How Much Does an LLC Cost in West Virginia? (2024 Filing Fees)

Starting a Limited Liability Company (LLC) in West Virginia comes with specific costs, including a $100 filing fee for the Articles of Organization, a $30 business license fee, and a $25 annual report fee.

But there’s more.

You’ll also need to consider potential expenses like registered agent services, choosing an LLC name, filing for a DBA, and complying with local licenses or taxes.

Keep reading if you’re ready to examine the cost breakdown and what to expect during the setup process!

How Much Does an LLC Cost in West Virginia?

Starting an LLC in West Virginia involves several costs. Here’s a breakdown of what you can expect:

• Filing Fee: $100 for the Articles of Organization. This is a one-time fee paid to the Secretary of State.
• Business License: $30 for a Business Registration Certificate. This is required to operate your business in the state.
• Annual Report: $25 to submit by mail or $26 online. This report keeps your LLC in good standing.
• Registered Agent Fees: Typically range from $100 to $300 per year. A registered agent is necessary to receive legal documents.
• LLC Name Reservation: $15 if you reserve your LLC name before filing. This is optional.
• Certificate of Good Standing: This document costs no fee and proves that your LLC complies with state requirements.
• DBA (Doing Business As): If you want to operate under a different name, there’s usually a fee of around $25.
• Additional Licenses and Permits: LLCs must register for a Business Registration Certificate with the West Virginia State Tax Department. This registration costs $30—and a separate certificate is required for each location your business opens.
• Taxes: Be aware of potential state and local taxes applicable to your business activities.

LLC Costs in West Virginia (Formation Fees)

Here’s a table outlining the main requirements and associated fees for forming an LLC in West Virginia.

West Virginia LLC Requirements	Cost
LLC Business Name Search	$0
Articles of Organization	$100
Operating Agreement (optional)	$0 (with Northwest)
EIN Number	$0 (free from IRS)
Annual Report	$25/annually
LLC Name Reservation Fee (optional)	$15
West Virginia Certificate of Good Standing (optional)	$0
Foreign LLC Registration (optional)	$150
Fictitious Name (DBA) (optional)	$25
Taxes	Varies
Business Registration Certificate	$30
Registered Agent Services (optional)	$0-$125 (Northwest)
LLC Formation Services (optional)	$39
Total LLC Costs in West Virginia	$125 – $509

Total LLC costs in West Virginia range from $125 to $509. If you do everything yourself and skip the optional extras, you might only spend around $125. However, if you decide to pay for additional services and requirements, your costs could go up to between $400 and $509.

The first mandatory expense is the $100 fee for filing the Articles of Organization, which is essential for officially establishing your LLC. Additionally, you will need to budget for the annual report, which costs $25 yearly, and the business registration certificate, which is $30.

Now, let’s discuss the optional costs.

Conducting an LLC business name search comes at no cost, and obtaining an Employer Identification Number (EIN) is also free from the IRS. An Operating Agreement is recommended but can be obtained at no cost using services like Northwest.

If you want to reserve your West Virginia LLC name, that will typically cost $15.

You may also want a free West Virginia Certificate of Good Standing. If you plan to register a foreign LLC in West Virginia, you’ll incur a fee of $150. If you wish to operate under a different name (DBA), that costs $25.

Regarding registered agent services, you can either act as your agent at no cost or hire a professional service, which typically ranges from $100 to $300.

West Virginia LLC Business Name Search Cost ($0)

Searching for a business name in West Virginia is free. You won’t pay any fees for this process, which is a great way to start your LLC journey.

You can search for a business name through the West Virginia Secretary of State website. This search helps you check if your desired name has already been taken. It ensures your name meets state requirements.

This step is essential before you file your Articles of Organization. If your name is already in use, you must consider another one. This way, you avoid delays and extra costs.

West Virginia Articles of Organization ($100)

You must file the Articles of Organization to start your LLC in West Virginia. This document officially creates your limited liability company in the state.

Filing this document costs $100. You pay this fee to the West Virginia Secretary of State when you submit your Articles. This fee is a one-time payment, making it straightforward to budget for.

Once you submit your paperwork, the West Virginia LLC processing time varies by filing method. Forming an LLC takes 5-10 business days for online filing and 3-4 weeks for mail filing.

If you’re a veteran, the filing fee may be waived. This helps to support those who have served in the military and are starting their businesses.

LLC Operating Agreement Cost in West Virginia ($0 with Northwest)

Creating an LLC in West Virginia can involve various costs, but one thing you might find helpful is that forming an Operating Agreement can be done at no cost through services like Northwest Registered Agent.

An Operating Agreement is not required by state law, but it is a crucial document that outlines your LLC’s management structure and operating procedures. It helps clarify roles and protects your limited liability status.

If you choose Northwest, they offer free templates and resources to help you draft this agreement.

Here’s what you may consider about the Operating Agreement:

• Why It’s Important: This document prevents misunderstandings among members and serves as evidence of the LLC’s structure.
• Cost Potential: While many services are charged, Northwest allows you to draft your agreement without fees.

Registered Agent Fee ($0-$300/year)

When starting your LLC in West Virginia, you may need a registered agent. This agent is your business’s official contact for legal documents.

If you choose to act as your registered agent, there is no fee. You simply need to provide your name and address for the registration. This can be a cost-effective option if you are comfortable managing these responsibilities.

Hiring a professional West Virginia registered agent service typically costs between $100 and $300 per year. These services can help protect your privacy and ensure you receive important documents on time.

For example, LegalZoom charges around $249 annually, while ZenBusiness offers services for $199 annually.

Northwest Registered Agent has a competitive offer. They provide free services for the first year if you hire them to help form your LLC. After the first year, their fee is just $125 annually, which is lower than many other services.

EIN Cost in West Virginia ($0 from the IRS website)

When you start an LLC in West Virginia, you may need an Employer Identification Number (EIN). The good news is that obtaining an EIN from the IRS is free.

Having an EIN is important for various reasons. It helps you open a business bank account, hire employees, and handle taxes.

Since applying is free, it’s a simple step that can save you time and money in managing your LLC. Be sure to keep your EIN safe, as it will be used for important business activities.

West Virginia Annual Report ($25/annually)

Every limited liability company (LLC) must file an annual report in West Virginia. This filing is mandatory and helps keep your business active and compliant.

The annual report fee is $25 and is due each year by June 30. Pay attention to this deadline. Late filings can result in a $75 late fee if you miss it.

You can submit your report online through the West Virginia Secretary of State’s website. Filing online is quick and convenient. You must provide basic information about your LLC, like its name and address.

If you just started your LLC, your first annual report isn’t due until the following year. This gives you some extra time to get familiar with your new business.

LLC Name Reservation Fee in West Virginia ($15)

If you want to secure a name for your LLC in West Virginia, you can do this without immediately registering the LLC. The name reservation costs $15.

This fee allows you to hold your desired LLC name for 120 days. During that time, no one else could register an LLC with that name.

You may reserve a name if you need more time to prepare your LLC filing. It gives you peace of mind while you work on your business plans.

To reserve an LLC name, you can complete the process online. This makes it easy and convenient for you.

Fictitious Name/DBA Cost in West Virginia ($25)

If you want to operate your business under a name other than your legal name, you must file a Doing Business As (DBA), also known as a fictitious name. In West Virginia, the cost to file a DBA is $25.

Once you file for a DBA, it does not expire or require renewal like in other states. This means it’s effective until you decide to change it or close your business.

Keep in mind that certain words are restricted in West Virginia trade names. You can’t include words that suggest an association with government agencies or imply investment opportunities.

West Virginia Certificate of Good Standing ($0)

A Certificate of Good Standing is an important document for your LLC in West Virginia. This certificate shows that your business is legally registered and complies with state regulations.

You can obtain a Certificate of Good Standing at no cost. This is a significant benefit, especially for new business owners. It confirms that your LLC is authorized to operate and has filed all necessary paperwork.

You typically need to contact the West Virginia Secretary of State’s office to request this certificate. The process can usually be done online or by mail, and you’ll need to provide details like your LLC name and registration number.

West Virginia Foreign LLC Registration Fee ($150)

To register a foreign LLC in West Virginia, you must pay a $150 fee. This fee is for filing a document called the Certificate of Authority.

Filing the Certificate of Authority allows your out-of-state LLC to operate in West Virginia. You must submit an Application for Certificate of Authority, Form LLF-1.

It’s important to remember that fees can change, so it’s smart to check the latest fee schedule on the website of the West Virginia Secretary of State. Using the most updated information helps you avoid surprises.

In addition to the registration fee, you should consider ongoing costs for annual compliance. These may include annual report filing fees and any necessary business licenses, which can vary.

West Virginia Business Registration Certificate ($30)

You must get a Business Registration Certificate when you form an LLC in West Virginia. The West Virginia State Tax Department requires this registration, which costs $30.

It’s important to remember that if your business has multiple locations, you will need a separate certificate for each one. This ensures that all your business activities are properly registered.

You have two options for submitting your application. Mail a BUS-APP form or file it online through the West Virginia One Stop Business Portal. Online filing is usually quicker and more convenient.

West Virginia LLC Taxes (varies)

As a West Virginia LLC owner, you will encounter several types of taxes, and the total cost can vary significantly.

Here are some key taxes you may need to consider:

• Federal Income Tax: Based on your income and your LLC’s income.
• State Income Tax: Ranges from 3% to 6.5% depending on your taxable income.
• Local Income Tax: Evaluate if your municipality imposes local taxes.
• Sales and Use Tax: Applicable if you sell products or services.
• Payroll Tax: Necessary if you have employees.
• Property Tax: If your LLC owns real estate.

West Virginia LLCs are typically treated as pass-through entities, meaning the LLC doesn’t pay federal taxes. Instead, any profits are reported on your tax return. In addition to that, you’ll be responsible for paying self-employment tax, which is set at 15.3% of your business income.

West Virginia LLC reinstatement fee ($25)

If your LLC in West Virginia has been revoked or administratively dissolved, you can reinstate it by paying a fee. The basic reinstatement fee is $25.

You will also face additional costs. For instance, if fees were assessed while your LLC was inactive, you might also need to pay those.

To fully reinstate, you must apply along with the fees mentioned. The total might go up if there are late fees or if you need expedited service.

West Virginia LLC dissolution fee ($25)

If you decide to dissolve your LLC in West Virginia, there is a fee of $25 for filing the necessary documents. This fee is for submitting the West Virginia LLC Articles of Termination.

You have two options for filing. You can do it online, which is a quick way to complete the process, or you can file the form by mail, email, fax, or in person.

Please ensure that you have all the required information ready. This includes your LLC’s details and the reason for dissolution. Failing to provide the correct information may delay the process.

West Virginia LLC Change of Registered Agent fee ($15)

Changing your registered agent in West Virginia is a straightforward process. It costs $15 to file the necessary paperwork. This fee is payable to the West Virginia Secretary of State.

You can submit your Application to Appoint or Change Process, Officers, and/or Addresses in multiple ways. Options include fax, mail, or in-person.

Selecting a registered agent service may simplify your filing. They can help prepare documents and ensure everything is completed correctly.

What is the Cheapest Way to Start a West Virginia LLC?

Starting an LLC in West Virginia can be done in a few ways. You can do it online, use a filing service, or hire an attorney.

The cheapest method is to file the Articles of Organization yourself through the website of the West Virginia Secretary of State. The filing fee is $100, and it is a one-time cost. You save money that you would otherwise spend on additional services by doing it yourself.

A filing service like Northwest can cost you around $29 plus the state fees. While this is still affordable, it is more expensive than the DIY option. Hiring an attorney can get pricey, often exceeding several hundred dollars.

When filing, you simply complete the online form and pay the fee. This gives you full control over the process. However, it requires attention to detail to ensure accuracy. Mistakes could lead to delays or rejections.

The downside of the DIY approach is the time and effort involved.

If you’re unsure about any step, it might feel overwhelming. Additionally, you won’t have professional guidance, which can be beneficial, especially for newcomers.

Still, filing alone is the best choice to keep costs low. It allows you to set up your LLC without spending extra money while ensuring your business is official and recognized in West Virginia.

Should You Use an LLC Formation Service in West Virginia?

Using an LLC formation service in West Virginia can offer you various benefits.

One key advantage is the peace of mind that comes with having experts handle your paperwork. This can be especially helpful if you’re unsure about the legal requirements or the filing forms.

Services like Northwest Registered Agent focus on privacy. When you use such a service, your personal information is kept private. This keeps your home address off public records, enhancing your security.

Staying compliant can be a headache, but these services help avoid problems. They often remind you about important deadlines, ensuring you don’t miss filing dates. This service can be invaluable for busy entrepreneurs.

These services give you free access to LLC formation experts and attorneys. This means you can seek guidance when needed. This support can be worth the extra cost because it saves you time and potential legal issues.

Frequently Asked Questions

What are the benefits of an LLC in West Virginia?

An LLC offers personal liability protection, meaning your personal assets are separate from your business liabilities. LLCs also provide flexibility in management and tax treatment options.

Do I need a business license for an LLC in West Virginia?

Yes, depending on your business activities, you may need a local business license in addition to forming your LLC. It’s essential to determine specific requirements with your local city or county.

How much does it cost to reinstate an LLC in West Virginia?

If your LLC has been administratively dissolved, the reinstatement fee is $25. You must also file the necessary paperwork to bring your LLC back into good standing.

Do I need an attorney to form an LLC in West Virginia?

Hiring an attorney is not a requirement, but it can be beneficial if you have complex business needs or questions. Many people use online services or do it themselves to save money.

How much does it cost to dissolve an LLC in West Virginia?

Dissolving an LLC in West Virginia costs $25. This fee is required when filing the Articles of Termination with the West Virginia Secretary of State.

Should I hire an LLC formation service in West Virginia?

An LLC formation service can simplify the process and ensure you meet all legal requirements. These services often help with paperwork and can offer additional options to maintain compliance.

Are there penalties for paying my fees late in West Virginia?

Yes, there are penalties for late payments. If you fail to pay your annual fees or file your reports on time, your LLC may face fines or possible administrative dissolution.

What happens if I do not file my West Virginia LLC annual report?

If you do not file your annual report, your LLC can be considered inactive or may face penalties. Continuous failure to file can lead to administrative dissolution of your business entity.