LLC Cost in Nebraska – How Much to Pay for an LLC

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Perhaps you are hoping to form a Nebraska LLC. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Nebraska.

Nebraska LLC Cost of Filing

Here are the costs involved in forming an LLC in Nebraska.

Cost of Filing Formation Certificates

The Nebraska Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Nebraska Secretary of State

Nebraska Domestic LLC

  • Online Filing costs $100.
  • Biennial Report filing costs $26
  • Name Reservation fee costs $30
  • By Mail: Fill out the Application Form PDF and submit it to the following address: Robert B. Evnen, Secretary of State, P.O. Box 94608, Lincoln, NE 68509 costs $110

Nebraska Foreign LLC

  • Online Filing costs $100.
  • Biennial Report filing costs $52
  • Name Reservation fee costs $30
  • By Mail: Fill out the application form, and send it to Robert B. Evnen, Secretary of State, P.O. Box 94608, Lincoln, NE 68509. Costs $110.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Nebraska LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Nebraska, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

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Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Nebraska Department of Revenue for regulatory boards or agencies requiring licensing. 

Taxes payable to the Nebraska Department of Revenue

For incorporating and registering an LLC in Nebraska, one has to pay taxes to both: State & Federal Government. Some of the important business taxes are enlisted below.

The Nebraska Department of Revenue levies two types of taxes on LLC:

State Income Tax

As the LLC owner, you have to pay state tax on any amount you earn via your LLC. All the earnings drawn by you are taxed through your personal tax return. The usual income tax rate in Nebraska ranges from 2.46% to 6.84%, depending on the amount you earn via your LLC.  

State Sales & Use Tax 

Any seller of tangible goods such as cars, electronics, etc. & any service provider company has to collect taxes at the time of the purchase and then has to pay those to the Nebraska Department of Revenue. The state sales & use tax rate on LLC in Nebraska is 5.5%.

Federal Self-Employment Tax

The Federal Self Employment Tax is often called Social Security or Medicare tax, is paid by all the LLC Business members or managers. The self-employment tax caters to the well-being of the members of the company. The Federal self-employment tax rate in Nebraska is 15.3 percent. 

Federal Income Tax

The rate of the Federal Income Tax is calculated after carefully observing: your earnings, the income tax bracket your LLC falls, the deductions, & the manner/ mode of filing. Federal Income Tax is paid on all the profits your LLC makes in a year. 

Employee & Employer Taxes

LLCs that have appointed a number of employees have to pay Employee  & Employer Taxes too. The tax rate is calculated on the basis of the amount they earn, the number of employees, etc.

Cost Comparison Between States

Nebraska is surrounded by many states, namely Iowa, South Dakota, Missouri, Kansas, etc. Each of these states has a different rate of taxes levied on LLCs. Let us take a look at this comparative chart.

StatesFiling FeeAnnual/Biennial FeeSales Tax
Nebraska$125None5.5%
Iowa $50None0.36 to 8.98%
South Dakota$150$504.5%
Missouri $105None6.25
Kansas$165None6.5%

Based on the kind of industry you LLC operated in, your LLC will be liable to some other taxes & duties. You should seek regional help to verify the tax rates or business costs of registering an LLC in Nebraska.

Other Costs

How Much Does It Cost to Maintain an LLC in Nebraska

There are several different factors to consider when determining how much it will cost to maintain an LLC in Nebraska. You must choose a name for your business that is available in the state. A good way to check if your chosen name is available is to use a business database that is maintained by the state. In addition, you must pay the filing fee of $100. A business name that has been used before must be registered with the SOS.

Once your business is registered in Nebraska, you must file a notice of organization with the state. The purpose of this document is to inform the public about your business. In order to do this, you must publish a notice in a newspaper of general circulation in the county where your primary office is located. In the document, you must indicate the official name of your business, the address of your designated office, and the nature of your business.

In Nebraska, LLCs must file a biennial report with the Secretary of State every two years. This filing fee is $10. Once you file your first filing, you must post an advertisement in a local newspaper for three consecutive weeks. Once you have completed your registration, you must file a copy of the notice with the state. This is a very important step in forming an LLC in Nebraska.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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