Search thousands of topics on CostHelper

BROWSE ALL TOPICS >> babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business sports weddings
CostHelper > Small Business  > Incorporating a Business

Incorporating a Business Cost


How Much Does Incorporating a Business Cost?

 
low costLow: $100-$200average costMedium: $1000-$2,000high costHigh: $3,000+
post Post    

With some research on the Secretary of State website for your state, and maybe a legal help book, you can incorporate your company on your own, paying only state filing fees. State filing fees vary by state typically range between $100 - $200. In California, various filing fees to the Secretary of State and Department of Corporations are approximately $165.

Typical costs:

  • Internet companies like mycorporation.com[1] provide incorporation services for$50-$150 + state filing fees. These services can automate the incorporation process, but often don't explain all the terms or don't customize the incorporation for your business.
  • A small law firm, like a solo practitioner specializing in small businesses, may charge approximately $100 - $300 per hour, totaling around $1,000-$2,000 + state filing fees for a basic incorporation. Many lawyers will require a "retainer" -- payment beforehand.
  • Large law firms may charge approximately $100 to $450 per hour, totaling $3,000 or more + state filing fees.
  • Tip: If you're using a small or even a large law firm, try to negotiate a flat fee or fee cap -- so you know total costs from the start.
Related articles: Setting up an LLC, Accountant, Business Sale Attorney

What should be included:
  • Initial consultation on how you're forming the business (e.g., corporation, Limited Liability Corporation, partnership, etc.).
  • Drafting the state and local documents, including the Articles of Incorporation, Bylaws, Election of Directors, Initial Resolution of Directors, and Share Certificate.
  • Other documents required by the Secretary of State that vary state-by-state (e.g., securities exemptions forms, information about the corporation's officers)
Additional costs:
  • More complex incorporations can require additional documents, like a Contribution Agreement, Shareholders Agreement and Founders Restricted Stock Purchase Agreement which can take an additional 5-10 billable hours each.
Discounts:
  • If you use a law firm and think you'll have a substantial amount of work in the future, try to negotiate a discounted rate.
post Post    
CostHelper News


10 Quick and Inexpensive Home Makeover Projects To Do While At Home
You may not be able to host the large family gathering for the holidays, but there are still many ways to pick up items curbside to spruce up your indoor space for your everyday enjoyment and to bring a more festive spirit. || Posted December 30 2020


7 Lesser-Known Discounts for the 50+ Crowd
As they age, members of the Baby Boomer generation don't like to admit that they're senior citizens, but they love getting discounts. It's kind of a quandary, because some of the best deals available are reduced prices for older folks. || Posted October 21 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With Incorporating a Business
 
Subject:  *
Amount Spent:  *
Firm : Additional Services: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.mycorporation.com/business-formations/incorporate.jsp
More Small Business Topics
Check Out All Costs for Small Business How Much Does a Motivational or Keynote Speaker Cost? How Much Does Payroll Service Cost? How Much Does a Point of Sale System Cost?

Search Thousands of Topics on CostHelper.com

 
Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Small Project for Aboveground Pool
Paid: 200.00
We asked our normal gardener who charges $40 a visit to level a small rectangle of our backyard (30'x15') for an aboveground pool.We asked for an estimate, and at first they said $450, and we asked for what? We don't need sod... [more]
-Needed leveling for a pool
Land Grading Cost
Whoa! Too much.
Paid: 812.02
Ridiculous. W.O. insurance : $2,822.06 With Insurance: $812.02Sounds like double billing insurance fraud... [more]
-Heartfailure121
Blood Tests Cost
Extraction & bone graft
Paid: 986.00
Had an almost 10 year old crown that formed an abscess. Chose to have extracted with bone graft to eventually get an implant. Original quote $1,760 but he took pity on an ER nurse with no dental insurance and discounted to $986... [more]
-ErikainYuma
Dental Bone Graft Cost
Shingles Vaccine Joke
Paid: 190.00
Medicare doesn't cover it. Blue Shield supplement doesn't cover it. Humana prescription supplement doesn't cover it. Cheapest is WalMart local pharmacy for 190. I don't know if I'll shell out that much... [more]
-Beahah
Shingles Vaccine Cost
Molar extraction and bone Graft
Paid: 1724.00
Modern Dental Care in Vegas charged me 1724 for Extraction and bone graft... [more]
-Fereshteh
Dental Bone Graft Cost
Soft washing decking and roofs
Paid: 0.00
My first year soft washing houses in the Philadelphia area. My prices are questionable and I want to get it right. Currently I’m charging 15 per foot for a house wash (20 if it’s stucco) 30 per foot for a roof wash... [more]
-John Francis
Cleaning a Deck Cost