Cost of Your New Business
Cost of Your New Business
So you’re interested in starting a business, right? Now you’re wondering how much it might cost. Here are a few estimates and options you might come across with a new LLC.
Let’s start with getting legal:
- State filing fee: $50-500 (Check your state)
- Operating Agreement: $0-200 (Does free sound good? Not all situations require an operating agreement – check by state.)
- Federal Tax ID Number (EIN): Free (Watch out for websites that want to sell this to you.)
Okay, now you need a website, logo, and other stuff:
- Website domain: $0.99-100+ (Godaddy often runs sales for .99 on your first domain.)
- Web hosting (not the same as a domain. You need both!): $1.99+ per month (There are many hosting sites that will give you initial deals and then jack up prices. Trust us, if you fight it, you can get some incredible deals!)
- Website design: $0-1,000+ (If you don’t feel you can do it yourself, there are thousands of sites that can do it for you (including us)).
- Branding: $50-500+ (Again, many companies can do this for you (including us). One thing to remember here is that quality is very important because it is the face of your company.
- Business phone: $0+ (We use Google Voice and Google Hangouts for free. You can get a new number just for your business.)
NEWLEAF TAKEAWAYS (TLDR):
Your grand total for starting a new LLC is roughly: $120-2,000 depending on your state and how comfortable you are with doing it yourself.
Checkout out our New Business Checklist for resources on starting your business!
NEWLEAF TAKEAWAYS (TLDR):
Your grand total for starting a new LLC is roughly: $120-2,000 depending on your state and how comfortable you are with doing it yourself.
Checkout out our New Business Checklist for resources on starting your business!