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:

  1. State filing fee: $50-500 (Check your state)
  2. Operating Agreement: $0-200 (Does free sound good? Not all situations require an operating agreement – check by state.)
  3. 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:

  1. Website domain: $0.99-100+ (Godaddy often runs sales for .99 on your first domain.)
  2. 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!)
  3. 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)).
  4. 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.
  5. 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!