Which State Has the Lowest Taxes for Business?

It costs $175 to form an LLC in Maine. This fee is for the Certificate of Formation filed with the Maine Secretary of State. Additional costs may apply for name reservation or amendments. Maine does not require a general business license.
To open a Maine LLC, choose a unique name and registered agent, file the Certificate of Formation, and pay the $175 fee to the Secretary of State. Expedited processing is available for fees.
The annual report filing fee is $85, due by June 1st each year to confirm the LLC’s existence and provide updated contact information.
Filing as a foreign LLC in Maine costs $250. Submit the Statement of Foreign Qualification form by mail.

Lowest Taxes for LLC: States with no income tax: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, and Wyoming. Some states have high sales or property taxes to compensate for the lack of income tax.
Wyoming: No individual or corporate income tax. Relies on property, oil, sales, and excise tax for revenue.
Alaska: No income tax, no sales tax statewide. Some local communities may charge sales tax.