Annual Fee for every state in US (Part-3)
By Bazal Razzaq
Updated: October 11, 2023
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- Can an LLC have a Board of Directors
- Can an LLC have shares
- Can an LLC have a PO Box Address
- What Is The Registration Cost Of An LLC Business
- Rhode Island
- South Carolina
- South Dakota
- Washington DC
- West Virginia
- Final Word
- What is an LLC?
- How to change your LLC name in 2023?
- How to set up an LLC as a Non-US resident
- What Is A Foreign LLC?
- Mastering the Art of Maintenance: Things To Do After Setting Up An LLC
- Exploring the Basics: What is a Single Member LLC?
- The Power of Partnership: Unleashing The Potential of A Multi Member LLC
- C Corp vs LLC – Which Business Structure is Right for You?
- A Guide to Business License: Everything you need to know
- Unlocking the Benefits of an LLC (Limited Liability Company)
- Which is the best state to form an LLC in?
- Operating Agreement 101: A Key To A Successful LLC
- One LLC, Multiple Streams of Income: can you have multiple businesses under one LLC?
- Articles of Organization Made Easy: Everything You Need to Know
- What Is A LLC Annual Report: A Comprehensive Guide for Business Owners
- Exploring Eligibility: Who Can Be LLC Members?
- What Is A Domestic Limited Liability Company?
- What is An EIN, and Do You Need One?
- What is a Series LLC?
- Member Managed vs Manager Managed LLC – Which Structure Fits Your Business?
- How to start your dog walking business
- Entrepreneurship Has No Age Limits: Can Minors Form an LLC?
- How to Open A Flower Shop
- Will Social Security Number Work As An EIN For An LLC
- How to Start a Nail Salon Business: The Only Guide You Need
- How to Start a House Flipping Business
- How to start a Laundry and Dry Cleaning Business
- Annual Fee for every state in US (Part-1)
- Annual Fee for every state in US (Part-2)
Every LLC in the United States of America needs to abide by the State laws while keeping the Federal laws in place. There is nothing else that one would want other than to keep their business in line with the requirements.
If you plan to start an LLC, then you need to first pick a name for your LLC. Following this step, you need to file an Articles of Organization and share your details with the state authorities to get the right result for your LLC. A wrongly filed LLC can lead you to trouble, and that is something you would want to avoid at all costs.
No business would want their name to be in the wrong list of information across the board of details available with the State’s regulating authority. A business name is the first step toward getting your details in order.
It is always advisable to use a business name that people can recall easily because you don’t want them to play a riddle to search for your name. Let’s take World Wrestling Entertainment for example, and see how this business name matches what we want to state.
The business was an LLC until it was taken over by Endeavor a couple of weeks ago. The new business name is an Incorporated Business, as it’s a merger of two different companies at the same time. There’s no better way than to understand that the wrestling juggernaut was a limited liability company, despite having businesses globally.
WWE was a separate entity working out of Stamford, CT. As the business falls in the State of Connecticut, one would have to take a look at the laws and the charges that the State of Connecticut requires for an LLC to run in the state.
Can an LLC have a Board of Directors
Yes, an LLC can have a Board of Directors, and truth be told, there can be a Chairman and a CEO in such a situation. This is one aspect that no one would tell you that an LLC can have both positions simultaneously. WWE had a Chairman and CEO in Vince McMahon until the business was taken over by Endeavor. Vince McMahon still holds his Chairman position in the newly formed organization, although the new business is an Incorporated Business.
It should reduce any doubt that an LLC business can’t have a Chairman and CEO. Now that you are aware of this fact, do you want to know if an LLC business can have shares or not? If this question has been bothering you, then don’t fret as we have you covered in our piece.
Can an LLC have shares
An LLC doesn’t have shares, but instead, it has shareholders. These shareholders get the profit value as part of their income. They can then share these profits as part of their income tax filing. It ensures that an LLC business cannot have shares, but can surely have shareholders.
These laws don’t change from state to state and they remain the same at all times. You are required to look into the details before making a selection. LLC, LLP, and LP are three different terms and you wouldn’t want to register your business under the wrong category. It changes the way your business would function and how you would receive the proceedings.
Can an LLC have a PO Box Address
Yes, an LLC can have a PO Box Address, however, it doesn’t change the fact that your registered agent should have an address that is a street address. Failing to provide this information can change the way your business is registered and also result in your business getting deregistered by the respective state.
It is the last thing you would want to have for your LLC business. You should always keep a check on the details of your business, and make sure that all is made right because a small mistake can make things wrong for your business. Your reputation will be at stake in this condition and that is not something that you would want for your LLC.
What Is The Registration Cost Of An LLC Business
It is important to understand that every business is required to pay a different amount to the state for opening up their LLC and pay an amount for filing their annual or two-year report. These charges would vary based on the state, and if you live in a state whose name starts with A until the letter K, then you need to visit our Part 1, and L-N in Part 2.
We cover the remaining sixteen states in Part 3, and you can read about them in our current list. You are required to have an understanding of what charges are required for your state, and so if you have an understanding, you will be able to make an informed decision. So without further ado, let’s get down to the details:
The State of Ohio has an LLC formation charge of $99. There is no annual fee or annual report required in the state. It confirms that you will have an easy effect if you open an LLC in the State of Ohio.
The State charges $100 to form an LLC, and $25 as the annual fee. As a business entity, you are required to provide the details annually during the anniversary month. You are advised to share the details with the Oklahoma Secretary of State and attach your Annual Certificate with it.
The State of Oregon requires you to pay $100 for forming an LLC, and the same amount as an annual fee to file your annual report. This report needs to be submitted in the anniversary month. The details have to be shared with the OR Secretary of State by attaching an Annual Report.
The ‘State of Independence’ requires you to pay an LLC filing charge of $125. This charge is irrespective of whether you have a domestic or a foreign LLC. You are required to pay an annual fee of $7 and pay it in the anniversary month. The details have to be shared with the PA Department of State, along with your Annual Report.
#5 Rhode Island
The state requires that you pay an LLC filing fee of $150 and an annual fee of $50. This annual filing has to be done between February 1st and May 1st. It needs to be filed with the RI Secretary of State by submitting your Annual Report.
#6 South Carolina
The State of South Carolina requires you to pay an LLC filing fee of $110. There is no official annual fee to file an annual report. The fact remains that there is no annual filing required in the state unless the LLC files taxes as an S-Corp.
#7 South Dakota
The State requires an LLC filing fee of $150 and a $50 annual fee. This price has to be paid annually, on the anniversary month to the SD Secretary of State, along with your Annual Report.
The State of Tennessee requires the same price as part of LLC filing and an annual fee at the cost of $300. The charges for the same need to be paid to the TN Secretary of State along with your Annual Report by April 1st.
The State of Texas requires you to file an amount of $300 for LLC filing. There is no additional annual fee to file an annual report. A No Tax Due Report and Public Information Report must be filed every year by May 15th with the TX Comptroller, Public Information Report along with the Franchise Tax.
The LLC formation charge in Utah is $54. The annual fee is $18. It has to be shared annually during the anniversary month. It has to be shared with the UT Department of Commerce with an Annual Report.
A price of $125 has to be paid for LLC formation, and $35 has to be paid as an annual fee by March 15th to the VT Secretary of State along with an Annual Report. These details have to be shared with the authorities to ensure that everything is in order.
The state of Virginia requires you to pay a $100 LLC formation fee and a $50 annual fee. This has to be paid during the anniversary month to the VA Corporation Commission, with an Annual Registration Fee.
The State of Washington requires you to file an LLC filing fee of $200. The annual report needs to be filed with an annual fee of $60, in the Anniversary month. The filing has to be done to the WA Secretary of State with the Annual Report.
#14 Washington DC
The state of Washington DC requires an amount of $99 to start an LLC in the state. The annual fee has to be $300 that needs to be filed every other year on April 1st. It needs to be filed with the DCRA, along with the Biennial Report.
#15 West Virginia
The LLC filing fee of $100 has to be paid for LLC formation. An annual fee of $25 has to be paid on the 1st of July. It has to be paid to the WV Secretary of State along with the Annual Report.
The state requires an amount of $130 to form an LLC in Wisconsin. You are required to pay a $25 annual fee. This needs to be done annually, in the anniversary quarter. The details have to be submitted to the WI Secretary of State along with the Annual Report.
The LLC formation fee of $100 has to be paid in Wyoming. The amount for an annual fee is a minimum of $60. It needs to be paid annually in the anniversary month. The amount has to be paid to the WY Secretary of State along with the Annual Report.
LLC formation is easy in the United States of America. You need to follow the guidelines to avoid any hassles in the country. This way to form an LLC will be essential in making things valuable for you. You are required to check on information about your LLC state to ensure that you make the right payment. It’s important to adhere to the state laws because these laws govern how you will run your business in the state.
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