A Wisconsin LLC costs $130 to form online with the Wisconsin Department of Financial Institutions, or $170 on paper. The annual report costs $25 online or $40 on paper and is due by the end of the calendar quarter in which the LLC was formed. Wisconsin charges no franchise tax on LLCs, so most small LLCs pay $130 in year one and $25 a year after that.
A Minnesota LLC costs $155 to form online or in person with the Minnesota Secretary of State, or $135 by mail. The annual renewal is free but must be filed by 31 December every year, and an LLC that skips it is dissolved. LLCs taxed as partnerships owe the Minnesota minimum fee only above $1,280,000 of Minnesota property, payroll and sales, so most small LLCs pay $155 once and nothing after that.
An Alaska LLC costs $250 to form with the Alaska Division of Corporations, Business and Professional Licensing. It files a $100 biennial report due 2 January every two years, and an LLC doing business in Alaska also needs a state business license at $50 a year. Alaska has no personal income tax and no statewide sales tax.
A Hawaii LLC costs $51 to form: a $50 filing fee plus a $1 State Archives fee charged by the Business Registration Division. The annual report costs $12.50 online or $15 on paper and is due by the end of the quarter in which the LLC registered, starting the year after formation. An LLC that earns income in Hawaii also needs a one-time $20 general excise tax license.
An Arkansas LLC costs $45 to form online with the Arkansas Secretary of State, or $50 on paper. Every LLC then pays a flat $150 franchise tax each year through the Annual LLC Franchise Tax Report, due on or before 1 May. That report is also the annual report. A late report adds a $25 penalty plus daily interest.
An Idaho LLC costs $100 to form online through SOSBiz with the Idaho Secretary of State, or $120 on paper because of a $20 manual surcharge. The annual report is free and due by the end of the LLC’s formation anniversary month. Idaho has no franchise tax on LLCs, so most small LLCs pay $100 once and nothing to the state after that.
A New York LLC costs $200 to form with the New York Department of State. Within 120 days it must publish a notice in two newspapers for six weeks and file a $50 Certificate of Publication; the newspaper charges come on top. After that, the LLC files a $9 biennial statement every two years and, if it has New York-source income, pays the yearly LLC filing fee of $25 to $4,500 to the Department of Taxation and Finance.
A Kentucky LLC costs $40 to form with the Kentucky Secretary of State, the second-lowest formation fee of the 50 states and DC. The annual report costs $15 and must be filed between 1 January and 30 June. Kentucky also charges the Limited Liability Entity Tax (LLET), with a $175 minimum that applies even to single-member LLCs, so the real yearly cost for a small LLC is $190.
