 Florida |  Virginia | |
|---|---|---|
| All-in to start with usOur $40 fee with the EIN, the registered agent for the first year, and the state fee. | $210 | $185 |
| State filing fee | $125 | $100 |
| Typical approval time | 2–5 business days | 1–3 business days |
| What the state asks each year | Annual report $138.75 | Annual registration $50 |
| Yearly state cost, about | $138.75 | $50 |
| Total over 5 years, aboutFormation, then four years of registered agent ($45) and state fees. Excludes bookkeeping and IRS filings, which are the same in every state. | $945 | $565 |
| State income tax on wages | None | Yes |
| Owners in the public formation document | Can be listed | Can be listed |
| Newspaper publication after formation | No | No |
Florida against Virginia
Advantages
- No state income tax on wages.
- A large, well-known state with a big international banking scene.
Disadvantages
- Costs $25 more to form than Virginia.
- About $88.75 a year more to keep than Virginia (annual report $138.75).
Virginia against Florida
Advantages
- Cheaper to form: $100 state fee against $125 in Florida.
- Cheaper to keep: about $50 a year to the state, against $138.75 in Florida.
Disadvantages
- Has a state income tax, though it normally only reaches income connected to the state.
Which one to choose
For the lowest cost over time, Virginia: about $380 less over five years.
If your company will have staff, an office or a warehouse in one particular state, form it there: otherwise you register in that state anyway. Federal taxes and IRS filings are the same in every state.
General information about the states, not legal or tax advice. State fees change occasionally; the price at checkout is the price you pay.
Florida or Virginia
Questions about this comparison
Is a Florida or a Virginia LLC cheaper?
Virginia is cheaper to form: $185 all-in with us, against $210. Each year after, Florida costs the state about $138.75 and Virginia about $50, plus $45 for the registered agent.
Which is faster, Florida or Virginia?
Florida usually approves an LLC in 2–5 business days, Virginia in 1–3 business days. We file within 48 hours of payment in either state.
Can a non-US resident form an LLC in Florida or Virginia?
Yes, in both. Neither state asks for citizenship or residency, and the registered agent we include provides the in-state address. The EIN is included without an SSN.
Another pair