State-by-State LLC Annual Fees 2023

Navigating the intricate world of LLC annual fees can be a daunting task for business owners. As we step into the year 2023, it becomes crucial to stay updated on the state-by-state variations that may impact your company’s financial planning. In this article, we delve into the dynamic landscape of LLC annual fees across the United States, providing you with an insightful overview to help you make informed decisions for the year ahead.

 

 

Filing Fees for LLCs

State	Filing Fee	Annual Fee
Alabama	$100	$100
Alaska	$250	$100
Arizona	$50	$0
Arkansas	$45	$150
California	$70	$800

 

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Cost of Incorporation by State

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State	Cost of Incorporation
Alabama	$50
Alaska	$100
Arizona	$50
Arkansas	$50
California	$800
Colorado	$50
Connecticut	$80
Delaware	$300
Florida	$138.75
Georgia	$100
Hawaii	$15
Idaho	$100
Illinois	$150
Indiana	$50
Iowa	$50
Kansas	$50
Kentucky	$40
Louisiana	$35
Maine	$85
Maryland	$300
Massachusetts	$500
Michigan	$50
Minnesota	$155
Mississippi	$50
Missouri	$50
Montana	$70
Nebraska	$105
Nevada	$200
New Hampshire	$100
New Jersey	$125
New Mexico	$50
New York	$25
North Carolina	$200
North Dakota	$135
Ohio	$99
Oklahoma	$50
Oregon	$100
Pennsylvania	$125
Rhode Island	$50
South Carolina	$110
South Dakota	$150
Tennessee	$300
Texas	$300
Utah	$70
Vermont	$135
Virginia	$100
Washington	$180
West Virginia	$100
Wisconsin	$100
Wyoming	$50

Frequently Asked Questions about LLC Annual Fees

FAQ: LLC Annual Fees

1. What are LLC annual fees?
LLC annual fees are charges imposed by state governments for the privilege of operating a limited liability company. These fees help fund state services and are required to maintain your LLC’s legal standing.

2. How much are LLC annual fees?
The amount of LLC annual fees varies by state. Each state sets its own fee structure, typically based on factors such as revenue or the number of members in the LLC.

3. How often are LLC annual fees due?
LLC annual fees are typically due on the anniversary of your LLC’s formation or qualification in the state. It’s important to pay these fees on time to avoid penalties or the loss of your LLC’s legal status.

4. What happens if I don’t pay my LLC annual fees?
If you fail to pay your LLC annual fees, your LLC may become inactive or be dissolved by the state. This could result in the loss of your limited liability protection and legal liability for the company’s obligations.

5. Can I deduct LLC annual fees on my taxes?
LLC annual fees are generally considered a business expense and may be deductible for tax purposes. Consult with a tax professional or refer to the IRS guidelines (Form 1040) to determine if you qualify for this deduction.