Where Should I Form my LLC?
Most business owners have heard that Delaware or Nevada present a distinct advantage over other states when it comes to forming an LLC. It's true that there are advantages to forming an LLC in either state. However, most of our customers choose to form their LLCs in the state in which they conduct the majority of their business.
Advantages of forming an LLC in your home state:
- Forego the expense of additional registrations, known as "foreign qualifications", imposed when you register to transact business in additional states.
- Avoid paying franchise taxes and other government fees in more than one state.
- Small business owners typically choose the least complicated option when they only operate in one state.
Learn about LLCs by state:
Why are Delaware and Nevada so popular?
In Delaware:
- The state does not impose a business income tax unless you transact business in Delaware.
- Delaware does not have residency or citizenship requirements for forming an LLC.
- Franchise taxes are charged at one low, flat rate to all LLCs.
- There is no sales tax on goods and services in Delaware.
- Minimal reporting and disclosure is required.
In Nevada:
- Nevada does not collect personal or corporate income tax.
- There are no residency or citizenship requirements for forming an LLC.
- Minimal reporting and disclosure is required.
LLC.com can help you form an LLC and assist you in meeting your compliance requirements, no matter which state you choose. Our Business Consultants are available to answer your questions so that you can concentrate on running your business.
Form your LLC today, or speak with an LLC.com Business Consultant at 1-866-963-7708 (toll-free) or 302-636-5457.