11 online brokers stood out as the best for stock trading due to their low fees, strong trading platforms and quality customer support. Best Online Brokers for Stock Trading Broker Rating Fees Account minimum Promotion Learn more Fidelity 5.0 /5 $0 per trade for online U.S. stocks and ETFs $0 Get $100 when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply. LEARN MORE on Fidelity's website E*TRADE 5.0 /5 $0 per trade $0 Get up to $600 or more when you open and fund an E*TRADE account LEARN MORE on E*TRADE's website Merrill Edge 4.7 /5 $0 per trade $0 Up to $600 when you invest in a new Merrill Edge® Self-Directed account. LEARN MORE on Merrill Edge's website Interactive Brokers IBKR Lite 5.0 /5 $0 per trade $0 Up to $1000 no promotion available at this time LEARN MORE on Interactive Brokers' website J.P. Morgan Self-Directed Investing 4.7 /5 $0 per trade $0 Get up to $700 when you open and fund a J.P. Morgan...
The cost of annual LLC fees by state varies greatly from one state to another depending on specific state requirements. Aside from the one-time filing fee you pay the state to form your LLC, you must also pay the state an ongoing fee to keep your LLC in good standing.
1. LLC Annual Fee
2. How Much Does it Cost to Incorporate in Each State?
3. Business Registration Fees
2. How Much Does it Cost to Incorporate in Each State?
3. Business Registration Fees
The cost of annual LLC fees by state varies greatly from one state to another depending on specific state requirements. Aside from the one-time filing fee you pay the state to form your LLC, you must also pay the state an ongoing fee to keep your LLC in good standing. It is important to understand the annual LLC fees you need to pay to form and maintain an LLC in your state.
LLC Annual Fee
For your LLC to remain compliant and in operation, there are ongoing fees you must pay to your state. You must pay these fees regardless of how much income your LLC earns or how much activity it conducts. Some states require payment each year, while others require payment every two years. In more than 90 percent of states, the state will shut down your LLC if you do not pay your annual LLC fees.
How Much Does it Cost to Incorporate in Each State?
If you are thinking of forming an LLC in your state, there are two types of costs you will need to pay: startup costs and ongoing costs. At a minimum, startup costs include state LLC filing fees and service fees. Startup costs for forming an LLC may include the following services:
- Hiring a business lawyer to file the Articles of Organization, or Certificate of Formation, with the local Secretary of State
- Publishing a statement of formation in local newspapers
- Creating an operating agreement that defines how your LLC will conduct business and distribute profits and losses among members
- Obtaining a federal employer identification number (EIN) from the Internal Revenue Service (IRS)
Startup fees vary from state to state and can change at any time. Filing fees tend to cost more in states that are looking to raise extra funds. In some states, you may need to pay additional fees for consulting with a business lawyer or using service providers.
This table shows the startup and annual LLC fees by state.
State | LLC Filing | LLC Initial Report | LLC Publication | LLC Annual Report | Incorporation Filing | Corporation Initial Report | Corporation Annual Report | Corporation Publication | Incorporation Attorney Signature |
Alabama | $165 |
|
| $0 | $165 |
| $0 |
|
|
Alaska | $250 | $0 |
| $100 | $250 | $0 | $100 |
|
|
Arizona | $50 |
| $299 (required) | $0 | $60 |
| $45 | $299 |
|
Arkansas | $50 |
|
| $150 | $50 |
| $150 |
|
|
California | $75 | $20 |
| $20 | $105 | $25 | $25 |
|
|
Colorado | $50 |
|
| $10 | $50 |
| $10 |
|
|
Connecticut | $175 |
|
| $20 | $455 |
| $100 |
|
|
District of Columbia | $220 |
|
| $300 | $220 |
| $300 |
|
|
Delaware | $140 |
|
| $300 | $140 |
| minimum $225 |
|
|
Florida | $155 |
|
| $138.75 | $78.75 |
| $150 |
|
|
Georgia | $100 |
|
| $50 | $100 | $50 | $50 | $150 (required for corporations) |
|
Hawaii | $50 |
|
| $15 | $50 |
| $15 |
|
|
Idaho | $100 |
|
| $0 | $101 |
| $0 |
|
|
Illinois | $500 |
|
| $305 | $175 |
| $155 |
|
|
Indiana | $90 |
|
| $30 | $90 |
| $30 |
|
|
Iowa | $50 |
|
| $45 | $50 |
| $55 |
|
|
Kansas | $160 |
|
| $55 | $90 |
| $55 |
|
|
Kentucky | $55 |
|
| $15 | $55 |
| $15 |
|
|
Louisiana | $100 |
|
| $30 | $100 |
| $30 |
|
|
Maine | $175 |
|
| $85 | $145 |
| $85 |
|
|
Maryland | $155 |
|
| minimum $300 | $155 |
| minimum $300 |
|
|
Massachusetts | $520 |
|
| $520 | $295 |
| $135 |
|
|
Michigan | $50 |
|
| $25 | $60 |
| $25 |
|
|
Minnesota | $160 |
|
| $0 | $160 |
| $0 |
|
|
Mississippi | $50 |
|
| $25 | $50 |
| $25 |
|
|
Missouri | $50 |
|
| $0 | $58 | $45 | $45 |
|
|
Montana | $70 |
|
| $15 | $70 |
| $15 |
|
|
Nebraska | $120 |
| $150 | $26 | $65 |
| $26 | $150 |
|
Nevada | $75 | $325 |
| $325 | $75 | $325 | $325 |
|
|
New Hampshire | $100 |
|
| $100 | $100 |
|
|
|
|
New Jersey | $125 |
|
| $50 | $125 |
| $50 |
|
|
New Mexico | $50 |
|
| $0 | $100 | $25 | $25 |
|
|
New York | $210 |
| $425–$1,200 | $9 | $145 |
| $9 |
|
|
North Carolina | $125 |
|
| $202 | $125 |
| $20 |
|
|
North Dakota | $135 |
|
| $50 | $100 |
| $25 |
|
|
Ohio | $125 |
|
| $0 | $125 |
| $0 |
|
|
Oklahoma | $104 |
|
| $25 | $52 |
| $0 |
|
|
Oregon | $100 |
|
| $100 | $100 |
| $100 |
|
|
Pennsylvania | $125 |
|
| $0 | $125 |
| $0 | $299 |
|
Rhode Island | $150 |
|
| $50 | $230 |
| $50 |
|
|
South Carolina | $110 |
|
| $0 | $135 |
| $0 |
| $100 |
South Dakota | $150 |
|
| $50 | $150 |
| $50 |
|
|
Tennessee | $325 |
|
| $310 | $125 |
| $20 |
|
|
Texas | $310 |
|
| Based on gross annual revenue | $310 |
| Based on gross annual revenue
|
|
|
Utah | $72 |
|
| $15 | $72 |
| $15 |
|
|
Vermont | $125 |
|
| $25 | $125 |
| $35 |
|
|
Virginia | $104 |
|
| $50 | $79 |
| $100 |
|
|
Washington | $200 | $10 |
| $73 | $200 | $10 | $73 |
|
|
West Virginia | $132 |
|
| $25 | $82 |
| $25 |
|
|
Wisconsin | $130 |
|
| $25 | $100 |
| $40 |
|
|
Wyoming | $103 |
|
| $52 | $103 |
| $52 |
|
|
Business Registration Fees
Before you can form an LLC, you must come up with a name for your company. You then need to register the name with the office of the Secretary of State in the state where you want to form your LLC. A business name search is part of the filing process in most states. Each state has unique requirements for naming a company.
The name you choose for your LLC cannot be in use by any other company in the state where you are forming your LLC. If it is, the state will reject your business registration. You will need to pay an additional fee for filing a new business name. To avoid extra charges, you can conduct a business name search before filing to find out if the name you have chosen for your LLC is already in use by another company.
The costs for annual LLC fees vary from state to state. Knowing what to expect can help you prepare for the startup and ongoing costs involved in forming and maintaining an LLC in your state.
If you need help finding out more about the annual LLC fees by state, you can contact us.