Get Form DC-5 - Hawaii.gov

In fact, it's ranked second, just behind California. Owning an LLC in Hawaii will require you to pay self-employment taxes. Because of this, you may want to consider starting your business in Nevada instead, as you won't be required to pay personal income tax.

In Hawaii, state fees can vary depending on the type of entity you choose to form. ing to the Hawaii Secretary of State website, expect to pay roughly $55 - $75 to start a business in Hawaii.

To revive or reinstate your Hawaii LLC, you'll need to submit the following to Hawaii's BREG: a completed Hawaii Application for Reinstatement (Form X-4) a tax clearance certificate issued by the Hawaii Department of Taxation. any missing annual reports (including delinquent costs and fees) a $25 filing fee.

To change your corporation or LLC's Hawaii Registered Agent, submit the completed Form X-7, Statement of Change of Registered Agent by Entity to the Hawaii Department of Commerce and Consumer Affairs, Business Registration Division (BREG).

How Are Hawaii LLCs Taxed? By default, single-member LLCs (SMLLC) are taxed the same as sole proprietors, whereas multi-member LLCs are taxed as general partnerships.

As can be gleaned from the foregoing, there are three (3) basic requirements for amending the Articles of Incorporation, namely: Majority vote of the board of directors. Written assent of the stockholders representing at least 2/3 of the outstanding capital stock. Approval by the Securities and Exchange Commission.

Starting an LLC in Hawaii will include the following steps: #1: Choose a Name for Your Hawaii LLC. #2: Designate a Registered Agent. #3: File Your Articles of Organization. #4: Create an Operating Agreement. #5: Request Tax ID Numbers. #6: File Your Hawaii LLC Annual Report.

It will cost you $50 to register your LLC in Hawaii with the Hawaii Department of Commerce and Consumer Affairs Business Registration Division, plus an additional $1 State Archives fee. Filing online is the fastest way to complete the paperwork.