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!

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

Biz filings fee breakdown
Biz filings fee breakdown

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)

 

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)

 

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)

 

INCFILE

INCFILE KY State Fee 40 Dollars (the correct amount)
INCFILE KY State Fee 40 Dollars (the correct amount)

 

SWYFTFILINGS

SWYFTFILINGS KY State Fee 40 Dollars (the correct amount)
SWYFTFILINGS KY State Fee 40 Dollars (the correct amount)

 

MYCORPORATION

MYCORPORATION KY State Fee 40 Dollars (the correct amount)
MYCORPORATION KY State Fee 40 Dollars (the correct amount)

 

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