The cheapest way to get an LLC
I knew a lawyer who helped me through the process, but if you aren’t so lucky and don’t have a $1,000 ready to spend on lawyer fees, you can use an online legal service like RocketLawyer.com.
There are many sites like it, but this site helps you to form an LLC at a much lower price than with a lawyer face to face.
As you can see in the following image the total cost (for my state) comes out to $433.95, but if we take a closer look, you will see that you can get it quite a bit cheaper by not using some of the optional services.
The registered agent
All corporations and LLCs must have a registered agent, a person or business able to receive documents during normal business hours at a legal physical location within the business’ state. Since I’m at my business location during regular business hours, I chose to be my own registered agent and saved the fee. Some people may need this, but, surely, some will not.
The tax ID (or EIN)
This one is a joke. You can apply for an EIN online for free. (See the next chapter.) It literally is a five-minute process, and then you have your Tax ID. No one needs to pay $40 for this.
The corporate kit
This is just a bunch of junk (in my opinion) to get you to spend more. Some people may want it, but you can find and purchase it all separately.
According to the website, “The corporate kit memorializes your new business. It has all the essential tools to get your company started: embossed binder, stock certificates, sample bylaws, business forms, and more.
If you can do without those things and happen to live in Missouri like me (each state’s filing fee is different), you can get it all done for $225 at RocketLawyer.com.