Anybody know the total cost to setup an LLC?

Discussion in 'Legal Issues' started by kay5000, Feb 7, 2009.

  1. #1
    just wondering, i tried googling it, but couldnt find much, i live in california btw
     
    kay5000, Feb 7, 2009 IP
  2. hostlonestar

    hostlonestar Peon

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    #2
    I believe they have an $800 fee for it, and it is a yearly fee. You should be able to find that out on your state's web page.
     
    hostlonestar, Feb 7, 2009 IP
  3. arcademan

    arcademan Active Member

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    #3
    I setup an LLC once for around a total cost of $200 ( that was 3 years ago ).

    google it and you'll find some good deals.
     
    arcademan, Feb 7, 2009 IP
  4. hostlonestar

    hostlonestar Peon

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    #4
    Its not finding deals, its a state mandated fee. CA has one of the highest fees for it too. Heck, TX, one of the lowest, is 300.
     
    hostlonestar, Feb 7, 2009 IP
  5. arcademan

    arcademan Active Member

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    #5
    My bad then for misleading you, I just remember specifically paying around $200, and I believe the state fee itself was only around $90.
     
    arcademan, Feb 7, 2009 IP
  6. BlueRoses

    BlueRoses Peon

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    #6
    In GA I paid 500 for set-up and 37 a year to keep my status active.
     
    BlueRoses, Feb 7, 2009 IP
  7. kay5000

    kay5000 Peon

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    #7
    thanks for the info guys, appreciate it
     
    kay5000, Feb 7, 2009 IP
  8. hostlonestar

    hostlonestar Peon

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    #8
    As you can see the fee varies by state. Check your states website for up to date information.
     
    hostlonestar, Feb 7, 2009 IP
  9. SeattleCPA

    SeattleCPA Peon

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    #9
    I sell do-it-yourself kits for setting an limited liability companies (see the link in the my sig...)

    You can BTW go to my site, click on the state you're interested in and then read through the QuickFacts box at the top of that page. E.g., here's the QuickFacts info on the first kit listed, which is for Alabama:

    Quick Facts on Alabama LLCs:
    Initial state fee $75. Current Alabama processing time is roughly 1-6 weeks, depending on your county. Call (334) 242-5324 for more information.

    Two other comments about LLCs... Comment #1: if you're concerned about cost, you really want to look at the state fees. Some states (Washington) are really good about the their fees. Some (California) are truly terrible. And note that you want to setup your LLC in the state in which you do business. Comment #2: Keep in mind that you get to choose the tax treatment you want for your LLC. I.e., anLLC can be treated as a sole proprietorship or partnership (depending on how many people own entity) or as an S corporation or C corporation. Consultants often save tons by setting up an LLC and then opting for S corporation tax accounting treatment.
     
    SeattleCPA, Feb 9, 2009 IP