How much does it cost to start a new business as a sole proprietor, LLC, or corporation (in terms of legal fees)?

The cost of starting a business as a sole proprietor, LLC, or corporation varies depending on the type of legal entity you choose for your business.

If you choose to operate as a sole proprietor, you will not have to pay any fees to create your business. However, you will be personally responsible for all debts and liabilities incurred by your business. This means that if your business fails, your personal assets could be at risk.

If you choose to operate as an LLC, you will need to file articles of organization with your state and pay a filing fee. The fees vary from state to state, but they are typically between $100 and $500. You will also be required to pay an annual fee to maintain your LLC status. Again, the amount of this fee varies from state to state, but it is usually between $50 and $200.

If you choose to operate as a corporation, you will need to file articles of incorporation with your state and pay a filing fee. The fees vary from state to state, but they are typically between $100 and $500. You will also be required to pay an annual fee to maintain your corporate status. Again, the amount of this fee varies from state to state, but it is usually between $50 and $200.