Forming a Limited Liability Company (LLC) is a pivotal step for entrepreneurs seeking to protect their personal assets while operating their business. A common question for those embarking on this journey is, "How much does it cost to get an LLC?" The answer isn't a single number; it varies significantly based on the state where you choose to register your LLC. Costs can range from less than $50 to several hundred dollars, encompassing state filing fees, potential franchise taxes, and ongoing compliance requirements. Beyond the initial state filing fees, other expenses can contribute to the total cost of establishing and maintaining your LLC. These often include fees for a registered agent, which is a legal requirement in every state, and potentially costs associated with obtaining an Employer Identification Number (EIN) from the IRS, although the EIN itself is free. Understanding these various components is crucial for accurately budgeting for your business formation. Lovie provides a clear breakdown of these costs, state by state, to help you make informed decisions.
Start your formation with Lovie — $29/month, everything included.