How Much Does an LLC Cost in Washington DC?

Selecting a business structure and registering with the DC government are two of the initial steps you must take if you want to launch a business in Washington, DC. The best choice for many business owners is to establish a limited liability organization (LLC). But what does it cost in Washington, DC, to set up an LLC? The response is that it depends on a number of variables. A new LLC in DC must pay a basic filing fee of $220. But if you decide to file quickly or if you need to submit more paperwork, there can be extra costs. Alternatively, you can use a professional service, which could run you $50 to $500 or more, to do the paperwork for you.

LLCs in DC must also pay a $300 yearly report fee in addition to the filing fees. Failure to pay this charge, which is due every two years, might lead to the DC government administratively dissolving your LLC. Additionally, LLCs must pay $47 for a Tax Registration Certificate from the DC Office of Tax and Revenue.

It’s a good idea to speak with a lawyer or tax expert who can help you weigh your alternatives if you’re unsure whether forming an LLC is the best solution for your company. Remember that creating an LLC can offer a number of advantages, including protection from personal liability and flexibility in how you structure your company.

Yes, you must obtain a Basic Business License (BBL) from the DC Department of Consumer and Regulatory Affairs (DCRA) if you run a sole proprietorship in the District of Columbia. The BBL has a two-year expiration date and costs $150. Every two years, you must renew your BBL in order to comply with DC law. Do I Have to Register My Business in Washington, DC?

Yes, the DC government requires all companies doing business there to register. This comprises companies with their headquarters outside of Washington, DC, but which maintain a physical presence there. Through the DC Business Center, which is run by the DCRA, you can register your business online. How Can I Obtain a General Contractor License in DC?

You must pass a written test and fulfill specific experience and educational requirements in order to become licensed as a general contractor in DC. A surety bond and proof of insurance are also requirements. General contractors in DC must be licensed and renew their licenses every two years for a $250 charge.

Your unique credentials and expertise will determine which contractor license is the simplest to obtain. Some states do, however, provide restricted licenses or exemptions for specific jobs that don’t call for a full contractor license. For instance, you might be able to acquire a Home renovation Salesperson license in DC, which would allow you to market home renovation services but not really carry out the work. For additional information about your options, speak to your state’s or region’s licensing board.