LLC Cost in West Virginia – How Much to Pay for an LLC


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Perhaps you are hoping to form an LLC in West Virginia. 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 West Virginia.

West Virginia LLC Cost of Filing

Here are the costs involved in forming an LLC in West Virginia.

Cost of Filing Formation Certificates

The West Virginia 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 West Virginia Secretary of State

West Virginia Domestic LLC

  • Online Filing costs $100. 
  • Annual Report filing costs $25
  • Name Reservation fee costs $15
  • By Mail: Fill out the application form, and send it to any of the following addresses:
    • Charleston Office One-Stop Business Center 1615 Washington St. E. Charleston, WV 25311.
    • Clarksburg Office North Central WV Business Center 200 W. Main St. Clarksburg, WV 26301.
    • Martinsburg Office Eastern Panhandle Business Center 229 E. Martin St. Martinsburg, WV 25401.
      • Costs $100.

West Virginia Foreign LLC

  • Online Filing costs $150.
  • Annual Report filing costs $25
  • Name Reservation fee costs $25
  • By Mail: Fill out the application form, and send it to any of the following addresses:
    • Charleston Office One-Stop Business Center 1615 Washington St. E. Charleston, WV 25311.
    • Clarksburg Office North Central WV Business Center 200 W. Main St. Clarksburg, WV 26301.
    • Martinsburg Office Eastern Panhandle Business Center 229 E. Martin St. Martinsburg, WV 25401
      • Costs $150.

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.

West Virginia LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in West Virginia, 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.

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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 West Virginia Department of Revenue for regulatory boards or agencies requiring licensing. 

Taxes payable to the West Virginia Department of Revenue

To register an LLC in West Virginia, an LLC must pay several taxes to the federal and West Virginia governments. Let’s take a  look at some of the main taxes that are to be paid by LLCs in West Virginia. An LLC in the state of West Virginia pays two types of taxes to the West Virginia State Department of Revenue:

State Income Tax

While representing your LLC in West Virginia, you pay yourself. These earnings are reflected in your personal Tax return & can be calculated at the time of paying the Income Tax. 

The Standard West Virginia State Tax rate ranging from 3%  to  6.5% applies to your earnings. You can claim all the standard allowances & deductions upon filing the tax return.

State Sales & Use Tax 

The state of West Virginia levies Sales & use tax on tangible goods & services provided by an LLC. The State Sales & Use tax rate in West Virginia is 6%.

Federal Self-Employment Tax

All the members who run the LLC are self-employed members; because they pay themselves through the LLC. Federal Self Employment Tax, also known as Social Security or Medicare tax, is paid by all such members or managers. The Federal self-employment tax rate in West Virginia is 15.3 percent. 

Federal Income Tax

If you are in the state of West Virginia, you must pay Federal Income Tax, in addition to the State Income Tax. The amount of the Federal Income Tax depends upon your earnings, the income tax bracket your LLC falls, the deductions, & the manner/ mode of filing.

You pay Federal Income Tax on all the profits your LLC makes after calculating the deductions & allowances such as Healthcare or Retirement Plans.

Employee & Employer Taxes

An LLC that has several employees on payroll has to pay the Employee-Employer taxes. These taxes are calculated on the basis of various factors, e.g., the amount earned, number of employees, etc.

Cost Comparison between states

West Virginia is surrounded by many states, namely Kentucky, Virginia, Pennsylvania, Maryland, 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
West Virginia$100$256%
Pennsylvania$125None6%
Virginia$100$504.3%
Maryland$100$3006%
Kentucky$40$156%

Based on the kind of industry you LLC operated in, your LLC will be liable to some other taxes & duties. For Example, if your LLC is in the sector of import & export, you have to pay the import-export duty. You should consult with a professional to verify the tax rates or business costs of registering an LLC in West Virginia.

Other Costs

How Much Does It Cost to Maintain an LLC in West Virginia

To maintain an LLC in West Virginia you will need to pay an annual fee of $25 along with state income tax at 3% to 6.5%, sales & use tax at 6%, and federal taxes.

Creating a limited liability company (LLC) in West Virginia can be a financially smart move. The cost of creating an LLC in West Virginia can vary depending on the type of business and how many employees the business has. Many LLCs hire registered agents and pay yearly service fees. These services include filing annual reports, notifying the state of important documents and keeping a record of the business’s address and tax ID number.

In order to create a LLC in West Virginia, you will need to pay a filing fee. This fee is $100. Depending on the type of business you are starting, you may also need to pay other fees. These fees can vary depending on the type of business, your industry, and where you are located. Depending on your industry, you may also need to register for additional business licenses or permits. Some of these costs are optional, while others are mandatory. If you have questions about what costs are required for your business, you may want to contact a professional to help you determine which fees you need to pay.

You will also need to file an annual report with the West Virginia Secretary of State. Each business in the state is required to file an annual report, which keeps the Secretary of State aware of your business. The annual report will cost $25 to submit. If you fail to submit the report, you will face a $50 late fee. If you are not sure whether or not you need to file an annual report, you can visit the West Virginia Secretary of State’s website to find out.

Depending on your business, you may also need to register for additional taxes. For example, if you have employees, you may need to register for unemployment insurance tax and Employee-Employer taxes. These taxes are calculated based on how many employees you have and how much you earn.

If you are planning to operate your business in West Virginia, you will also need to register for an EIN. You can do this by registering with the state of West Virginia. You can also register with your municipality, if you are located in a town. You can also register with a business formation company for an affordable price. This is usually done to help keep track of your company’s filings and to ensure that your business is protected.

You may also want to purchase a web domain name for your business. A web domain is important because it helps your business stand out among the crowd. A web domain name is usually available for purchase for $30 to $40 per month. If you don’t want to buy a domain name, you can opt to use an existing domain name.

You may also want to purchase business insurance. Business insurance costs vary depending on the coverage, the type of insurance, and the amount of coverage you need. A registered agent will be able to help you with any insurance costs.

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.

In Conclusion

The cost of West Virginia is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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