* The filing fee for converting a limited liability company (LLC) to a Delaware corporation includes a minimum filing fee of $15. You may have to pay a higher filing fee depending on the total number of authorized shares of the company. We will contact you if additional charges apply. Since incorporation costs vary from State to State, it is important to consider the incorporation costs of different States before deciding where to incorporate them. If you intend to do business in only one state, it is usually a wise decision to integrate into that state. However, if you decide to incorporate in a state other than the one where you reside, consider the following cost issues: While it is possible to integrate without a lawyer, especially with the variety of online services available, it is generally more advantageous to hire an experienced lawyer. Often, when entrepreneurs try to integrate, they make mistakes that sometimes wouldn`t stand up in court if the business were subject to legal scrutiny. Many law firms offer a flat rate to start a practice, usually between $500 and $700, but some legal fees can be as high as $5,000. This includes assistance in completing the required paperwork and working with shareholders. The more shareholders you have, the higher the price of legal fees. Prices and fees vary by state. Learn more about business filing fees. The filing of articles (or certificate of incorporation) with the Secretary of State is required for the formal incorporation of a corporation.
Deposit fees can be fixed, can be based on the number of shares allowed, or a combination of both. The Secretary of State typically charges $100 to $250 for administrative and filing fees, depending on the state where the corporation is incorporated. To view state filing fees, choose where you want to start your business. Prices include government fees required to meet delivery deadlines and do not include post-filing requirements such as annual fees, billing fees, newspaper publishing fees or taxes. The registration fee includes the required government fee, walk-in fee and other fees. Since a corporation is a separate legal entity, the owners of a corporation pay taxes only on corporate profits paid to them in the form of salaries, bonuses and dividends. The company itself pays taxes at the tax rate on all profits of the company. However, incorporation can be a complicated and expensive process, and it is important for a business owner to understand the overall cost of starting before starting the incorporation process. In addition to the initial filing fee, most states charge a nominal fee to maintain an LLC in the state. Maintenance usually only requires the filing of an annual or biennial report to keep the statement up to date on the name, address and ownership of the company. Annual reporting fees vary by state.
However, some states also require certain state taxes known as franchise taxes. Franchise taxes are often a flat tax, but can vary depending on business income in some states. Start as a business – whether you`re considering crowdfunding or going public. Learn more to see if it`s what you need, or start shaping today. Starting at $149 + registration fee. Many states require the LLC to inform the public of their new activities. To do this, the legislation generally requires the business owner to publish their intention to start a new business in at least one newspaper with a large circulation. The county clerk or similar office where the corporation has its principal place of business should have a list of newspapers that meet legal requirements. Publication fees vary by newspaper. Some states charge renewal fees.
If you don`t renew your business on time, you may need to reapply to the state and refund the initial filing fee. There are generally four types of fees for incorporation: fees for filing by-laws with the Secretary of State; advance payment of franchise tax for the first year; fees for various government deposits; and legal fees.