LLC Yearly Fee: Everything You Need to Know
An LLC yearly fee is owed to the state in which a limited liability company (LLC) is registered to conduct business on an annual basis, along with its annual report. 3 min read
An LLC yearly fee is owed to the state in which a limited liability company (LLC) is registered to conduct business on an annual basis, along with its annual report.
LLC Yearly Fees
Each state charges different annual fees, but the average is about $100. This fee goes by different names depending on the state, including:
- Annual report
- Annual list of members
- Periodic report
- Franchise tax report
- Annual registration fee
- Biennial statement
- Biennial report
- Business privilege tax return
- Decennial report
There are a few different fees required when you first form an LLC, like the filing fee and a name reservation fee, if you need to put your desired name on hold. Once the business is registered with the state, it will owe regular fees throughout its lifespan in order to remain in good standing with the state.
Some states require fees yearly and others every two years. As long as your business is active, it will need to pay an annual fee. Even if the LLC has a low income for the year or is not substantially active, it will still owe a fee.
If an LLC does not pay the annual or biannual fee owed to the state, the business can be forced to shut down or dissolve.
State Fees
Here are the initial and annual (or biennial) fee amounts for each state:
- Alabama initial fee is $183; annual is $100
- Alaska initial fee is $250; biennial is $100
- Arizona initial fee is $50; there is no annual fee
- Arkansas initial fee is $50; annual is $150
- California initial fee is $70; annual is $800
- Colorado initial fee is $50; annual is $10
- Connecticut initial fee is $160; annual is $20
- Delaware initial fee is $90; annual is $300
- Florida initial fee is $125; annual fee is $138.75
- Georgia initial fee is $100; annual fee is $50
- Hawaii initial fee is $50; annual fee is $15
- Idaho initial fee is $100; there is no annual fee
- Illinois initial fee is $150; annual is $75
- Indiana initial fee is $90; biennial fee is $50 via mail or $31 when paid online
- Iowa initial fee is $50; biennial fee is $60 via mail or $45 when paid online
- Kansas initial fee is $165; annual fee is $55
- Kentucky initial fee is $40; annual fee is $15
- Louisiana initial fee is $100; annual fee is $35
- Maine initial fee is $175; annual fee is $85
- Maryland initial fee is $100; annual fee is $300
- Massachusetts initial fee is $500; annual fee is $500
- Michigan initial fee is $50; annual fee is $25
- Minnesota initial fee is $160; no annual fee
- Mississippi initial fee is $50; no annual fee
- Missouri initial fee is $105; no annual fee
- Montana initial fee is $70; annual fee is $20
- Nebraska initial fee is $105; biennial fee is $10
- Nevada initial fee is $75; annual fee is $500
- New Hampshire initial fee is $100; annual fee is $100
- New Jersey initial fee is $125; annual fee is $53
- New Mexico initial fee is $50; no annual fee
- New York initial fee is $200; biennial fee is $9
- North Carolina initial fee is $125; annual fee is $200
- North Dakota initial fee is $135; annual fee is $50
- Ohio initial fee is $99; no annual fee
- Oklahoma initial fee is $100; annual fee is $25
- Oregon initial fee is $100; annual fee is $100
- Pennsylvania initial fee is $125; decennial fee is $70
- Rhode Island initial fee is $150; annual fee is $50
- South Carolina initial fee is $110; no annual fee
- South Dakota initial fee is $150; annual fee is $50
- Tennessee initial fee is $300; annual fee is $300
- Texas initial fee is $300; no annual fee
- Utah initial fee is $70; annual fee is $15
- Vermont initial fee is $125; annual fee is $35
- Virginia initial fee is $100; annual fee is $50
- Washington initial fee is $180; annual fee is $81
- Washington D.C. initial fee is $220; biennial fee is $300
- West Virginia initial fee is $100; annual fee is $25
- Wisconsin initial fee is $130; annual fee is $25
- Wyoming initial fee is $100; annual fee is $50
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