Companies must register, pay fees, and may have additional costs. Additional costs include licenses, permits, inventory, rent, utilities, taxes, and filing needs. Preparation is critical when starting a business.
Typical Expenses
Expenses depend on the industry, size and scope. Startup costs range from $50,000 to $1 million.
- Location
- Services
- Filing needs
Incorporation Costs
Filing articles of incorporation typically costs $200-500. More fees may apply depending on the business.
Summary
Estimating expenses accurately is critical when starting a business. Companies must prepare for various financial obligations beyond the initial registration and fee payments. Startup costs can vary greatly depending on several factors.