What are the ongoing, mandatory expenses associated with incorporating (LLC or S-Corp)?
This shouldn't include actual business expenses like equipment, transportation, office supplies, etc. or even tax preparation fees. I'm talking about fees that I am legally obligated to pay in order to maintain in good standing as a corporation. If I were to incorporate now, score a few contracts and then go an entire tax year with zero income, what expenses would I still need to pay? e.g. - registered agent fees for foreign corps, etc. With that zero income, would I necessarily even have to pay myself a salary, maintain a payroll?
Public Comments
- I would consider Payroll for yourself or anyone else business expenses just like the equipment you mentioned. The expenses you will have to pay to keep a Corp./LLC in good standing even if it doesn't get any contracts are: Secretary of State filling fees (in Louisiana its $25) You may need a registered agent ($309 for our firm), but not necessarily... you could just as easily be the registered agent. If you are the agent you will need a notary or lawyer yearly to stamp you report... even if the report says no changes.
