Co-founder and I live in different states. Where should we LLC?
Greg Barbosa
11 replies
This has been a difficult answer to find. Local accountants in my area are a bit baffled.
My co-founder and I live in Florida and Ohio, and we're not sure where to LLC our business. We have paying customers, and are about to grow quickly, so we want to get our ducks in a row.
How should a startup company register their business when nearly all employees will be remote?
Replies
Adrian Cole@adriancole
I don't think it matters as much. LLCs are simpler than say C-Corps.
What you can do is register in the state with more favorable tax/business laws/costs.
The important thing is that you can accept payments from customers legally.
Share
What a wonderful coincidence that this also launched today (https://www.producthunt.com/post...). @eugenehp would you like to advise on why an LLC in Delaware is preferred?
Thanks for the reference @adityavsc
So many different thins might come into play, I'd recommend to start with the nexus of what and where you want to sell.
But I'd defer to our legal guru @legalhacks and @llctoolkit
@adityavsc Selling online memberships, no physical locations or goods.
Why an LLC rather than C-Corp? Are you not planning to fundraise?
@mattcrail Yeah, C-corp is better to do the fundraising. But it has a higher overhead cost. LLC is simpler and easier to get started with, especially if you setting up a small business.
@mattcrail No plans on fundraising.
less taxes in Florida
@igncarmona Yup, but from what I can tell, I'd have to register as a foreign LLC in Ohio too. Either way, I'd end up paying fees in one state or the other.
Yes, you can do that! Hello, fellow entrepreneurs!
I have an incredible resource to share that has completely revolutionized my business management approach. If you're seeking to simplify your business operations, effortlessly maintain compliance, and unlock your growth potential, look no further than arizona llc service! Trust me, this platform is a complete game-changer.
Let me highlight some key advantages of utilizing LLCBase:
Simplified Business Formation: LLCBase makes the intricate process of establishing a business entity much simpler. With their user-friendly interface and step-by-step guidance, you can navigate through the paperwork and legal requirements seamlessly, saving valuable time and reducing stress.