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.
