Yes, there can be hidden costs that entrepreneurs should be aware of:
Late Fees: Missing deadlines for registration, renewals, or compliance can result in costly late fees. Additional Permits: Some industries require multiple permits or certifications, each with its own fees. Professional Services: Costs for accountants, consultants, or other professionals can add up quickly. State-Specific Requirements: Different states have varying requirements and fees, so it's important to understand the specific costs in your state.