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The Lowest Incorporation Fees

Startupr
11 September, 2017

If you are thinking about starting a new business in the United States, you should consider many different aspects.

One of the main financial matters associated with establishing a new company are filing fees and annual fees.

Filing Fee

The filing fee is a one-time fee paid to the state to form your company.

Annual Fee

The annual fee is an ongoing fee paid to the state to maintain your company and keep your business in good standing. Depending on the state, it's usually paid every year or two years.

This fee is mandatory, regardless of your company's activities or income. Failure to pay this fee may result in the state dissolving your company.

Wyoming

Nevada, Delaware and Wyoming are the most cost effective states to incorporate and maintain a company. Specifically, Wyoming, the initial costs of company formation are below average. If you decide to incorporate in Wyoming, you will end up paying 65% less in fees compared to other states.

The annual fee to maintain your entity in Wyoming is also low. You will pay only $50 USD if your business has less than $250,000 USD in assets in Wyoming. For comparison, the average US LLC fee is $101 USD. In some states, the annual fee can go up to $500 USD (e.g. Massachusetts). In other states, you would be required to pay Annual LLC Franchise Tax of $800 USD.

Among other advantages of incorporating in Wyoming, the state offers increased privacy and superior asset protection and low taxes.


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Startupr

Startupr puts you first. This is why our main focus is Startups with global ambitions. We give you the freedom to build your business while we take care of the tedious, administrative tasks, leaving you to concentrate on your dream for your company. As part of our brilliant service, our back end software will automatically send you reminders of important annual filings, and upload your important document to your online account. startupr.hk

 

 

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