Creating a Limited Liability Company (LLC) is one of the many legal procedures required to launch a business. Similar to corporations, LLCs provide business owners with protection from personal liability in the event of legal complications. Though they differ from corporations in that they have a more straightforward structure, LLCs are a preferred option for small business owners. You might be interested in learning how much it will cost to form an LLC in Washington, DC. The price of registering an LLC in DC will be thoroughly explained in this post. How Much Does it Cost to Form an LLC in Washington, D.C.?
DC charges $220 in filing fees for an LLC. However, you can pay an extra $100 for 24-hour service or $50 for 3-5 day service if you require expedited services. The LLC paperwork can be submitted online or by mail. The online filing method is quicker and more practical, and you may use a credit card to pay the filing fees. You can use a check or money order to pay the costs if you choose the mail option. How Long Does It Take to Form an LLC in Washington, DC?
An LLC in DC normally takes 15 working days to process. However, if you choose expedited services, you might get your LLC papers as soon as 24 hours after ordering. It’s important to keep in mind that processing times can change depending on a number of variables, including the intricacy of your company’s organizational structure and the time of year. How Much Does a Certificate of Good Standing in Washington, D.C. Cost?
Your LLC’s legitimacy to conduct business in DC is confirmed by a certificate of good standing, often known as a certificate of existence. In Washington, DC, a certificate of good standing costs $55. This document can be ordered online or by mail. What Does a Business License in Washington, DC Cost?
Before opening for business in DC, every company must get a Basic Business License (BBL). Depending on your business’s needs and the services you provide, a BBL in DC might cost a variety of amounts. A BBL costs $150 for the majority of enterprises. The price is $97 if you run a home-based firm, though. An in-person or online BBL application is available. How Much Does an LLC Cost in Maryland?
The application price for forming an LLC in Maryland is $100. However, you can pay an extra $50 for 7-day service or $100 for 24-hour service if you require expedited services. In Maryland, processing an LLC normally takes 7 to 10 business days. LLCs must also register their trade names with Maryland, which costs $25.
In conclusion, it costs $220 to register an LLC in the District of Columbia, and it takes 15 business days to process the application. However, you can pay an extra cost for quicker processing periods if you require expedited services. Businesses in DC must also acquire a Basic Business License, the cost of which varies based on the type of enterprise. The filing fee and processing time for new LLCs in Maryland are $100 and 7–10 business days, respectively.