In the United States, starting a business requires a lot of legal and official steps, many of which can take a huge amount of time. And that’s where Expedited filing services come into play. These speedy services are helpful for business owners who need to get their companies up and running quickly.
Curious to learn more? Let’s not delay; This complete guide can help you understand expedited filing, whether you are a US-based business owner starting a new business or a non-resident business owner trying to get into the US market.
When to Form a US Company?
Forming your foreign company is a very crucial step and it comes with some considerations. These considerations will help you to decide whether you need to form your company in the USA or not.
The considerations are:
- Expanding Business: If you want to expand your business then formation in the USA can be a huge step because of large traffic.
- Immediate Collaboration Opportunities: When you are thinking about collaboration, the USA is one of the best places to form your company.
- Tax Advantages: You will get tax advantages after forming your company in the USA.
- Investment Opportunities: In the US, there are lots of opportunities for investment. So, if you want to take advantage of it, you should form a company in the USA.
Before you proceed, it’s important to cross-check and consider whether forming the company is the right decision for you. Here are some reasons to reconsider and understand well, why you should not form in the US:
- Unclear Vision about what to do.
- Lack of Planning & Strategy.
- Unaware of Tax Implications.
- Not prepared for Legal Compliance & regulatory requirements.
- Unable to cope with Market Changes & Challenges.
- No Comprehensive Expense Plan.
Understanding Filing Fees for US Company Formation
Filing fees for US company formation are associated with the submission of required documentation to form a company. This includes the service charge of company formation—if you hire a third-party company formation agent—and a must-pay state fee.
For example: Business Globalizer charges $169.00 + state fee for their US basic package. Now, if your chosen state is Wyoming, then the state fee would be $100. And the total amount would be $269.
These fees can differ based on the different state of incorporation, packages, and the type of business entity such as LLC, corporation (C Corp or S Corp), or partnership. Moreover, these fees can include optional services, such as expedited filing. Expedited filing fees are for getting faster review and approval of your documents.
Note: The fees for both third-party company formation agents and states are subject to change from time to time. Consult with experts and stay up-to-date. We will update the state fees whenever there’s a new one.
Understanding Expedited Filing Services
What Is Expedited Filing?
Expedited filing is the most popular way to get your filing fast for company formation in the U.S. This is a process that is offered by the state and federal agencies of the U.S. to speed up the processing of documentation and approval. Many third-party service providers also offer expedited filing from their side. This service makes sure that the documents you send in, like papers for starting a business, permits, or licenses, are looked over and accepted faster than usual.
For example, forming a company in the state of Montana can take up to 10 days, but with expedited filing, it can be completed within 24 hours. This means you can get your business up and running in no time!
Types of Expedited Filing Services
You can get expedited service in three steps. Let’s discuss it in detail here.
State-Level Expedited Services
In the US, each state has a different amount of expedited company formation services. These services can include processing the same day, 24 hours faster, or faster choices over a few days. Both the cost and the ability to get these services depend on the state and the type of filing.
Federal Expedited Services
At the federal level, some filings can also be sped up. For example, getting an Employer Identification Number (EIN) from the IRS or registering a trademark with the USPTO can be done faster. These services make sure that important government documents needed for business operations are processed more quickly.
Third-Party Expedited Services
There are a lot of third-party companies that offer fast filing services. These companies can handle the whole process of starting a business, including making papers and sending them in on the owner’s behalf. They usually have different levels of fast services to meet the wants and budgets of people.
Why Need Expedited Filing Services?
People who want to start their own businesses without any delay can be greatly benefited from using expedited filing services. These services speed up the processing of formation papers, which means that businesses can start running faster than they could with normal filing times. Some reasons why you might need expedited services are urgent business opportunities, investor needs, or meeting contractual dates.
Costs Associated with Expedited Filing:
| State Name | Expedited Level & Fee |
|---|---|
| Alabama | $200 for 3-day processing. |
| Alaska | Expedited processing service not available. |
| Arizona | 5-7 days $65. next day $100. same day $300. within 3h $1000. |
| California | 24–Hour Preclearance Service $500. 72–Hour Preclearance Service $400. 5–Day Preclearance Service $300. 10–Day Preclearance Service $250. |
| Delaware | 1-Hour Service $1,000. 2-Hour Service $500. Same Day Service ranges from $100.00- $200. Next Day Service ranges from $50.00- $100. |
| Georgia | Two Business Days $100.00. Same Day $250.00. One Hour $1000.00. |
| Hawaii | ~1-3 business days if you file online and pay the $25 expedited fee. |
| Illinois | https://www.ilsos.gov/publications/business_services/llc.html |
| Kansas | Each applicant for an expedited application shall pay $100. |
| Louisiana | 24 hour expedited filing: $30. 2-4 hour priority expedited filing: $50 |
| Montana | 24-hour priority handling include an additional $20.00. 1 hour of expedited handling include an additional $100.00. |
| Nevada | Details |
| New Jersey | One-business-hour $1,000 per transaction. Two-business-hour $500 per transaction. Same-day service $50. |
| New Mexico | Within two business days $100.00. One day of receipt $150.00. |
| New York | Within 24 hours $25. On the same business day $75. Within 2 hours of receipt $150. |
| North Carolina | Within 24 Hours $100.00. |
| Ohio | 2 Business Days 1 $100. 1 Business Day 2 $200. 4 Hours $300. |
| Pennsylvania | Same-day service: $100.00 Three-hours service: $300.00 One-hour service: $1,000.00 |
| South Carolina | Doesn’t offer expedited filings for LLCs. |
| South Dakota | Expedited Service Completion sooner then the normal course of business $50. |
| Utah | 1-2 business day for $129. |
| Virginia | 24-Hour $25.00. 2-Hour $250.00. 1-Hour $500.00. |
| Washington | Same-day service $100 per business entity. |
| Washington DC | Within 24 hours $25. On the same business day $75. Within 2 hours $150. |
| Wisconsin | 1-2 business days for $35 per document. |
| Wyoming | Wyoming statutes do not allow for expedited filing at this time. |
Bottom Line
Finally, it can be said with strong assurance that the expedited filing process is very essential aspect if you want a faster process of company filing and approval.
It can be hard to figure out how to start a business in the US and what the different fast filing fees mean. But if you know what you’re doing and plan ahead, you can improve the way your business is set up, save time, and set your company up for success. Expedited filing services are useful for business owners who need to act quickly, whether it’s because of a sudden opportunity in the market, the needs of investors, or long-term business plans.
