ENTITY FORMATION COST
We tailor each arrangement to the situation facing you, our client, based on information from a Questionnaire or interview. While any situation may be unusual, our legal fees and expenses are likely to be about as in the chart below, if you answer the questions in the Questionnaire. All
these flat fees are payable at the time of engagement. Likely Basic Fee and Expenses To Form an Entity | Entity | Documents | Filing Fee | Other Expense | Likely Total | | Single
Owner Corporation | $450.00 | $350.00 | $200.00* | $1000.00 | | Single
Owner LLC1 | $500.00 | $350.00 | | $850.00 | | Small Multi-Owner Corporation | $650.00 | $350.00 | $200.00* | $1200.00 | | Small Multi-Owner LLC | $850.00 | $350.00 | | $1200.00 | | Limited Partnership | $850.00 | $800.00 | $850.00> | $2500.00 | | Family Limited Partnership | $1250.00 | $800.00 | $850.00> | $2900.00 | | Limited Liability Limited Partnership | $1000.00 | $1000.00+ | | $2000.00 | | Limited Liability Partnership | $950.00 | $400.00+ | | $1350.00 | | Standard Trust (Child, Life Insurance) | $1200.00 |
$50.00 | | $1250.00 | | Complex Trust (Residence, Charitable) | $1950.00 | $50.00 | | $2000.00 |
Legend * Minute Book and Share Certificates issuance
are required for a corporation, okay for LLC or LP.
1 Advisable only as an entity's subsidiary; individuals are advised to have two or more members.
> Cost of a single member LLC to be the general partner; in an LLLP, individual(s) will usually be the general partner(s).
+ The filing fee is $200 per general partner per year (so, for an LLLP, the limited partnership filing fee of $800.00 plus one general partner at $200.00).
Other Likely Formation Fees and Expenses | Sterling Minor to Serve as Registered Agent | $100.00/year | | Subchapter S Election for Federal Taxation | $150.00 | | Sterling Minor to Serve as Registered Agent and to Maintain Resolutions, etc. | $350.00/year | | Obtain and Prepare Minute Book, including preparing and issuing certificates | $200.00 | | Fee Deposit (put in our trust account) to Serve as General Counsel for the business | $600.00 | | Trademark Application for Unique Name or Logo | $750.00 | | Officer or Manager Employment Agreement | $500.00 up | Conference to decide the type of entity and the type of federal taxation (.75 -1 hour).
Consultation time and negotiation with other members, shareholders, partners, lenders, etc. | $300.00/hour |
The letter for our typical engagement to create an LLC, for example, is available here . . |
