Comparison of LLC Incorporation State Fees by providers (TL;DR -> Some providers RIP off Customers, blatant lying)

I am a fan of LLCs. An LLC provides immense benefits for an upcoming new business or a fledgling startup.

There are various online companies that help you get incorporated in various states (states have different pros & cons) and the services they provide differ widely; It is difficult to compare them apples-to-apples.

But all these companies have one firm undeniable common point — the state filing fee. Each state has a fixed filing fee that any new business must pay to get incorporated. Given this is a constant, one might expect that most incorporation services simply pass this buck along to the customer. However, it is surprising (and disappointing) that some of these firms charge you 100% higher that actuals (sad smiley)

Example of the State of Kentucky — $40 LLC Incorporation Fee

KY charges a simple $40 fee for “Articles of Incorporation”

Now when I try to use the top Online Incorporation firms, I can use this $40 as a fixed constant metric……….or so I thought.

  1. Bizfilings.com (owned by Wolters Kluwer)

Bizfilings charges you an unbelievable $90 KY State Fee, $50 (125% extra) more than the State Charges!

Bizfilings KY State Fee 90 Dollars - a full 125% higher charge!

Bizfilings KY State Fee 90 Dollars — a full 125% higher charge![/caption]

Their Fee Breakdown does not say why its $90….

Biz filings fee breakdown

Biz filings fee breakdown[/caption]

2. Incorporate.com (by The Company Corporation)

The next offender is INCORPORATE.COM — These folks charge their KY filing customers $60, a 50% surcharge over what KY demands…

Incorporate-com KY State Fee 60 Dollars (a 50% price hike compared to KY state fees)

Incorporate-com KY State Fee 60 Dollars (a 50% price hike compared to KY state fees)[/caption]

3. Form-A-Corp.com

This company charges a modest $5 increase over the actual state filing fee cost. Again, it is unfair that the customer is not clearly informed of this higher cost.

Form-a-corp-com KY State Fee 45 Dollars (a $5 increase)

Form-a-corp-com KY State Fee 45 Dollars (a $5 increase)[/caption]

All the remaining major companies all seemed to charge the standard $40 that one expects them to honestly & transparently charge a customer.

LEGALZOOM

LEGALZOOM KY State Fee 40 Dollars (the correct amount)

LEGALZOOM KY State Fee 40 Dollars (the correct amount)[/caption]

INCFILE

INCFILE KY State Fee 40 Dollars (the correct amount)

INCFILE KY State Fee 40 Dollars (the correct amount)[/caption]

SWYFTFILINGS

SWYFTFILINGS KY State Fee 40 Dollars (the correct amount)

SWYFTFILINGS KY State Fee 40 Dollars (the correct amount)[/caption]

MYCORPORATION

MYCORPORATION KY State Fee 40 Dollars (the correct amount)

MYCORPORATION KY State Fee 40 Dollars (the correct amount)[/caption]

MAXFILINGS

Maxfilings - Looks exactly like INCFILE - KY State Fee 40 Dollars (the correct amount)

Maxfilings — Looks exactly like INCFILE — KY State Fee 40 Dollars (the correct amount)

Please share this information with anyone looking to find the right service for LLC incorporation! Thanks for reading this :)

Regards,
Vishnu

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