LLC in Nevada or Any Other State

[Tim Zbaracki]

I've heard from many sources (Than Merrill, Nick Vertucci, etc.) that you can create an LLC, s-corp or c-corp in places like Nevada, and a few other states, because there is less tax, and they are business friendly, even though you may live in another state. I had a friend ask me more specifics, but wasn't able to convey that, as I heard the information more than a year ago. I am curious as to the specific reasons to LLC in Nevada, as opposed to, say, Colorado or Virginia, for sake of argument. Thanks!

[Bill S.]

Originally posted by @Tim Zbaracki:

I've heard from many sources (Than Merrill, Nick Vertucci, etc.) that you can create an LLC, s-corp or c-corp in places like Nevada, and a few other states, because there is less tax, and they are business friendly, even though you may live in another state. I had a friend ask me more specifics, but wasn't able to convey that, as I heard the information more than a year ago. I am curious as to the specific reasons to LLC in Nevada, as opposed to, say, Colorado or Virginia, for sake of argument. Thanks!

So without trying to get in the weeds, you should read the propaganda by those proposing these structures as they will sell the best argument for their product. Now to specifically answer your question as I understand it, a Wyoming or Nevada LLC allows anonymity of ownership as well as having favorable tax structure for the entities.

Before you jump in and run down that road you should do some reading on the topic. The search feature (while not the greatest) is helpful for finding previous posts on the topic which can provide insight and education.