Best State To Form an LLC: Lower Taxes and Better Protection
HTML-код
- Опубликовано: 29 авг 2021
- Don't form your LLC in the wrong state. These are the best states for LLC formation and starting an LLC.
👉 BEST Virtual Address for Business: bit.ly/44Tv7TC
👉 Free LLC Operating Agreement: bit.ly/2TQ1Itk
Subscribe: bit.ly/2HJlq46
To truly answer the question, what is the best state to form an LLC, we actually need to answer two questions.
The first question is literally… what is the best state to form an LLC in?
The second question is the best state for YOU to form an LLC in?
The Best State for LLC Formation:
State #1: 1:00
State #2: 1:43
State #3: 2:37
FREE TRAINING: 3:25
The best state for you: 3:42
Watch this next: 6:28
LLC Playlist (Everything You Need for LLC Training): • The Best Business Enti...
[[Free Training]] --- How To Start A Six Figure Business With $250: lyfeaccounting.com/how-to-sta...
Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!
Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: lyfeaccounting.com/coming-soon/
///
Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](http://i.ytimg.com/vi/5YggWhLeckM/mqdefault.jpg)
Thank you! Great Video!!
Valuable information! Thank you!
This was very helpful thank you!
This was so helpful!
Great video, that was very helpful
Great info. Thanks for this video
great job, keep up the great work. I plan on starting an Amazon FBA in Florida but was considering starting the LLC in wyoming but I guess it does not make sense to do so
Thank you for this video 🙏🏾❤️ Can you have LLCs in other states held within a holding company in a different state?
Good info fam
Thank you 🙏🏼
Great info
This was cool! Thank you 🙏🏽
Glad you enjoyed it!
GOD BLESS I NEEDED THIS🙏🏼👑🌹
Hey Angela, glad you found value in this. Thanks for supporting.
Thank you so much
Hi I live in Wash, DC I want to start a non profit which is the best state. The non profit will be international as well. THANK YOU FOR BLESSING ME🙏🏾❤👑🌹👏🏾
Tu again great content very informative. Handsome
Thanks for watching!
Solid content. Thank you. Answered some questions, but left me with some new ones.
I'm considering starting a trucking company, and I will not be tied to any state, so my "home state" could be Nevada or Wyoming. But the part about paying taxes in whatever state you do business in is concerning. Can you explain (or do a video) on what that would mean for, in my case, an interstate trucking company. If I pick up loads in 38 states during the course of a year, do I have to file taxes in 38 states?
Interested in more information about the business your speaking of.
What if you live in Hawaii? I what to start an LLC. in Nevada, however would it be better to start it in Hawaii. What's the breakdown for Hawaii vs. Nevada vs. Delaware for a car rental, educational, or tourism business?
Question Nevada has cheap commercial insurance for semi my home state has the highest but I do business all over the US so what do I need to do
I have an over the road trucking company(1 truck for now), I'm also about to start a Real Estate Investment company. I'm currently residing in Maryland. What would you do? Delaware or Wyoming? I'm thinking Delaware because I'm right here, but Wyoming is really appealing.
Hey do you also open and do the paperwork for other people? Is it possible to speak with you?
What if I got my sole proprietorship in one state, but then moved to another state and wanted to switch to an LLC. Would I have to completely delete my sole proprietorship and start a whole new identity with new ein in the new state or is there a way to switch states and then upgrade to the LLC?
bro you just dropped maaajjoorrrr gems!!! thank you for this 🔥🔥🔥 had to sub
What if I am a real estate investor and i have multiple properties in different states - I just have to worry about paying taxes in those states when I file? Correct? It doesn't make sense to have multiple LLC's in multiple states.
How does Florida stack up?
if i select Texas for llc as a non US resident so i will be able just sale a=at the texas state not other state right ?
If I have an eBay business that ships from NJ to the rest of the country/world, but only currently makes 20,000 a year profit, is it worth setting up an LLC, and am I allowed to have it set up in another state?. My primary goal is to pay less taxes and not pay tax on purchases for resale.
Why not New Mexico which is cheaper than Wyoming? I guess it has the same positive points as Wyoming.
Nice video Keran
Llc in ca but plan on doing no biz out here just wanna biz ccs.. can i transfer to another state? And avoid the $800 annual fee
Great video, thank you. I am starting a real estate investment company, I live in California and was told I should form the LLC in NV or DE. I am planning on buying property in CA, NV and other states so what state would be best to file my LLC in?
Same for me
Same
Looks like us 4 got the same question for CA
I am from pakistan if i want to create llc for online business purposes as a foreigner which state is good for me for llc creation?
Does Wyoming has the same court of chancery as Delaware, and does it handle the same way as Delaware?
Wyoming actually does have a chancery court! Great reminder.
@@LYFEAccounting thanks
What if I live in a state, but my job is in different states during the year. I don’t actually conduct work in my home state?
Hey Eche, you have 0 customers in your home state and you don't operate the business in any capacity from your home state?
What if the LLC has 3 Managers who live in 3 different States?
Riddle me this: Work remotely, live in the DMV (until June 2023), then moving to Florida thereafter. But, want to start an Airbnb biz in between time. HELLLPPP! 😩 Where should I register?
Air Bnb Props will be all around the country just to add a little spice to my situation lol
Does this apply to Scorp where you're an employee 🤔
Yes, it still applies.
What about crypto trading, does that meet the requirements to be able to have a llc in a different state like Wyoming?
I'd like to have an answ to this, as well, regarding forex.
Hey! As a non US citizen, what would be the best option? Still these 3?
Thanks 🙂
Wyoming, it has the best foreigner friendly laws…he talks about it in the last minute or so 👍
@@joshuazubek3836 Thank you very much!
What if your business is remote? You live in NYC, but business is conducted remotely -- would it then be advantageous to register the LLC in Delaware? Perhaps get a PO box for the registered agent in Delaware?
No answers huh, I need to know
Ideally yes tbh
Or do it “legal” you live on your friends couch who so happens to live in Delaware and you get mail thwre
Wyoming
Factsss😊
I am trying to do what you said. I want anonymity. I want to Start an LLC in Nevada and work in Florida. How do I show that the LLC is owned in Nevada? There are some pieces to the missing puzzle floating around.
Okay, I’m on the same boat.
I am going to run an online e-commerce business.
I live in CA.
But opened the LLC in Nevada with a virtual office.
However, as I’m opening the bank, it says
Enter primary address. It needs to be an actual location and not a virtual address.
Not sure if this matters? Or if I’ll get in trouble with the IRS.
I’ll be conducting purchases, via using my virtual address in NV, and things will be forwarded to my home addresss in CA.
I believe this is how to conduct business in NV, but work remotely.
Someone wanna share?
@@unrestrictedvibes6982 hey contact me bro. I’m trying to do the same
aww man hope this gets answered! i have the same question
@@unrestrictedvibes6982 What virtual company you used to get a business address that forward your mail to your home address?
@@unrestrictedvibes6982 You will need a registered agent to pay a very very small fee in the state of Nevada. For the business address just use whatever address you are using in your state yes come up now do this a lot, I have 6 different LLC's
Nevada does require you to have a business licence.
What if you form a LLC in one state, but then decide to move to a different state?
Great question. You would need to domesticate your LLC in the new state and dissolve it in the old state.
@@LYFEAccounting thank you ❗️
@@LYFEAccounting will I keep my business history and trade lines?
i am looking to registered llc for the amazon business. can you suggest me the best state where had no income tax or sales tax or any other type of tax and not any yearly charges. some people said texas is the best because no yearly renewal charges and free shipping in the state on the other hand some people said wyoming and nevada also delaware is the best like you. can you help me out.
Hey! Watch from 3:44 on in the video.
👏👏👏
Thanks Jess!
He missed out mantana
Why don't they teach this in school.
They definitely should!
Thank you!
You're welcome!