Unless you want an anonymous LLC, then register in your home state. #startingabusiness #businessreg

26 Sept 2022 · 1 min

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Delaware and Wyoming LLCs don't save you taxes. If you form out of state, you'll pay filing fees and annual costs in both states plus handle foreign qualification paperwork. Register in your home state instead unless you have a specific reason not to.

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Are you thinking about registering an LLC, but you don't know which state to register in? I'm sure you've heard that registering in Delaware or Wyoming is something that you should do, but take that with a grain of salt. Delaware and Wyoming do have some benefits, but they are not tax related. If you don't live in Delaware or Wyoming and you register an LLC there, then you're going to have to do something called foreign qualification, which is basically telling the state that you do live in that you have an LLC out of state. The foreign qualification process costs money, and it's going to result in you having to pay annual fees in your home state and the state that you registered in. So in most situations, it's best to just register in the state that you live in. Thanks, and follow me for more.

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