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The state that you are based in may still be the best choice. You have to register as a foreign entity in your local state if you open a Delaware company. Delaw
by Beijinger 2y ago
The state that you are based in may still be the best choice. You have to register as a foreign entity in your local state if you open a Delaware company. Delaware only makes sense if you are looking for investors.
- cj 2y agoErr on the side of keeping your options open. Heck, even dentists and doctors offices are taking on investors and getting acquired these days, probably without an original intent to do so.
- Beijinger 2y agoYou can always close and open a Delaware company later. https://www.delawareinc.com/blog/convert-foreign-llc-corporation-delaware-company/ https://www.delawareinc.com/blog/convert-foreign-llc-corpora... For most people, incorporation in their home state is the best choice. I had a DE company once. Currently, I have an LLC in my home state. I may in the future open a DE LLC for another project. But there is not one-size-fits all solution. But if you want to open out of state, for a start-up DE might be the best option. I vaguely remember that Wyoming is good for trusts but I am not an expert in this field.