How much does an LLC cost per year?
The state filing fee is a one-time cost when you form the LLC. After that, your yearly budget can include a state report fee or tax, a registered agent renewal, and the cost of preparing your tax filings.
A registered agent receives official letters and legal notices for the LLC. If your formation package includes the first year, ask what the renewal costs before you compare packages.
Wyoming: $60 minimum annual report fee
Wyoming has a $60 minimum annual report fee and no state income tax.
The fee can be higher if the LLC holds a large amount of assets in Wyoming, which is rare for online businesses. Add your registered agent renewal to get the full yearly cost.
Delaware: $400 annual LLC tax
Delaware charges a flat $400 annual LLC tax, due June 1. It rose from $300 starting with the 2026 tax year.
If you search for "Delaware franchise tax", make sure you follow the LLC payment instructions. Delaware corporations use a different franchise tax calculation.
New Mexico: no yearly state fee
New Mexico LLCs have no annual report and no yearly state fee.
You still need a registered agent in New Mexico, so include the renewal in your budget. Speak to a US accountant about your federal filings even though there is no state fee to pay.
Montana: $20 annual report, currently waived
Montana's standard annual report fee is $20. The state has waived it for reports filed on time, between January 1 and April 15, for 2024 through 2027.
The report itself is still required. A report filed after April 15 costs $35, so set a reminder each year.
Florida: $138.75 annual report
Florida charges $138.75 for an LLC annual report, and adds a $400 late fee if you file after May 1.
The first annual report is due in the calendar year after you form the LLC. Put May 1 on your calendar and file early.
Texas: $300 to form, then a yearly information report
Texas charges a one-time $300 filing fee to form an LLC. Most small LLCs owe no Texas franchise tax.
Even with no tax to pay, every LLC files a free Public Information Report by May 15. Check the reporting rules again if your revenue grows.
IRS Form 5472 for foreign-owned single-member LLCs
Foreign-owned single-member LLCs usually have to file IRS Form 5472 every year, even with no US income. Filing depends on whether the LLC had a reportable transaction with its owner.
Money you put into the LLC or take out of it usually counts as a reportable transaction. The penalty for missing the filing is high, so speak to a US accountant about whether you need to file and what records to keep.
How Bison can help
Our Montana package starts at $299 and Wyoming starts at $349. Both include the state filing fee, the EIN application and one year of registered agent service.
Prices for every other state are on our US LLC page. When you compare providers, ask what registered agent service costs after the first year.