Annual Business Structure Expectations Part 2 [Video]

Maintaining your entity: What you need to know about Filing Fees

In this episode of Coffee with Carl, attorney Carl Zoellner covers everything you need to know about maintaining your entity including filing fees.

Fee’d out of your funds? 

When it comes to these annual charges, they can really stack up. 

So, let’s cover a fun one (well, fun if you’re an accountant and derive a strange joy from mathematics). 

When you first set up your business entity, there’s your initial filing fee, which is the expense or the cost of what the state charges you to register that business entity. 

And then, on an ongoing period (usually annually), there’s a filing fee required to renew that entity and keep it active with the secretary of state. 

Usually, that renewal fee is a fraction of what the initial filing fee was. 

In general, when you set up a business entity, normally year one is the most expensive because the initial filing …