Delaware:
- Choosing Delaware for Your Business
- No sales tax, no tax on transactions, and no capital stock transfer tax applies.
- Affordable filing fees compared to other states.
- Provides liability and privacy protection.
Nevada, Wyoming, and Delaware:
- Top States for Incorporation
- Best options due to low business taxes and costs.
- Register as a foreign corporation if located elsewhere after incorporating.
South Dakota:
- Tax Benefits in South Dakota
- Lacks corporate income taxes but has higher sales tax.
- Business owners can benefit from tax savings.
Kentucky:
- Starting a Business in Kentucky
- Cheapest state to start a business with a registration fee of only $45.
Incorporate in your home state for simplicity. Nevada offers business advantages. Register your LLC in a different state if compliant with laws and regulations of both states.
- Filing as a foreign LLC means paying fees and taxes in the respective state.
- State fees and taxes still apply if illegally doing business in a state.
- The Attorney General can issue injunctions for non-compliance.