Forming an LLC in Hawaii (Preliminary information)
We have prepared a guide on forming an llc in the state of Hawaii, the cost of an LLC company to be formed in Hawaii, forming an llc at the most affordable price and the steps you need to take at this stage.
To form an LLC in the state of Hawaii, an application must be made to the Department of Commerce and Consumer Affairs. $50 is paid to the state for the installation application. After the installation is completed, your company formation document called Articles of Organization will be delivered to you. When you receive the document, it means that your Hawaii LLC company has been officially formed.
The registered agent company, from which you will receive support during the installation phase, will provide the mentioned formation documents for the installation. Thus, you do not need to take any extra action. To form your company, you can get online service from Northwest Registered Agent by paying the 39+ State filing fee.
Costs
| Service | Price | In installation | Annual |
| Fee to be Paid to the State During LLC Company Formment | 50$ | ✔ | – |
| Annual Filing | 15$ | – | ✔ |
- In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
- You can renew your Northwest agency fee next year for $125 (address included)
What is Registered Agent?
Agencies that provide services for entrepreneurs who do not reside in the United States to form an llc, receive official documents from the state, and ensure that the company remains healthy are called Registered Agents.
When you decide to form an LLC in Usa, Northwest is one of the best options. Northwest provides a free mailing address for your company.
There are also different agencies, you can access the full list and detailed review page of other Registered Agent companies that establish LLCs from this link .
How to Form an LLC in Hawaii?
You can form an LLC remotely online in the state of Hawaii, there is no need to visit the state in person. Additionally, non-US citizens are not required to have an ID or passport. You will need a registered agent for the installation, who will prepare and file the necessary documents online for you with the state. If you do business with the Northwest agency, you do not need to pay extra for the company address because this agency has offices in all US states and allows you to use its offices as your business address. Other details are below.
- Apply Online: Determine a Registered Agent to establish your company and keep it active. Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will fulfill all transactions for you according to the order form in your application and will be your Registered Agent in this state
- You can get a domain name for your company: Check if the website domain name you will create for the business name you choose has been registered before. With Namecheap you can quickly register an llc domain name so that no one else can get and use your domain name in the future.
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- Apply Online: Determine a Registered Agent to establish your company and keep it active. Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will fulfill all transactions for you according to the order form in your application and will be your Registered Agent in this state
- Operating Agreement: The operating agreement, called the Operating Agreement, determines the management style and rules of the company. It is not required in many states and is not required in Hawaii. Northwest will prepare a contract for you free of charge after company establishment and deliver it to you electronically. Although the state does not require it, it is recommended to create it, but you do not need to mail or electronically send this contract to the state, just keep the contract you have prepared and signed.
The approval and setup period of the LLC company takes 1 week for the state of Hawaii.
What happens after your LLC company is approved in the state of Hawaii?
- After the company is formed, your LLC formation document is delivered to you digitally by your agency.
- Once you receive the incorporation documents (digitally), obtain a Federal Identification Number (EIN) from the IRS. Without EIN, you cannot open a bank account or register for payment systems such as virtual POS (stripe) or paypal. You can also apply for an EIN yourself by filling out form SS4 and faxing it to the IRS. the guide here . The other option for EIN is to get a paid service. You can get EIN application service from us for $ 29. We can process it on the same day and carry out the entire process for you. this order form after company setup .
State Requirements and Taxes
Federal Taxes: All LLCs require a federal tax identification number, EIN. An EIN is basically the business version of a social security number and is used for important LLC functions. If you obtain your LLC company income from American citizens, you may be required to pay federal income tax to the state after a certain turnover.
State Requirements: Hawaii LLCs must file a report with the state each year with or without income. These franchise tax and annual reporting requirements are required to be met each year.
Sales Tax Rate in Hawaii
Sales Tax in Hawaii: There is no sales tax in Hawaii, instead there is a general excise tax. If your LLC will sell goods to customers in Hawaii, you must collect general excise tax and remit it to the state revenue agency. This means you must register with the Hawaii revenue authority for this purpose and then make periodic sales tax payments on goods sold. General excise tax in the state of Hawaii is 4%.
Obtaining Business Licenses and Permits
If you own a business such as a brick-and-mortar shop or store in any city within the state and do physical retail business there, you may need some licenses and permits depending on what you do.
Annual Reporting
Hawaii LLCs are required to file an annual report each year and pay a $15 filing fee. The annual report is merely an information update, through which the Ministry of Commerce and Consumer Affairs confirms your company's accurate contact and ownership information.
You must file an Annual Report and Frnachise Tax every year In the state of Hawaii, the annual report fee is $15.
In Hawaii, the annual report deadline depends on when you formed your LLC. See the table below for your business's annual report payment deadline
For more information about taxes, you can check out the article Taxation in America
