LLC Cost in West Virginia – How Much to Pay for an LLC


Save time & be confident while starting your company. Use best professional help -
#1 TOP PICK
 ZenBusiness - ($0 + State Fees) Online LLC Setup

At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.
west_virginia_state_seal

Perhaps you are hoping to form an LLC in West Virginia. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in West Virginia.

West Virginia LLC Cost of Filing

Here are the costs involved in forming an LLC in West Virginia.

Cost of Filing Formation Certificates

The West Virginia Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the West Virginia Secretary of State.

West Virginia Domestic LLC

  • Online Filing costs $100.
  • Annual Report filing costs $25
  • Name Reservation fee costs $15
  • By Mail: Fill out the application form, and send it to any of the following addresses:
    • Charleston Office One-Stop Business Center 1615 Washington St. E. Charleston, WV 25311.
    • Clarksburg Office North Central WV Business Center 200 W. Main St. Clarksburg, WV 26301.
    • Martinsburg Office Eastern Panhandle Business Center 229 E. Martin St. Martinsburg, WV 25401.
      • Costs $100.

West Virginia Foreign LLC

  • Online Filing costs $150.
  • Annual Report filing costs $25
  • Name Reservation fee costs $25
  • By Mail: Fill out the application form, and send it to any of the following addresses:
    • Charleston Office One-Stop Business Center 1615 Washington St. E. Charleston, WV 25311.
    • Clarksburg Office North Central WV Business Center 200 W. Main St. Clarksburg, WV 26301.
    • Martinsburg Office Eastern Panhandle Business Center 229 E. Martin St. Martinsburg, WV 25401
      • Costs $150.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

West Virginia LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in West Virginia, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

Our Rating & Pricing

Top Features

Learn More

#1 TOP PICK

$0 + State Fees

  • 100% accuracy guarantee

  • Worry-free service

  • Great customer support

  • Established reputation

  • Extras are bit more expensive

  • Good customer support

Business Permits and Licenses

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the West Virginia Department of Revenue for regulatory boards or agencies requiring licensing.

Taxes payable to the West Virginia Department of Revenue

To register an LLC in West Virginia, an LLC must pay several taxes to the federal and West Virginia governments. Let’s take a look at some of the main taxes that are to be paid by LLCs in West Virginia. An LLC in the state of West Virginia pays two types of taxes to the West Virginia State Department of Revenue:

State Income Tax

While representing your LLC in West Virginia, you pay yourself. These earnings are reflected in your personal Tax return & can be calculated at the time of paying the Income Tax.

The Standard West Virginia State Tax rate ranging from 3% to 6.5% applies to your earnings. You can claim all the standard allowances & deductions upon filing the tax return.

State Sales & Use Tax

The state of West Virginia levies Sales & use tax on tangible goods & services provided by an LLC. The State Sales & Use tax rate in West Virginia is 6%.

Federal Self-Employment Tax

All the members who run the LLC are self-employed members; because they pay themselves through the LLC. Federal Self Employment Tax, also known as Social Security or Medicare tax, is paid by all such members or managers. The Federal self-employment tax rate in West Virginia is 15.3 percent.

Federal Income Tax

If you are in the state of West Virginia, you must pay Federal Income Tax, in addition to the State Income Tax. The amount of the Federal Income Tax depends upon your earnings, the income tax bracket your LLC falls, the deductions, & the manner/ mode of filing.

You pay Federal Income Tax on all the profits your LLC makes after calculating the deductions & allowances such as Healthcare or Retirement Plans.

Employee & Employer Taxes

An LLC that has several employees on payroll has to pay the Employee-Employer taxes. These taxes are calculated on the basis of various factors, e.g., the amount earned, number of employees, etc.

Cost Comparison between states

West Virginia is surrounded by many states, namely Kentucky, Virginia, Pennsylvania, Maryland, etc. Each of these states has a different rate of taxes levied on LLCs. Let us take a look at this comparative chart.

StatesFiling FeeAnnual/Biennial FeeSales Tax
West Virginia$100$256%
Pennsylvania$125None6%
Virginia$100$504.3%
Maryland$100$3006%
Kentucky$40$156%

Based on the kind of industry you LLC operated in, your LLC will be liable to some other taxes & duties. For Example, if your LLC is in the sector of import & export, you have to pay the import-export duty. You should consult with a professional to verify the tax rates or business costs of registering an LLC in West Virginia.

Other Costs

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

How Much Does It Cost to Maintain an LLC in West Virginia

To maintain an LLC in West Virginia you will need to pay an annual fee of $25 along with state income tax at 3% to 6.5%, sales & use tax at 6%, and federal taxes.

One of the initial considerations when establishing an LLC in West Virginia is the cost of formation. Registering an LLC typically involves filing the necessary paperwork with the Secretary of State, paying the required fees, and obtaining any required licenses or permits. These costs vary depending on different factors such as the size and nature of the business, but it is generally a one-time expense.

Once the LLC is up and running, there are ongoing expenses that need to be factored into the budget. For example, maintaining a registered agent is a legal requirement in West Virginia. A registered agent acts as an intermediary who receives important legal documents on behalf of the LLC, such as lawsuits or official notices. While some business owners choose to serve as their own registered operator, many prefer to hire professional service agents to ensure compliance. Although this incurs an additional expense, it can save business owners valuable time and effort.

Another important consideration for LLC owners is the cost of an annual report filing. In West Virginia, all LLCs are required to file an annual report with the Secretary of State’s office. This report generally includes basic business information, such as the LLC’s address, the names of its officers, and their respective roles. While the filing fee for an annual report is typically not exorbitant, it is an expense that LLC owners should account for in their financial planning.

LLCs in West Virginia are also obligated to pay relevant taxes to the state. Entities with multiple members may be subject to a franchise tax, which is based on the LLC’s net worth or capital. Additionally, businesses operating in specific industries, such as tobacco or telecommunications, may be subject to industry-specific taxes. These taxes vary based on the nature and size of the business.

Business owners must also consider ongoing costs such as maintaining adequate insurance coverage. While insurance costs can widely vary depending on the size and nature of the business, it is crucial to protect the LLC from potential liabilities and unforeseen risks. Insurance expenses should be carefully assessed and factored into the overall budget to ensure the financial security of the company.

It is important to note that the cost of maintaining an LLC can vary widely depending on various factors. Expenses such as legal and accounting fees, marketing costs, lease or mortgage payments, and personnel costs can significantly impact an LLC’s overall budget. Therefore, developing a comprehensive business plan and conducting regular financial assessments are essential for successful cost management.

Understanding the costs associated with maintaining an LLC in West Virginia is a fundamental step in managing the financial stability of a business. By carefully estimating and accounting for these costs, business owners can plan, budget, and help determine the profitability and success of their LLCs. It is crucial for entrepreneurs to consult professionals familiar with the state’s specific regulations to accurately assess the necessary expenses. Ultimately, although initially daunting, the rewards of operating an LLC often outweigh the costs, making it a desirable and valuable business structure.

In Conclusion

The cost of West Virginia is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.


About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

Leave a Comment