LLC

A Nevada LLC costs $425 to form with the Nevada Secretary of State: $75 for the Articles of Organization, $150 for the Initial List of managers or members, and $200 for the State Business License, all due at filing. Every year after that costs $350: a $150 Annual List plus a $200 business license renewal, due by the last day of the anniversary month. Late filing adds $175 in penalties. Nevada has no state income tax, and its Commerce Tax applies only above $4 million of Nevada gross revenue.

A Vermont LLC costs $155 to form with the Vermont Secretary of State and $45 a year for the annual report, due within three months of the end of the LLC’s fiscal year. Those fees rose in 2023 under 11 V.S.A. 4012, and the older $125 and $35 figures are still widely published. A multi-member Vermont LLC taxed as a partnership also pays the $250 minimum business entity tax to the Vermont Department of Taxes each year.

A Wyoming LLC costs $100 to form with the Wyoming Secretary of State and at least $60 a year after that. The yearly charge is the annual report license tax: $60 or $0.0002 per dollar of assets held in Wyoming, whichever is greater, due on the first day of the LLC’s anniversary month. Wyoming has no state income tax and no franchise tax, so a Wyoming LLC with no Wyoming property pays $100 in year one and $60 a year after that in state fees. A Wyoming registered agent is required.

A North Carolina LLC costs $125 to form with the North Carolina Secretary of State. Every LLC then files an annual report by 15 April each year, starting the year after formation, and the report costs $200 on paper or $203 online by card. North Carolina charges no franchise tax on LLCs taxed as partnerships or sole proprietorships. At the minimum, a North Carolina LLC pays $125 in year one and $200 a year after that.

A Michigan LLC costs $50 to file Articles of Organization with the Michigan Department of Licensing and Regulatory Affairs (LARA). Every LLC then files a $25 annual statement by 15 February, and an LLC formed after 30 September skips the first 15 February that follows. Michigan charges no entity-level tax on an LLC taxed as a partnership or sole proprietorship. At the minimum, a Michigan LLC costs $50 in year one and $25 a year after that.

A Montana LLC costs $35 to form with the Montana Secretary of State, the lowest LLC formation fee of the 50 states and Washington DC. The annual report is due between 1 January and 15 April each year, starting the year after formation, and the Secretary of State waives its fee when it is filed on time. A late report costs $35. Montana charges no franchise tax on LLCs, so the minimum state cost is $35 in year one and $0 a year after that.