270 | $80 (annually) |
| Delaware | $210 | $300 Franchise Tax (annually) |
| Florida | $275 | $138.75 (annually) |
| Georgia | $250 | $50 (annually) |
| Hawaii | $200 | $15 (annually) |
| Idaho | $250 | $0 (report due annually) |
| Illinois | $300 | $75 (annually) |
| Indiana | $205 online, $175 by mail | Biennial report – $32 online, $50 by mail |
| Iowa | $200 | $60 (biennial report) |
| Kansas | $310 online, $265 by mail | $55 (annually) |
| Kentucky | $200 | $15 (annually) |
| Louisiana | $250 | $30 (annually) |
| Maine | $325 | $85 (annually) |
| Maryland | $250 | $300 (annually) |
| Massachusetts | $650 | $500 (annually) |
| Michigan | $200 | $25 (annually) |
| Minnesota | $300 online, $235 by mail | $0 (report due annually) |
| Mississippi | $200 | $0 (report due annually) |
| Missouri | $200 (online), $205 (mail) | $0 |
| Montana | $220 | $20 (annually) |
| Nebraska | $255 | $10 (biennial report) |
| Nevada | $225, plus $250 for the initial list of officers | $150 Annual List of Members & Managers |
| New Hampshire | $200 | $100 (annually) |
| New Jersey | $250 | $75 (annually) |
| New Mexico | $200 | $0 |
| New York | $350 (plus publishing costs) | $9 (biennially) |
| North Carolina | $300 | $200 (annually) |
| North Dakota | $285 | $50 (annually) |
| Ohio | $250 | $0 |
| Oklahoma | $250 | $25 (annually) |
| Oregon | $250 | $100 (annually) |
| Pennsylvania | $275 (plus publishing costs) | $70 (decennial report) |
| Rhode Island | $300 | $50 (annually) |
| South Carolina | $260 | $0 |
| South Dakota | $300 | $50 (annually) |
| Tennessee | $450 (minimum) | $300 (minimum) |
| Texas | $250 | $0 report Franchise Tax |
| Utah | $220 | $20 |
| Vermont | $275 | $35 (annually) |
| Virginia | $150 | $50 (annually) |
| Washington | $350 | $60 (annually) |
| West Virginia | $250 | $25 (annually) |
| Wisconsin | $280 (online), $270 (mail) | $25 (annually) |
| Wyoming | $250 (mail), $225 (online) | $50 minimum (annually) |