"Affordable LLC Formation: 10 States Where You Can Establish Your Business for Under $100"

Starting a Business is a significant step towards building financial independence and growth. For aspiring business owners, particularly those with poor personal credit, finding cost-effective ways to form a business is crucial.

At Clearway University, we specialize in teaching you how to secure business funding through strong business setups and business scores, without relying on personal credit.

Here are the top ten states where you can form a business for under $100, helping you take that first step towards entrepreneurship.

Mississippi

• Cost To Form an LLC: $50

• Annual Report Fee: $0

• Benefits: Mississippi offers one of the lowest formation fees in the country and does not charge for annual reports. This makes it a highly affordable option for new businesses.

Oklahoma

• Cost to Form an LLC: $50

• Annual Report Fee: $25

• Benefits: Oklahoma's low formation and ongoing cost, combined with a straightforward filing process, make it an excellent choice for new entrepreneurs.

Oregon

• Cost to Form an LLC: $50

• Annual Report Fee: $100

• Benefits: Despite the slightly higher annual fee, Oregon remains a cost-effective state for business formation due to its low initial filing fee.

Michigan

• Cost to Form an LLC: $50

• Annual Report Fee: $25

• Benefits: Michigan is attractive for its low taxes and minimal ongoing cost, providing a business-friendly environments for new LLCs.

Colorado

• Cost to Form an LLC: $40

• Annual Report Fee: $15

• Benefits: Colorado's low fees and the option to file reports online make it a hassle-free state for business formation.

Kentucky

• Cost to Form an LLC: $40

• Annual Report Fee: $15

• Benefits: Kentucky offers the lowest formation fee in the country, making it an exceptionally affordable choice for new business owners.

Arkansas

• Cost to Form an LLC: $50

• Annual Report Fee: $150

• Benefits: While the annual report fee is higher, Arkansas's low initial fling fee can help new businesses manage startup costs more effectively.

New Mexico

• Cost to Form an LLC: $50

• Annual Report Fee: $0

• Benefits: New Mexico stands out for its privacy protection and zero-dollar annual report fee, offering both cost savings and confidentiality.

Alabama

• Cost to Form an LLC: $75

• Annual Report Fee: $50

• Benefits: Alabama's moderate fees and supportive business environment make it a viable option for those starting gout on a budget.

Montana

• Cost to Form an LLC: $70

• Annual Report Fee: $20

• Benefits: Montana provides low formation and ongoing costs, c oupled with a favorable tax climate for new businesses.

Boss-friends Choosing the right state to form your business can significantly impact your startup costs and ongoing expenses. Checkout these 10 states offer some of the most affordable options for forming an LLC, allowing you to invest more in growing your business and less in administrative cost. At Clearway University, we're always out to help you navigate the complexities of business formation and credit building, setting you on the path to financial success without relying on your personal credit score.

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