Forums: Discussions for entrepreneurs and small business.

Hi, I`m trying to determine which state is best to form a new LLC.  I have business partners in 3 states - TX, PA, NJ.  I hear Nevada and Delaware are low cost, but I don`t know if low cost is really the best way to evaluate location. 

Members of SuN have mentioned on more then one occasion that the LLC should be formed where the business will conduct most of its business until the business is sufficiant size to reap the benefits offered by Nevada or Delaware.

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Travis Tschepen
Hibachi Bros. LLC

--My goal in life is to be as good of a person my dog already thinks I am.--

Travis - thanks for the information.  I`m new and didn`t know about SuN, but I do now.  BTW - I have a Cavalier King Charles, too.  Her name is Coco; she`s a Blenheim. - Jim

My black/tan had a sister named Coco.  I called her crazy coco.  She was always barking and jumping on the rest of the liter.  I wonder how she is doing now.... 

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Travis Tschepen
Hibachi Bros. LLC

--My goal in life is to be as good of a person my dog already thinks I am.--

From what I understand Delaware is the most corp friendly state. Most of the corporations are Delaware corporations probably for a reason. 

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great info here -- thank you all.  special thanks for the links GregMetro.

Wyoming`s "lifetime proxy" probably is super valuable for those that need it but I`m not sure I need it right now. Vegas would be a great place to hold s/h or member meetings.  I`ll keep you posted.


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ShareOnce.com - Simple. Fast. Free.
Networking that saves you time and gets you seen.

By electing a New York LLC, you pick a corporate form that`s recognized by all fifty states, plus your New York LLC establishes a legal presence for your business in New York State.

For More Info :
Click Industries, Ltd.

Thanks Molly. There is that word again -- "nexus".  :)

I went ahead and formed it in Texas -- Share Once LLC -- for all the reasons mentioned.

We launch on 7/6 with ShareOnce.com and I invite you to sign up for launch news there. SO is a simple web/mobile networking solution for groups (chambers, alumni chapters, professional organizations, trade associations, networking groups).

Thanks again.

James


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ShareOnce.com - Simple. Fast. Free.
Networking that saves you time and gets you seen.