 Virginia |  Florida | |
|---|---|---|
| All-in to start with usOur $40 fee with the EIN, the registered agent for the first year, and the state fee. | $185 | $210 |
| State filing fee | $100 | $125 |
| Typical approval time | 1–3 business days | 2–5 business days |
| What the state asks each year | Annual registration $50 | Annual report $138.75 |
| Yearly state cost, about | $50 | $138.75 |
| 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. | $565 | $945 |
| State income tax on wages | Yes | None |
| Owners in the public formation document | Can be listed | Can be listed |
| Newspaper publication after formation | No | No |
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.
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).
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.
Virginia or Florida
Questions about this comparison
Is a Virginia or a Florida LLC cheaper?
Virginia is cheaper to form: $185 all-in with us, against $210. Each year after, Virginia costs the state about $50 and Florida about $138.75, plus $45 for the registered agent.
Which is faster, Virginia or Florida?
Virginia usually approves an LLC in 1–3 business days, Florida in 2–5 business days. We file within 48 hours of payment in either state.
Can a non-US resident form an LLC in Virginia or Florida?
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