You can expect to pay an initial filing fee when you form your LLC, and in many states you're also responsible for an annual reporting fee. Some states have additional mandatory LLC fees or taxes. Initial filing fees in most states range from about $50 to $200, although a few states have fees in the $300 to $500 range. You'll pay additional fees to reserve a business name in advance or expedite processing of your articles of organization. Many states require an LLC annual report or statement of information, which is a short form that ensures your business and registered agent information is up to date. There's typically an annual fee associated with these reports. The fee varies by state, but in many states, it's $100 or less. Other LLC costs may include:
State taxes. Some states levy a franchise tax on LLCs. Notably, California has a mandatory minimum franchise tax for all LLCs.
Business licenses. A few states require LLCs to obtain a statewide business license. In other states, your LLC may need local or industry operating licenses. Fees for these licenses vary by type and location.
Registered agent fees. If you hire a company to act as your registered agent, you'll pay an annual fee for that service.
Other business services. Like all businesses, LLCs can expect to pay for business insurance, bookkeeping and payroll, tax preparation, and legal advice throughout the life of the business.