Kicking You When You're Down
So here I am, setting up an LLC for myself, so that I can safely conduct contract business. I went to LegalZoom, which seems like a pretty reasonable solution. However, here in Maryland, the state decided that it would be just swell to layer on extra fees - at rates that make no sense:
- $192 Filing Fee
- $149 Registered Agent Fee
- $79 to get a tax id
Do they employ garden gnomes to file small pieces of paper, or what?
Technorati Tags: stupidity
Comments
Re: Kicking You When You're Down
[Bruce Hobbs] October 27, 2010 19:16:23.066
Sounds like something right out of "Why Chuck Can't Get His Business Off the Ground" <[link 1]Just imagine if you lived in Milwaukee or Miami. :-(
[1 http://www.ij.org/about/3554>. ]
Re: Kicking You When You're Down
[anonymous] October 28, 2010 20:55:28.792
James, most web startups (and many Fortune 500 companies) incorporate in Delaware regardless of where they do business for two reasons: 1) Delaware has business friendly laws (it's usually cheaper) and 2) those laws are well-tested in court and understood by business and tax attorneys throughout the country. Maryland will probably still impose some fee on you regardless, but consider using Delaware anyway; most startups in the Valley did.