So you’ve decided to either form an LLC or incorporate your business. Kudos to you for thinking about the benefits of liability protection and possible tax advantages that come with formally establishing your company as a separate legal entity.

Like many small business owners, you may now be wondering how much does it cost to incorporate your business and in what state should register your company. Some entrepreneurs opt to incorporate or form an LLC within the state they live. Others look around for a state with the most cost-effective fees.

For example, Delaware has become a popular place for corporations because companies formed in the state pay minimal state tax if they do not actually conduct business there.

Business Formation Costs Will Vary by State

Formation and annual report filing fees sometimes sway the decision of which state a business will register. Those fees can vary a good deal from one state to the next. I advise you not to make your choice based solely on lowest cost. While those initial costs and ongoing annual report filing fees may look attractive, that doesn’t mean you’ll save a whole heap of money by registering your business in a different state.

Realize that when a business incorporates in one state but physically maintains an office or conducts business in another state, the business may need to register in that other state, too. And yes, that means the business must pay those state filing fees, annual report fees (if applicable), and taxes.

In most cases, small businesses benefit most by incorporating or forming an LLC in the state where they’re located. But it’s helpful to have some idea of the prices in other states, as well. After all, if your business grows and expands, you could likely be doing business in more than only your home state!

So How Much Does It Cost To Incorporate Your Business?

For your convenience, I’ve compiled a list of the current formation and annual maintenance fees for each of the 50 United States. These rates reflect what is presently true in June 2017. Keep in mind that they are subject to change by the states.

LLC Formation and Annual Maintenance Fee

 Filing FeesInitial ReportPublication FeesAnnual Report
Alabama1650
Alaska2500100
Arizona852990
Arkansas50150
California752020
Colorado5010
Connecticut17520
Delaware140300
District of Columbia220300
Florida155138.75
Georgia10050
Hawaii5015
Idaho1000
Illinois500305
Indiana9030
Iowa5045
Kansas16055
Kentucky5515
Louisiana10030
Maine17585
Maryland155$300 Minimum Fee
Massachusetts520520
Michigan5025
Minnesota1600
Mississippi5025
Missouri500
Montana7015
Nebraska12015026
Nevada75325325
New Hampshire100100
New Jersey12550
New Mexico500
New York210Starting at $425-$12009
North Carolina125202
North Dakota13550
Ohio1250
Oklahoma10425
Oregon100100
Pennsylvania1250
Rhode Island15050
South Carolina1100
South Dakota15050
Tennessee325310
Texas310Based on Gross Annual Revenue
Utah7215
Vermont12525
Virginia10450
Washington2001073
West Virginia13225
Wisconsin13025
Wyoming10352

Incorporation and Annual Maintenance Fee

 Filing FeesInitial ReportPublication FeesAnnual ReportAttorney Signature
Alabama1650
Alaska2500100
Arizona6029945
Arkansas50150
California1052525
Colorado5010
Connecticut455100
Delaware140225
District of Columbia220300
Florida78.75150
Georgia1005015050
Hawaii5015
Idaho1010
Illinois175155
Indiana9030
Iowa5045
Kansas9055
Kentucky5515
Louisiana10030
Maine14585
Maryland155$300 Minimum Fee
Massachusetts295135
Michigan6025
Minnesota1600
Mississippi5025
Missouri584545
Montana7015
Nebraska6515026
Nevada75325325
New Hampshire100100
New Jersey12550
New Mexico1002525
New York1459
North Carolina12520
North Dakota10025
Ohio1250
Oklahoma520
Oregon100100
Pennsylvania1252990
Rhode Island23050
South Carolina1350110
South Dakota15050
Tennessee12520
Texas320Based on Gross Annual Revenue
Utah7215
Vermont12535
Virginia79100
Washington2001073
West Virginia8225
Wisconsin10040
Wyoming10352

Are Your Ready to Incorporate Your Business?

Whether you form an LLC or incorporate your business in your home state, in a different state, or in multiple states, remember CorpNet can save you time and alleviate hassle by handling the registration and ongoing compliance filings for you.

Get the peace of mind that your paperwork is done accurately and on time by contacting us today to get started!