Nellie Akalp is a passionate entrepreneur, business expert, professional speaker, author, and mother of four. She is the Founder and CEO of CorpNet.com
, a trusted resource and service provider for business incorporation, LLC filings, and corporate compliance services in all 50 states.
Which state do you think is the best to incorporate in, looking at the overall costs?
Ultimately the state you file your corporation or LLC in is up to you, however it is generally recommended to file in the state where the business will physically be located. This will prevent any foreseeable need to foreign qualify the company, or be registered in multiple states. If you have any other questions or need assistance with incorporated, please feel free to contact Katie Hendrix in my office for a free business consultation at 888-449-2638 x110.
Nellie: Thanks for your reply! At some point in time, I would like to register a company in my old study location, Manchester, New Hampshire. 🙂
You miss all sorts of costs in this comparison. For example, Nevada now requires you to buy a business license which costs an extra $500 per year to file there. Also, California has a minimum annual tax of $800 if you are incorporated there.
Those are the two states I know of, so I can assume that many more states have other direct costs of incorporation that are left out of this comparison. You should redo this including those additional costs so people can do a real comparison.
Thanks Tim for reading my post and commenting! Yes you are correct – there are other fees and taxes associated with running a business in different states. However this post was intended to outline just the fees associated with incorporating and/or forming an LLC in each state. Great idea to do a follow up post including all other fees, so I will definitely keep that in mind!
right. it’s almost impossible to find a comparison on the internet that includes ALL the costs, including the largest cost of all; franchise tax. Annoying.
I am currently starting an LLC in Michigan this month and in a few months and I will be moving to Texas. Do I have to register in Texas as well?
Thank you for your inquiry. In response, if you are moving the entire business operations from
Michigan to Texas then at that time you will need to close down the Michigan llc and form a new llc in the state of Texas. Alternatively, if you are expanding into Texas, once you move to Texas, you will not need to
Close down the Michigan llc. What you will do is keep the Michigan llc and foreign qualify the Michigan llc in the state of Texas as a foreign llc. We can help you every step of the way with all of these filings and more. You can reach out to us via email to firstname.lastname@example.org or call 1-888-449-2638 anytime!
I want to know the up to date LLC and Incorporation cost of each state so I can make a decision on which state to register with.
I want to know if u can use the tax ID to make purchases in other states?
I NEED to access the auctions and they are requesting for my tax ID
Hi There – We have a current list of costs to incorporate and form an LLC in each state on our blog. Please find that link here: http://bit.ly/2qWIKho
Thanks for reading and commenting!
I’m in South Africa. I would like operate a call center. Kindly advise on the steps.