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Every company in Hawaii is required to maintain a Hawaii registered agent and Hawaii registered office.
Hawaii Registered Agent Service: A Hawaii Registered Agent Service (aka Commercial Registered Agent) is a company that specializes in receiving mail and Service of Process for your LLC. Hawaii Registered Agent Services usually charge $100 to $300 per year.
1. Kentucky. Kentucky is the cheapest state to form an LLC, with a filing fee of just $40. The state also offers business owners incentive programs that provide small businesses with financial assistance.
Then the Hawaii Department of Taxation honors this and taxes your LLC the same way at the state level. An LLC with 1 owner (Single-Member LLC) is taxed like a Sole Proprietorship. An LLC with 2 or more owners (Multi-Member LLC) is taxed like a Partnership. The above are referred to as the ?default status?.
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.
Hawaii LLC Processing Times Normal LLC processing time:Expedited LLC:Hawaii LLC by mail:7-10 business days (plus mail time)1-3 business days ($25 extra)Hawaii LLC online:7-10 business days1-3 business days ($25 extra)
Hawaii LLCs are classified as pass-through tax entities by default, which means they don't pay corporate income tax. Instead, LLC revenue passes through the business to the members/owners, who report their share of the profits as personal income on their taxes.