Starting a business doesn’t have to break the bank. While some legal services charge hundreds of dollars to file paperwork, savvy entrepreneurs in 2026 are finding ways to form their LLCs for under $100. If you are on a budget, here is the roadmap to getting your business legal without overspending.
1. File Directly with the Secretary of State
The biggest “secret” to saving money is avoiding middleman websites. Every state has a Secretary of State website where you can file your Articles of Organization yourself. In states like Kentucky, Arkansas, or Colorado, the filing fees are incredibly low (some as low as $40-$50).
2. Get Your EIN for Free
Never pay a service to get your Employer Identification Number (EIN). The IRS provides this service 100% free of charge on their official website (IRS.gov). It takes about 15 minutes to complete the application, and you get your number instantly.
3. Be Your Own Registered Agent
Most states require you to have a “Registered Agent” to receive legal documents. While many companies charge $100-$300 a year for this service, in many states, you (or a partner) can act as your own registered agent as long as you have a physical address in that state.
4. Use Free Operating Agreement Templates
You don’t need a lawyer to write a basic Operating Agreement for a single-member LLC. There are many reputable sites that offer free templates that you can customize to fit your business needs.
Budgeting for the Long Term:
- Annual Reports: Remember that some states require a yearly fee to keep your LLC active.
- Business Licenses: Depending on your industry, you might need a local permit which usually costs very little.
- Separate Accounts: As soon as your LLC is active, open that free business checking account to keep your finances clean.
