Comparing LLC Service Costs: Company Fees and Optional Costs

Starting a business can be an exciting venture, but it also comes with costs. One popular business structure is the Limited Liability Company (LLC), which offers simplicity, tax benefits, and protection from liability. But how much does it really cost to start an LLC? Let’s break it down.

First, the basic service cost of forming an LLC can vary depending on the company you choose. Here are some popular options:

– Bizee: $0 plus state fees, with an expedited filing fee of $50.
– ZenBusiness: $0 plus state fees, with an expedited filing fee of $79.
– Swyft Filings: $0 plus state fees, expedited filing fee not disclosed.
– LegalZoom: $0 plus state fees, with an expedited filing fee of $99.
– Rocket Lawyer: $140 plus state fees, with an expedited filing fee of $85.
– IncAuthority: $0 plus state fees, with an expedited filing fee of $49.
– Tailor Brands: $0 plus state fees, with an expedited filing fee of $49.

In addition to the upfront costs, there are also ongoing maintenance costs for an LLC. Most states require an annual report to remain in good standing, with an average cost of $104. The cost can vary significantly by state, with fees ranging from $25 to $800.

There are also optional costs to consider, such as expedited filing, registered agent services, operating agreements, EIN applications, and annual compliance services. These optional costs can add up, so it’s important to consider whether they are worth it for your business.

Overall, forming an LLC can be a relatively affordable process, but it’s essential to understand all the costs involved before making a decision. Each state has its own requirements and fees, so be sure to research thoroughly before starting your LLC. And remember, the benefits of forming an LLC, such as pass-through taxation and liability protection, may outweigh the costs in the long run.