From Application to Approval: Small Business Loan Roadmap
Also, be aware that an LLC might not be as cheap to start as a partnership or sole proprietorship. A few states charge significant filing fees, plus annual dues (alternately called minimum taxes, annual fees, or renewal fees). These fees can push the costs of starting an LLC into the several-hundred-dollar range. Massachusetts, for instance, charges a $500 fee to file a Certificate of Organization, and California requires that you pay a minimum annual LLC tax of $800 when you start your LLC —on top of its $70 filing fee. While some LLCs opt for a structure in which the…Continue Reading