A reader asks: What is the best state to incorporate an LLC? I have a plan for a website in which the only source of revenue will be from ads, so the revenue stream won’t be coming from a particular state. I’ve heard Nevada, based on their tax laws, is the best state in terms of starting a small business, but what do you think?
Answer: Although Nevada does not levy personal, business or corporate income taxes, that doesn’t automatically make it the right choice. When deciding which state to incorporate in, there are a number of things you should look at. Included among those are:
State laws regarding corporate governance – An LLC is a corporate entity that generally has the tax flow-through benefits of a partnership while maintaining the legal protections of a corporation. Like a corporation, an LLC is a legal fiction, which means that it is a person that exists purely by creation by state statute.
To read the full, original article click on this link: Where should you incorporate your LLC? | VentureBeat
