Master Business Setup Fast with Exclusive LLC Agreements
Cost Considerations and Financial Benefits
The cost of setting up an LLC can vary widely depending on the state and the complexity of the agreement. On average, state filing fees range from $50 to $5001. While this initial investment might seem significant, the long-term financial benefits often outweigh these costs. LLCs offer pass-through taxation, meaning business income is only taxed once on the personal income tax returns of the members, avoiding the double taxation faced by corporations2.