Ask HN: What's the cheapest way to maintain a corporation?

#1

Post by uptownhr » Fri, Mar 26, 2021, 11:23 PM UTC

End to end, from Filing entity, keeping up with franchise taxes and tax filings.

If you wanted to form an entity for the purposes of limiting your personal liability, what is the cheapest Corporation stack available to create and maintain a corporation, year over year?

Re: Ask HN: What's the cheapest way to maintain a corporation?

#2

Post by runjake » Fri, Mar 26, 2021, 11:57 PM UTC

LLC in the US?

Re: Ask HN: What's the cheapest way to maintain a corporation?

#3

Post by alexeyshurygin » Fri, Mar 26, 2021, 11:58 PM UTC

Clerky may be

Re: Ask HN: What's the cheapest way to maintain a corporation?

#4

Post by carmen_sandiego » Sat, Mar 27, 2021, 1:41 AM UTC

Which country? Or do you mean anywhere?

Re: Ask HN: What's the cheapest way to maintain a corporation?

#5

Post by [deleted] » Sat, Mar 27, 2021, 12:26 PM UTC

[deleted]

Re: Ask HN: What's the cheapest way to maintain a corporation?

#6

Post by reviel1 » Sat, Mar 27, 2021, 1:05 PM UTC

Check out https://blook.io - simple us business registration

Re: Ask HN: What's the cheapest way to maintain a corporation?

#7

Post by giantg2 » Sat, Mar 27, 2021, 3:04 PM UTC

I use an LLC. The complexity and cost vary from state to state. For me, it cost about $300 to set up, and about $70 every 10 years to maintain. As a single member LLC, you can even file the taxes under your own return.

Re: Ask HN: What's the cheapest way to maintain a corporation?

#8

Post by jtchang » Sat, Mar 27, 2021, 4:58 PM UTC

giantg2 wrote: post #7

I use an LLC. The complexity and cost vary from state to state. For me, it cost about $300 to set up, and about $70 every 10 years to maintain. As a single member LLC, you can even file the taxes under your own return.

Which state do you use?

Re: Ask HN: What's the cheapest way to maintain a corporation?

#9

Post by giantg2 » Sat, Mar 27, 2021, 6:04 PM UTC

jtchang wrote: post #8

giantg2 wrote: post #7

I use an LLC. The complexity and cost vary from state to state. For me, it cost about $300 to set up, and about $70 every 10 years to maintain. As a single member LLC, you can even file the taxes under your own return.

Which state do you use?

I'm in PA. It does get more expensive if you're doing an out of state LLC due to registered agent options. It can also make things like taxes and certain business licenses more difficult - basically doing paperwork for both the registered state and your operating state while knowing the laws for both.

Re: Ask HN: What's the cheapest way to maintain a corporation?

#10

Post by wsh » Sat, Mar 27, 2021, 7:00 PM UTC

If you’re in California, it’s difficult to avoid the state’s $800 annual minimum tax, regardless of where the entity is formed or who does the initial or ongoing paperwork.

Even if a corporation or LLC is organized in Delaware or another state, if it does business or has employees in California, it has to register with California and pay the tax, which in some situations is waived for the first year.