Running a business isn't cheap everywhere. Some states use LLC franchise taxes and annual reporting fees as a major source of state revenue. If you operate an LLC in these states, you need to budget accordingly.
The Most Expensive States to Maintain an LLC (2026)
These states charge $200 or more every single year just to keep your LLC in good standing. Missing these deadlines can also trigger massive late penalties.
| State | Fee | Frequency | Late Penalty |
|---|---|---|---|
| Massachusetts | $500 | Annual | $Varies |
| Nevada | $350 | Annual | $175 |
| Delaware | $300 | Annual | $200 |
| Tennessee | $300 | Annual | $Varies |
| North Carolina | $202 | Annual | $Varies |
If you do business in one of these expensive states, missing your annual report is costly. Be sure to check our state-specific guides to track your exact due date.