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Best State for LLC

jdgouldjdgould Posts: 114Member, PRO
I am setting up an LLC as the umbrella for several online / app types of business and was curious what the best state would be to incorporate for non brick and mortar types of business. I heard Deleware, Nevada, and Wyoming, but was curious what others thought?

Thanks

Best Answer

  • EatingMyHatEatingMyHat Posts: 1,246Member
    Accepted Answer
    Not sure that a developer community is the best place for this kind of advice. Maybe someone here knows, but it is a shot at the dark.

    Setting up an LLC in a different state is not free of charge even for a non-brick-and-mortar business. It has all kind of local costs that you need to take into account. I would suggest talking to a financial advisor in this space.

Answers

  • JustMe74JustMe74 Posts: 542Member, PRO
    edited June 2012
    Lots of people used to incorporate in Delaware or Nevada because the fees and taxes are lower or non-existant. I'm not sure if that's viable anymore; you would still have to maintain a registered agent there, which can be expensive.
  • deadlightsdeadlights Posts: 235Member, PRO
    Yup, JustMe74 is right, Nevada or Delaware. You could set up a virtual office there (check out davinci virtual offices). I personally find it to be more of a pain, but if you were to become very profitable, you could save a lot of money by doing it this way.
  • JustMe74JustMe74 Posts: 542Member, PRO
    You should check into incentives that your state might have. The last time I formed an LLC, it was in Kentucky (where I lived at the time) and there were some significant tax incentives for startups in certain industries, so I just did it there. The initial fees were higher but it saved a lot of money at tax time.
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