What Does It Take to Start a Corporation? Initial Costs for Starting a Corporation

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.

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