Proposal

EddieJennings

@EddieJennings said in Proposal:

@NDC said in Proposal:

Filing to create an LLC in CO appears to be $50. Based on some previous statements I was expecting it to be more. Are there typically extra steps that will bump up the cost or are we just cheap?

Georgia is cheap. I'm pretty sure my annual registration is around $50. The initial registration was $100 maybe.

You have to register annually?

Yeah. And I confirmed, the annual registration is $50. I do recall the initial registration (business formation) being a little more.

EddieJennings

Yeah. Original filing fee is $100 for Georgia.
https://georgia.gov/popular-topic/corporations-llcs-and-limited-partnerships

JaredBusch

Illinois is $150 / $75
https://www.cyberdriveillinois.com/departments/business_services/organization/llc_instructions.html
https://www.cyberdriveillinois.com/news/2017/december/171220d1.pdf

NDC

I don't actually see a renewal cost for CO. Not sure if we don't have one or I'm just missing it.

https://www.sos.state.co.us/pubs/info_center/fees/business.html#BIZ

JaredBusch

@NDC said in Proposal:

I don't actually see a renewal cost for CO. Not sure if we don't have one or I'm just missing it.

https://www.sos.state.co.us/pubs/info_center/fees/business.html#BIZ

I would assume that they do.

Here is what Illinois says about it.

NDC

Seems pretty likely there would be some form of renewal. I do spot a fee for filing a periodic report which is only $10. I'll have to dig in a bit more and see what else might apply.

zachary715

$50 with no annual fee in Mississippi. Nationwide average is $127 as of 2016

Also... https://www.llcuniversity.com/llc-filing-fees-by-state/

JaredBusch

@zachary715 said in Proposal:

$50 with no annual fee in Mississippi. Nationwide average is $127 as of 2016

Yeah Illinois dropped theirs from $400 in 2017

zachary715

We had a local lawyer help us form ours and I don't remember exactly, but I think it might have cost around $200 give or take. So unless you feel comfortable doing it yourself or through LegalZoom, etc. that's an additional cost. Still not bad.

zachary715

@JaredBusch said in Proposal:

@zachary715 said in Proposal:

$50 with no annual fee in Mississippi. Nationwide average is $127 as of 2016

Yeah Illinois dropped theirs from $400 in 2017

Well maybe that link is up to date then, and the article still references the original publish date.