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AFAIK, there aren't a lot of benefits to registering an LLC in a state other than your own and it can end up costing more when you register to conduct business
by carbon8 17y ago
AFAIK, there aren't a lot of benefits to registering an LLC in a state other than your own and it can end up costing more when you register to conduct business in your own state. I recommend anyone considering this to treat out-of-state registration with skepticism and research it more. It's been discussed on HN, there's info on nolo.com and you can ask an attorney.
- fatdog789 17y agoAgreed. You end up having to pay taxes in two states (or at least, one more state than you would normally pay taxes in), instead of one, and the taxes aren't the same... which means you have to match up all income and expenditures. Attorneys, at least those that incorporate LLCs for small businesses, are cheap, and will frequently double as service agents (for a small yearly fee).