/Fees for Starting a Business

What are the Fees for Forming an LLC in NJ?

New JerseyNew Jersey is more than the Garden State; it’s also a great place to start a business! As you develop your small business budget for your new endeavor, make sure to include the cost of forming a New Jersey LLC in the list.

Here, we’ll walk through what you need to know about forming an LLC in New Jersey, as well as cover the fees you will need to pay.

LLC 101: What IS it?

A Limited Liability Company (LLC) is a legal entity formed in the state of New Jersey that is a cross between a corporation and a partnership.  You get the limited liability and asset protection features of a corporation with the flexibility and tax benefits of a partnership within the state of New Jersey.

Benefits to a New Jersey LLC

The LLC is a great business structure to consider for several reasons:

  • It limits your personal liability for business debt
  • You can transfer ownership of the company at some point
  • Your business can continue beyond your lifetime
  • It requires fewer corporate formalities like annual meetings and record keeping
  • Owners do not need to be US citizens or have permanent residences in New Jersey
  • It saves money on taxes via pass through taxation

Continue reading “What are the Fees for Forming an LLC in NJ?” »

By | December 28th, 2015|Fees for Starting a Business, Forming An LLC|0 Comments

Get the Lowdown on The Fees for Forming an LLC in Wyoming

Wyoming wooden sign with winter backgroundThinking of starting a business in Wyoming? Or maybe you already have one there, but want to change your business structure to an LLC. Either way, you need the scoop on how to form an LLC in Wyoming, as well as what it’ll cost you.

Why the Wyoming LLC

The LLC — or Limited Liability Company — is a smart choice for your business structure. It protects your personal finances, home, vehicles, and other assets from being seized to cover your business’ expenses. It can also make it easier to position your business to borrow money and sell equity in order to raise capital.

The LLC offers pass-through tax treatment, which means that you report your profit and losses on your personal income tax forms. Many entrepreneurs prefer the LLC because it is a little less formal in its requirements in terms of annual paperwork to be filed, Board meetings, and minutes to be recorded, as compared to the Corporation. Another perk is that there’s no limit to the number of owners you can have, whereas the Corporation is limited to 100 shareholders. Continue reading “Get the Lowdown on The Fees for Forming an LLC in Wyoming” »

By | December 21st, 2015|Fees for Starting a Business, Forming An LLC|0 Comments

What are the Fees for Forming an LLC in DE?

Welcome to Delaware USA Road SignDid you know: 60% of the Fortune 500 have made Delaware their legal home. It’s a popular choice for both corporations and LLCs because of its small business-friendly economy and laws.

If you’re considering starting a business in Delaware, consider the LLC as your business structure. Not only will it protect your personal assets, but it also requires less formal paperwork than its cousin, the corporation.

Here’s what you need to know if you plan to form an LLC in Delaware.

Who to File With

The Delaware Division of Corporations is the entity to file your LLC paperwork with. If you hire CorpNet to file your Delaware LLC paperwork on your behalf, we will send it to the Division of Corporations for you.

You Need a Registered Agent

A registered agent is an individual or business that is authorized to act on your behalf with the State of Delaware. If you do not have a physical presence in Delaware, your registered agent will receive your LLC paperwork and documents on your behalf. Continue reading “What are the Fees for Forming an LLC in DE?” »

By | November 5th, 2015|Business Filings, Fees for Starting a Business|0 Comments

Your Questions Answered: What Are The Fees for Forming an LLC in Nevada?

Fire Wave - beautifully striped sandstone rock formation, Valley of Fire State Park, NV.

If you’re thinking about starting a business in Nevada, or already have and want to set it up as an LLC, you probably have a lot of questions about why an LLC is best for you.

Before we get into the costs for forming an LLC in Nevada, let’s address some of your other questions.

What are the Benefits of Forming an LLC in Nevada?

Nevada LLCs provide plenty of benefits for entrepreneurs in that state. For one, your personal assets are protected. If your business were ever sued, your personal assets could not be taken as long as you operate an LLC (or corporation). If you operate as a sole proprietor, your assets are vulnerable in this situation.

Another benefit for LLCs in Nevada is that you can take advantage of what’s called pass-through tax. Rather than filing a separate tax return for your business, you simply pass on the profit and loss to your personal income tax forms come April.

Business owners like the LLC business entity because the business structure can outlive them, and can be transferred to a new owner should they sell their business in Nevada. Also there are fewer formalities with the LLC than the corporation, which is a benefit for busy entrepreneurs.

What are the Costs to Form an LLC in Nevada?

Now the question you’ve been waiting for: what are the fees to form an LLC in Nevada? If you do the paperwork yourself, you’ll need to pay a fee of $75 when you submit your LLC paperwork with the Nevada Secretary of State. If you want your paperwork processed faster, you can pay a $125 expedite fee. Continue reading “Your Questions Answered: What Are The Fees for Forming an LLC in Nevada?” »

By | October 8th, 2015|Fees for Starting a Business|0 Comments

Fees for Forming an LLC in Colorado

201_2738333Colorado is a great place to start a small business. Not only is the weather great (pleasant summers and ski-fun winters), but the business climate is appealing too.

Once you start a business in Colorado, you’ll need to think about the business structure you want for your company. If you do nothing, it will be a sole proprietorship. And while that’s the easiest business structure to have, it leaves your personal assets vulnerable.

Better options include incorporating or forming an LLC in Colorado. We’ll cover corporations in another post; for this one, we’ll talk about Limited Liability Companies (LLCs). Before we talk about what it costs to form an LLC in Colorado, let’s go over some general information.

What Does a Colorado LLC Look Like?

An LLC has similarities to both corporations and partnerships: it’s got the limited liability features of a corporation with the flexibility and tax benefits of a partnership within the state of Colorado. Continue reading “Fees for Forming an LLC in Colorado” »

By | July 6th, 2015|Fees for Starting a Business, Forming An LLC|0 Comments

Fees for Forming an LLC in Georgia

792_3735124If you’re looking for a great place to launch a business, why not try Georgia? Forming an LLC in Georgia is a great idea because it’s relatively inexpensive to live and work in this peach of a state.

First, Why an LLC in Georgia is Right For Your Business

We see a ton of CorpNet customers that prefer the flexibility the LLC offers. It’s a bit of a  hybrid business structure because it offers the best features of a corporation as well as  a limited liability partnership, all the while protecting your personal assets.

Just like with a corporation, as the owner of an LLC you will enjoy limited liability.  That means your personal assets are protected from judgments and other obligations of the business should your company be taken to court.  If the LLC incurs debts or liabilities, the creditors are limited to the assets of the LLC, and can’t take any from you.

On the other hand, a sole proprietor is personally liable for all the obligations of the business.  This means that sole proprietors risk everything they own to satisfy the debts or judgments of their respective businesses, including their homes, cars, personal savings, and investments. You’re doing the smart thing by filing an LLC. Continue reading “Fees for Forming an LLC in Georgia” »

By | June 25th, 2015|Fees for Starting a Business|0 Comments

Fees for Incorporation in the State of Florida

285_2695833Are you starting a business in the Sunshine State? Then you’re probably curious about the fees for incorporation in the state of Florida. But before we get into the costs to incorporate in Florida, let’s look at what’s required for your business to become a corporation.

Steps to Incorporate in Florida

The first thing you need to do is to make sure the name you want for your company is available in Florida with a free name search. You are required by Florida law to include “Corporation” or “Corp.” at the end of your business name. You can’t reserve the name you want, but can register it when you file your incorporation paperwork.

Next, you’ll need to register your corporation with the Division of Corporations of the Florida Secretary of State. You may also need to file your corporation paperwork with the Department of Business and Professional Regulation if you work in certain professional industries.  To register as a corporation, you can do it yourself or let a professional business filing company do it for you.

After you’re approved to operate as a Florida corporation, you will need to hold the first official meeting for your corporation and adopt Bylaws. Then, apply for a Federal Employer Identification Number (EIN) under your new corporate name. In Florida, this will also serve as your State Tax Identification Number. Once you have your EIN, you can open a bank account under your corporate name. You may need to bring a copy of your EIN document and your Certificate of Status from the Secretary of State. Continue reading “Fees for Incorporation in the State of Florida” »

Articles of Organization – New York: How to File Your LLC

114_2544631If you’ve decided to form an LLC in New York, you’ll need to file your Articles of Organization, as per Section 203 of the New York State Limited Liability Company Law. To file those Articles of Organization, you have several options:

  • You can file them yourself with the State of New York
  • You can work with a business filing service like CorpNet
  • You can hire a lawyer to help

In all honesty, most entrepreneurs who want to file an LLC don’t need a lawyer, except in rare circumstances. So if you are feeling DIY, you can take on the process yourself, or you can have CorpNet assist you.

But before you start on your Articles of Organization, there are a few other things you need to take care of.

Make Sure the Name You Want is Available

If any other New York LLC is using the business name you want, you won’t be able to file your LLC under that name. Start by conducting a name search, which will scour various databases to ensure that your name is available. Continue reading “Articles of Organization – New York: How to File Your LLC” »

Fees for Forming an LLC in Florida

285_2690841So you’ve decided that forming an LLC in Florida is the best move for your small business. Congratulations! The LLC is preferred by many small business owners because it serves as a kind of hybrid business structure: it’s got the best features of corporations, combined with those of limited partnerships. Best of all? The LLC protects your personal assets and creates a legal separation between you and the business.

What Are the State Fees for Forming an LLC in Florida?

I’ll get right to the point; you’re here because you want to know about the fees for forming an LLC in Florida. We’ll cover that, then talk about the ongoing fees you’ll be responsible for to keep your LLC compliant with the state of Florida.

In comparison to the cost to form an LLC in other states, doing so in Florida is moderately reasonable.

When you initially apply to form an LLC, your LLC filing fees for your Articles of Organization and designation of registered agent are $125. This is mandatory. You will receive a complimentary letter of acknowledgement once your business is approved to operate as an LLC.

Now, additionally, you can request a certified copy of your Articles of Organization for an extra $30. This is optional. Why would you want a certified copy? This certifies that your Articles of Organization are true and correct, and many banks will require a certified copy. It never hurts to order one when you apply for your LLC. Continue reading “Fees for Forming an LLC in Florida” »