How Much Does It Cost to Start an LLC in 2024?

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💰 How Much Does It Cost to Start an LLC? 💰
In this video, I'll break down the costs of forming your new LLC, covering state filing fees, ongoing expenses, and essential paperwork. Are there fees you can skip, and do you live in one of the states that require you to publish an announcement about your new LLC? I’ll address all that and more!
The cost to start an LLC varies by state. For instance, California, Texas, and Massachusetts have high fees ranging from $300 to $870, while states like Montana and Arkansas charge as low as $35 to $50. I’ll also discuss additional costs, such as annual fees and taxes, and explain how an LLC formation service like Bizee can handle all the admin work for you.

Before we dive in, I want to mention that I have relationships with the services featured in this video. Using the links below supports the channel at no extra cost to you, and you may receive custom discounts!

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For a detailed breakdown of state-specific fees, check out the resources linked below:

Forbes: https://www.forbes.com/advisor/busine...
California Franchise Tax Board: https://www.ftb.ca.gov/file/business/...
New York Department of State: https://dos.ny.gov/certificate-public...
CNN: https://www.cnn.com/cnn-underscored/m...
Montana Registered Agent: https://www.montanaregisteredagent.ne...
Northwest Registered Agent: https://www.northwestregisteredagent....
Wisconsin Department of Financial Institutions: https://dfi.wi.gov/Pages/BusinessServ...
Minnesota Secretary of State: https://www.sos.state.mn.us/business-...

Thanks for watching, and I’ll see you in the next video! 🎥👋

Video Chapters:
0:00 Intro
1:06 State Filing
3:41 Name & Operating Agreement
6:11 Publication & Registered Agent
8:30 Recurring & Annual
9:45 Recommended Services
11:48 Conclusion

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