LLC
How to Pay Yourself With an LLC
Are you running a successful LLC but still struggling to pay yourself properly? You’re not alone. With 66% of small businesses struggling financially and many entrepreneurs leaving money on the
Are you running a successful LLC but still struggling to pay yourself properly? You’re not alone. With 66% of small businesses struggling financially and many entrepreneurs leaving money on the
Today, out of millions of small businesses in the US, 43% of them are limited liability companies (LLCs). There’s a reason why almost half of small business owners choose this
Forming an LLC in Minnesota costs $155 to file Articles of Organization online with the Minnesota Secretary of State, or $135 by mail. Every Minnesota LLC must name a registered agent with a physical street address in the state. An annual renewal is due December 31 and carries no fee when filed on time, rising to $25 if late. Online filings are approved immediately. No US citizenship or residency is required to own one.
Forming an LLC in Maryland costs $100 to file Articles of Organization with the Maryland Department of Assessments and Taxation, or $150 with expedited processing. Every Maryland LLC must name a resident agent with a physical street address in the state. An Annual Report (Form 1) is due April 15 for $300, which is among the highest recurring fees in the country. No US citizenship or residency is required to own one.
Forming an LLC in Maine costs $175 to file a Certificate of Formation with the Maine Secretary of State, plus a $3 online fee. Every Maine LLC must name a registered agent with a physical street address in the state. An annual report is due June 1 for $85. Online filings submitted before 5pm Eastern are processed the same day, while mail filings take 25 to 30 business days. No US citizenship or residency is required to own one.
Forming an LLC in Kansas means filing Articles of Organization with the Kansas Secretary of State, with online filings approved within 24 hours and mail filings in 3 to 5 business days. Every Kansas LLC must name a resident agent with a physical street address in the state. An information report is due April 15 every two years. No US citizenship or residency is required to own one.
Forming an LLC in Iowa costs $50 to file a Certificate of Organization with the Iowa Secretary of State, and online filings clear in about one business day. Every Iowa LLC must name a registered agent with a physical street address in the state. A biennial report is due April 1 in odd-numbered years and costs $30 online. No US citizenship or residency is required to own one.
Forming an LLC in Indiana costs $95 online to file Articles of Organization with the Indiana Secretary of State through INBiz, or $100 by mail. Every Indiana LLC must name a registered agent with a physical street address in the state. A Business Entity Report is filed every two years in the anniversary month. Online filings clear in 1 to 2 business days. No US citizenship or residency is required to own one.
