If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Hawaii is easy, fast, and affordable.
| Hawaii LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| Hawaii Filing Fee | $51 |
| Total | $150 |
The LLC name must contain the words "Limited Liability Company" or the abbreviation "L.L.C." or "LLC". The letters in the name of a limited liability company must be letters of the English alphabet.
You will need to provide the name of your LLC, the address of the LLC's principal office, the Registered Agent's name and physical address, the name and address of the organizer, and the name and address(es) of the member(s) of the LLC.
When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Hawaii.
It's not hard at all. Each Hawaii LLC is required to file an annual report/statement with the Business Registration Division. The annual fee is $15.
Making changes to your LLC in Hawaii is pretty inexpensive compared to other states. Most changes you need to amend your LLC and/or change your Registered Agent can be done online, each for a fee of $25.00.
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Hawaii very easy.
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