How much it cost to start a corporation?

Starting a corporation is an exciting step toward building your business, but many entrepreneurs wonder about the costs involved. The expenses can vary depending on your state, the type of corporation you choose, and any additional services you require. Generally, forming a corporation includes state filing fees, which typically range from $50 to $500. You may also need to budget for legal or professional assistance, such as hiring an attorney or using an incorporation service, which can cost a few hundred dollars more. Other potential costs include obtaining an Employer Identification Number (EIN), drafting corporate bylaws, and maintaining ongoing compliance with state requirements.

If you plan to start your S-corporation, there may be additional considerations, such as submitting Form 2553 to the IRS and adhering to specific shareholder and tax rules. While these steps might seem daunting, they help ensure your corporation operates smoothly and enjoys the tax benefits of S-corporation status.

At Corpquick, we simplify the process of starting your S-corporation by guiding you through all the necessary steps, helping with filings, and keeping costs transparent. With our support, you can focus on growing your business while we handle the paperwork efficiently and affordably.