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Note that each state handles different aspects of LLC's differently. There is a reason many companies form LLC's in Nevada or Wyoming - those states have tons
by fowkswe 9y ago
Note that each state handles different aspects of LLC's differently. There is a reason many companies form LLC's in Nevada or Wyoming - those states have tons of legal precedence for different things pertaining to LLC's. So for example, avoiding certain types of litigation, or remaining anonymous are features of LLC's in those states.
Note, I'm not a legal person, but these are things I was told to consider when picking a state to form your LLC.
- ojbyrne 9y agoThis is the first I’ve heard of anyone incorporating in those 2 states. It’s always either Delaware or the state you’re located in.
- camhart 9y agoFor LLC its wyoming or nevada. Corp C/S i hear delaware.
- 77pt77 9y agoWhat are the advantages of incorporating an LLc in wyoming or nevada vs other locations? Especially if you don't live there.
- brobinson 9y agoI register all my LLCs in Wyoming even though I've never stepped foot in the state in my life.
- zawerf 9y ago> remaining anonymous are features of LLC's in those states Let's say you want to remain anonymous (not for any illegal reason, just pure privacy paranoia). Does that mean a california LLC won't work? What's the difference between those other states and using a registered agent for the mailing address in CA?
- brobinson 9y agoWyoming also has precedent against "charging orders" (piercing of the corporate veil in single member LLCs), which is nice. You can also form a Wyoming LLC without even being a US citizen or resident. It's comically simple to setup and the annual fees are a joke. There's a large registered agent industry there.