2020 Brings New NAD and NARB Fees
For companies with annual gross revenue of $5 billion or more, the new NAD filing fee is $35,000, while companies with annual revenue of between $250 million and $5 billion will have to pay $30,000. Previously companies with annual revenue over $1 billion were subject to a $25,000 filing fee, while those with revenue under $1 billion paid a $20,000 fee. There is still a discount for national corporate partners of the Council of Better Business Bureaus. The NARB filing fee has been increased from $20,000 to $25,000.
Notably, the revised fee schedule includes a new category designed to encourage participation from small businesses. Businesses with annual revenue under $250 million will be required to pay a $10,000 filing fee.
In 2020 the NAD and NARB will also introduce a new online submission process, which will increase efficiency.
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