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

by uptownhr on 3/26/21, 11:23 PM with 12 comments

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?

  • by giantg2 on 3/27/21, 3:04 PM

    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.

  • by wsh on 3/27/21, 7:00 PM

    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.

  • by Spooky23 on 3/28/21, 12:55 AM

    Probably a domestic LLC in your state.

    Usually the costs for registration of a foreign entity are the same or more, so you pay twice.

    If you’re registering a Delaware company for a particular reason, that reason makes cost irrelevant.

  • by reviel1 on 3/27/21, 1:05 PM

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

  • by carmen_sandiego on 3/27/21, 1:41 AM

    Which country? Or do you mean anywhere?

  • by runjake on 3/26/21, 11:57 PM

    LLC in the US?

  • by alexeyshurygin on 3/26/21, 11:58 PM

    Clerky may be