Categories: Where to Start a Business

What are the cheapest states to file in?

Welcome to the beginning of MyCorporation’s next Wednesday blog segment: MyCorp FAQs! In this series, we will discuss the questions our customer service team answers on a daily basis. Have a question yourself? Leave it in the comments below!

One of the questions we always get is, “What are the cheapest states to file in?” Though there are plenty of good reasons to file in your home state, filing your business in a cheap state may seem like a pretty good option for the new business owner who’s trying to save every penny he can. Just be sure to do your research on the taxes, foreign qualifying regulations, and state policies of the states you’re thinking about looking at. Just as our latest video, “Where Should I Incorporate,” suggests a lot goes into picking a state to file in. But, without further ado, here are the top ten states with the cheapest standard state fees for both LLCs and Corporations:

Cheapest LLC States:

1. Kentucky- $40

2. Arkansas- $45

3. Arizona- $50

4. Colorado- $50

5. Hawaii- $50

6. Iowa- $50

7. Michigan- $50

8. Mississippi- $50

9. Missouri- $50

10. New Mexico- $50

Cheapest Corporation States:

1. Arkansas- $45

2. Colorado- $50

3. Hawaii- $50

4. Iowa- $50

5. Mississippi- $50

6. West Virginia- $50

7. Oklahoma- $54

8. Kentucky- $55

9. Missouri- $58

10. Arizona- $60, Michigan- $60

Are you ready to file your business today? Have questions on getting started? Give us a call at 1 877 692 6772 or visit us at www.mycorporation.com!

Deborah Sweeney

Deborah Sweeney is an advocate for protecting personal and business assets for business owners and entrepreneurs. With extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on the benefits of incorporation and trademark registration. Education: Deborah received her Juris Doctor and Master of Business Administration degrees from Pepperdine University, and has served as an adjunct professor at the University of West Los Angeles and San Fernando School of Law in corporate and intellectual property law. Experience: After becoming a partner at LA-based law firm, Michel & Robinson, she became an in-house attorney for MyCorporation, formerly a division in Intuit. She took the company private in 2009 and after 10 years of entrepreneurship sold the company to Deluxe Corporation. Deborah is also well-recognized for her written work online as a contributing writer with some of the top business and entrepreneurial blogging sites including Forbes, Business Insider, SCORE, and Fox Business, among others. Fun facts/Other pursuits: Originally from Southern California, Deborah enjoys spending time with her husband and two sons, Benjamin and Christopher, and practicing Pilates. Deborah believes in the importance of family and credits the entrepreneurial business model for giving her the flexibility to enjoy both a career and motherhood. Deborah, and MyCorporation, have previously been honored by the San Fernando Valley Business Journal’s List of the Valley’s Largest Women-Owned Businesses in 2012. MyCorporation received the Stevie Award for Best Women-Owned Business in 2011.