It costs $50 to register an LLC in Hawaii with the Department of Commerce and Consumer Affairs Business Registration Division, plus a $1 State Archives fee. Filing online takes one to three days with a $25 expedited processing fee. After forming an LLC, you need a business bank account and website, required business licensing, and insurance. The LLC provides liability protection and potential tax savings. You can form an LLC in Hawaii without an attorney. It protects personal assets.
The main cost to start an LLC is the $50 Certificate of Formation filing fee. File a $15 annual report. Need an EIN for taxes and banking. Use the Business Express Entity Search tool to ensure a unique name. Reserve a name for $10 for 120 days. Appoint a registered agent.
Creating a limited liability company in Hawaii takes 3-5 business days. The Hawaii Department of Commerce and Consumer Affairs (DCCA) processes LLC filings. The DCCA offers 1-day turnaround for $25 more. An LLC protects personal assets. Hawaii doesn’t require a general business license. Some permits may be needed, like from the Department of Health. All LLC members taking profits out pay 15.3% self-employment tax. Hawaii’s 4% tax rate ranks 41st among states. Hawaii offers opportunities for LLCs due to tourism and location. An LLC limits liability and allows flexibility. You can form one yourself or use a service. An LLC is run by owners’ agreement. Non-residents can form Hawaii LLCs but need an in-state agent. Specific permits and licenses may be required.