Starting a business in the United States might seem expensive, especially for those outside the country or without much capital. But the truth is, forming a Limited Liability Company (LLC) in the USA with little to no money is possible—with the right knowledge and tools.
💡 Can You Really Start an LLC for Free?
Let’s be clear: You can’t form an LLC completely for free, but there are ways to minimize costs, especially if you’re willing to handle the paperwork yourself. Here’s what you need to know:
📝 Minimum Costs Required to Start an LLC
While you can’t avoid all fees, here are the essential minimum costs:
- State Filing Fee: This is the only mandatory cost. It varies by state—from as low as $35 in Kentucky to $500 in Massachusetts. See this official state fee list for more details.
- Registered Agent: Required by law. You can act as your own agent in most states (if you live in the U.S.), which eliminates this fee. Otherwise, agents typically charge $50–$150/year.
- EIN (Employer Identification Number): Free from the IRS. Apply here: irs.gov/EIN
That’s it! No need to pay expensive services or lawyers if you’re willing to DIY.
🚀 How to Start an LLC With Almost No Money
Here’s a simple step-by-step guide:
- Choose a Low-Cost State: Consider states with low or no annual fees like Wyoming or Delaware.
- Apply for an EIN for Free: Use the IRS EIN Assistant
- Use Free Templates: Find free Operating Agreement templates and LLC formation forms online.
- Act as Your Own Registered Agent (if you live in the U.S.).
- Avoid Paid LLC Services: File directly with your Secretary of State online.
✅ Best States to Form a Low-Cost LLC
- Wyoming: $100 filing fee, no business license requirement, low annual fees.
- Delaware: Popular for privacy and startups, though slightly higher fees.
- New Mexico: Offers anonymity and low startup cost.
🔍 Do You Need a Business Bank Account?
Yes—especially if you plan to separate your personal and business finances. While U.S. residents can open one easily, foreign entrepreneurs may need a U.S. address or to work with services like:
- Mercury Bank (ideal for international founders): mercury.com
- Relay Financial: bankwithrelay.com
🧠 Final Thoughts
You don’t need to be rich to start your business dream. You just need the right information. Starting an LLC for close to free is realistic if:
- You choose the right state,
- Avoid unnecessary services,
- And do the paperwork yourself.
📩 Want a personalized checklist, guide, or help choosing the cheapest option? Let me know—I’ll create a free step-by-step PDF for your unique situation.