How Much Does It Cost to Form an LLC

When forming an LLC yourself the only cost you are responsible for is the state filing fee. However, a handful of states also require a publication fee or a name reservation fee. Here is a breakdown of all the costs you can expect to see.

State Filing Fees

The main cost when forming an LLC is typically the fee of filing your Articles of Organization with the State. This fee ranges between $40 and $500, depending on your state.

Publication Fees

Several states (Arizona, Georgia, Nebraska, Nevada, New York, and Pennsylvania) also require your newly incorporated LLC to publish a statement of formation in a local newspaper. Publishing costs can be anywhere between $40 and $2000, depending on your state’s specific requirements.

Name Reservation Fees

If you’re forming an LLC in Alabama, you will also need to reserve your LLC’s name for a small fee of $10-$28. Reserving a name is optional for all other States.

Where Should I Form My LLC?

The rule of thumb is that you should always form your LLC in the state where you plan to conduct business. Otherwise you may end up with additional unwanted costs and paperwork. For more information, read our article on the topic.

In addition to the initial formation fees, there are regular fees that you will need to pay to keep your LLC in good standing. The maintenance costs usually only include an annual or biennial report fee. However in some states, you also need to pay certain state taxes, often known as a “franchise tax.”

Annual/Biennial Report

Most states require LLC's to submit an annual or biennial report which includes updating the name, address, and ownership of the LLC. The report fee varies state by state.

Franchise Tax

Some states levy a yearly tax on LLC's, often called a franchise tax. This is most often a flat tax, but can also vary according to your LLC's annual earnings in certain states.

The table below lays out all the filing fees in each State as well as what the ongoing costs include. For a more detailed report click the State name, you will be directed to our Form an LLC page.