Costs and Procedures to Start an LLC in DC

It may be thrilling and satisfying to launch your own business in Washington, D.C. However, you must first create a Limited Liability Company (LLC) and adhere to all applicable rules before you can begin running your firm. How much does it cost to form an LLC in Washington, DC? is one of the most often asked questions by business owners. We will examine the fees and processes associated with establishing an LLC in Washington, D.C., in this post.

Depending on the service you use, the price to form an LLC in Washington, DC, can range from $220 to $1,120. A professional entity formation business, a lawyer, or you can do it yourself are all options. Only a $220 filing fee is required if you decide to do it yourself. However, it is your duty to gather all required paperwork and deliver it to the DC Department of Consumer and Regulatory Affairs (DCRA).

There will be additional costs if you decide to work with a professional entity creation company or an attorney. Depending on the level of service you need, hiring a professional entity creation provider might cost anywhere from $250 to $1,000 or more. You should budget between $500 and $1,200 if you decide to have a lawyer to create your LLC. How long does it take to create an LLC in Washington, DC?

Depending on the service you select, forming an LLC in Washington, DC, might take a variety of times. If you opt to form the LLC yourself, it may take the DCRA up to 10 business days to process your application; however, if you prefer to employ a professional entity formation company or a lawyer, it may only take 1 to 5 business days to form your LLC. Do I need to register my LLC in Washington, DC?

Yes, you must register your LLC with the DCRA if you intend to conduct business in Washington, D.C. Fines and penalties may apply if your LLC is not registered. How do I launch my own company in Washington, DC?

1. Pick a name for your company and confirm that it is available.

3. Ask the IRS for an Employer Identification Number (EIN). 4. Sign up for a business license and get any required permits. 5. Adhere to all applicable laws and regulations.

In Washington, DC, you are allowed to act as your own registered agent. You must, though, have a physical address in Washington, D.C., at which legal papers can be sent during regular business hours. You can appoint a qualified registered agent service to serve as your registered agent if you don’t have a physical address in Washington, D.C.