Yes, there are ongoing costs that you need to consider:
Annual Fees: Most states require businesses to pay annual fees to maintain their registration. These fees can range from $50 to $800 or more. Renewal of Licenses and Permits: Many licenses and permits need to be renewed periodically, which incurs additional costs. Compliance Costs: Staying compliant with state and federal regulations can involve costs for audits, reports, and other administrative requirements.