The following are the costs associated with starting an LLC in Washington DC:
- Filing Fee: $99 LLC Articles of Organization
- Permit/Certificate: $72.60 Home Occupation Permit or Certificate of Occupancy
- Basic Business License (BBL): Varies based on the LLC’s business activities
- Business Insurance: May be required, at varying costs
Bi-Annual Fees and Compliance
To stay compliant:
- No annual fees for Washington DC LLCs
- Bi-Annual Fees: Paid every 2 years
- Maintain Compliance: Use the LLC After Formation guide for more information
Steps to Form a DC LLC
- File Articles of Organization: With the Department of Consumer & Regulatory Affairs online, by mail, or in person; filing fee $99-$199
- Appoint a Registered Agent: Costing $99-$150 per year, or serve as your own
- Acquire an EIN: Submit Form SS-4 to the IRS for free
- Gather LLC Documents: Name availability information, formation documents
- Licenses and Permits: Acquire as required
Cost Comparison and Name Selection
- LLC Cost Comparison: Most expensive in Massachusetts ($500), cheapest in Kentucky ($40), national average $122
- Name Selection: Check DC’s database for name availability; name must be unique
Registration and Filing Timeframes
- LLC Registration: Takes 1-5 days depending on the method and state workload; Registered Agent cost $99-$150 annually
- Certificate of Formation: Major expense of up to $200; annual report fee of $60
- Average Formation Time: Typically 7-10 days, can vary by filing method and state
Please note that some sections with redundant information have been removed to avoid unnecessary repetition, as per the given requirements.