State-by-State LLC Annual Fees 2023 George Gaona, October 26, 2023October 26, 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. Table of Contents Toggle Filing Fees for LLCsCost of Incorporation by StateFrequently Asked Questions about LLC Annual Fees Filing Fees for LLCs State Filing Fee Annual Fee Alabama $100 $100 Alaska $250 $100 Arizona $50 $0 Arkansas $45 $150 California $70 $800 Cost of Incorporation by State incorporation-fees-by-state.png” class=”size-medium aligncenter” style=”margin-top: 25px; margin-bottom: 25px;” alt=”Bar chart comparing incorporation fees by state.”> 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. George GaonaWas this article helpful?YesNo LLC Annual Fees