83 lines
3.4 KiB
Markdown
83 lines
3.4 KiB
Markdown
# Foreign LLC/Corp Qualification Fees by State
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One-time filing fees + annual requirements for foreign entity registration.
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Used by the new carrier wizard to estimate costs when forming in Wyoming.
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## Initial Filing Fees (One-Time)
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| State | Fee | State | Fee | State | Fee |
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|-------|-----|-------|-----|-------|-----|
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| AL | $150 | KY | $90 | ND | $135 |
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| AK | $350 | LA | $150 | OH | $99 |
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| AZ | $150 | ME | $250 | OK | $300 |
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| AR | $300 | MD | $100 | OR | $275 |
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| CA | $135 | MA | $500 | PA | $250 |
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| CO | $100 | MI | $50 | RI | $150 |
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| CT | $120 | MN | $205 | SC | $110 |
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| DE | $200 | MS | $250 | SD | $765 |
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| FL | $125 | MO | $50 | TN | $20 |
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| GA | $225 | MT | $70 | TX | $750 |
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| HI | $50 | NE | $120 | UT | $70 |
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| ID | $120 | NV | $75 | VT | $125 |
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| IL | $150 | NH | $100 | VA | $100 |
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| IN | $125 | NJ | $125 | WA | $200 |
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| IA | $100 | NM | $100 | DC | $220 |
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| KS | $165 | NY | $250 | WV | $150 |
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| | | NC | $250 | WI | $100 |
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| | | | | WY | $100 |
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**Average:** $186
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**Cheapest:** TN ($20), HI/MI/MO ($50)
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**Most expensive:** SD ($765), TX ($750), MA ($500)
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## Annual Requirements
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**States with NO annual report for foreign entities:**
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- Arizona
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- New Mexico
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**States with notable annual costs:**
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- California: $800/yr franchise tax (regardless of revenue) + $20 annual report
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- Texas: ~$0 (no franchise tax for <$2.47M revenue, public info report due May 15)
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- New York: Biennial report (every 2 years), $9
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- Delaware: $300/yr annual franchise tax for foreign entities
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- Massachusetts: $500 annual report
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**Most states:** $50-$200/yr annual report fee
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## Key Takeaways for the Wizard
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1. **Wyoming formation + foreign qual** total cost depends heavily on operating state:
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- WY ($50 formation) + CA foreign qual ($135 + $800/yr) = expensive ongoing
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- WY ($50) + TX foreign qual ($750 one-time, ~$0/yr) = expensive upfront, cheap ongoing
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- WY ($50) + FL foreign qual ($125 + ~$139/yr) = moderate
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- WY ($50) + most states ($100-200 + $50-200/yr) = reasonable
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2. **Don't recommend Wyoming for CA-based carriers** unless they understand the $800/yr CA franchise tax
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3. **Best states for WY foreign qual:** states with low filing fee AND low annual cost (TN, MO, HI, MI, UT, MT, NV)
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4. **Worst states for WY foreign qual:** CA ($800/yr), MA ($500), SD ($765 filing), TX ($750 filing)
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## Our Pricing
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- Foreign Qualification filing: $149 (our service fee)
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- Registered Agent per state: $99/yr
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- Total to carrier: $149 + state fee + $99/yr RA per state
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## Virtual Mailbox Requirement
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When forming out-of-state (e.g. Wyoming), the carrier needs a mailing address in the formation state for official correspondence. Options:
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- **NWRA RA service** — may include basic mail forwarding (check with CorpTools Monday)
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- **Virtual mailbox providers** (affiliate/reseller):
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- iPostal1 — affiliate program, ~$10-15/mo retail
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- Anytime Mailbox — affiliate program, ~$10-15/mo retail
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- Earth Class Mail — business-focused, ~$15-20/mo
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- **Bundle pricing:** $149/yr as add-on to RA service (our margin ~$50-80/yr)
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**We already have Anytime Mailbox** — need photo ID for USPS Form 1583 (notarized).
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Photo ID is already collected during DOT intake and stored in MinIO. Same ID can be reused for:
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- MCS-150 filing (FMCSA identity verification)
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- Anytime Mailbox setup (USPS 1583 notarization)
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- Any future identity verification needs
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**Monday:** Check if we can automate the Anytime Mailbox 1583 process using the photo ID already on file.
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