Fees breakdown: a US Corporation costs $7,500 per year just to operate

An active US-Corporation has a number of associated costs you might or might not be familiar with. Whether you are a US company or a foreign startup looking to incorporate in the US for billing/investment purposes, you should be prepared for these corporation costs that are going to take a hit in your company.

In Slidebean we originally opened a US Corporation as part of our time in the DreamIt Ventures accelerator, but we also needed it for billing purposes (looking at you, Stripe).

Anyway, let’s get started.

Incorporation: $500, One Time

Incorporating is a no-brainer deal that can be done in the course of 1–2 days by any decent lawyer or by a web service like LegalZoom. Creating your company in Delaware is a standard and unless you have a VERY good reason you shouldn’t attempt to do this in any other state.

I wrote an article not long ago with a number of documents that you should also create along with your incorporation, especially the Bylaws and the Stock Purchase Agreements for the founders.

Related Read: 5 Legal Docs your startup needs to sign before anything

EIN Number: $0-$200, One Time

Your Employer ID Number is a unique identifier for your company that is used for tax purposes, to open bank accounts and any other official ordeal. However, the EIN is not included with…