The amount you should pay for an LLC is around $132.00 to $500.00
The cost to form an LLC which is often $132.00 mainly consists of the state filing fees which can range from $35.00 to $500.00 depending on your location.
Additional costs like a registered agent service may also add further expense to the total price of forming the LLC.
When setting up an LLC you may also need to pay a fee for a registered agent service which can cost from $100.00 to $200.00 a year.
Depending on your needs you may also choose to pay for additional services like legal document drafting or business name reservation.
If your business already earns a profit or if the business carries any risk of liability, you should start an LLC immediately.
Many folks say you should form an LLC once you earn over $100,000.
Although, many lawyers insist you start an LLC from the get-go which is the best thing to do.
LLC stands for limited liability company and is a business structure that combines the tax benefits of a partnership or sole proprietorship with the limited liability of a corporation.
LLCs protect the business owner's personal assets from lawsuits or bankruptcy.
LLCs can also combine the tax benefits of a partnership or sole proprietorship.
LLCs are also flexible and can be organized in many ways.
LLC members must also approve any new members and transfers and LLC income may be subject to self employment or payroll taxes.