1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Registring an LLC , Delaware ?

Discussion in 'Business & Tax Advice' started by d4l1t0s, Mar 30, 2012.

  1. d4l1t0s

    d4l1t0s Power Member

    Joined:
    Jan 15, 2009
    Messages:
    560
    Likes Received:
    290
    Occupation:
    Money Maker
    Location:
    Montreal
    I am going to register an LLC . I am thinking between Delaware and New Mexico?
    I did some research and both seems good . If anyone can point the pros and cons of each that would be helpful . Also since I live in Canada , I believe I need to go through someone to register the LLC . Anyone did this before and which service do you recommend for registering the LLC .
    Thanks
     
  2. EmpireQuality

    EmpireQuality Elite Member

    Joined:
    Jan 18, 2010
    Messages:
    1,903
    Likes Received:
    383
    Delaware and Nevada are the 2 best states to register your LLC in. most large companies, including walmart, are registered in these 2 states. they provide your company with much more protection and a lot of corporate benefits. i personally registered my llc in las vegas and everything went well.
     
    • Thanks Thanks x 2
  3. CloneX

    CloneX Power Member

    Joined:
    Mar 31, 2012
    Messages:
    597
    Likes Received:
    228
    I believe Incorporate can help you.

    Not sure, though.
     
    • Thanks Thanks x 1
  4. ajithrocksca

    ajithrocksca Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 23, 2010
    Messages:
    1,102
    Likes Received:
    590
    Occupation:
    full time internet marketer
    Location:
    Jersey City
    Delaware is the best state to register your llc. I registered my business in Delaware, even non residents from other countries can do it. Find a good Incorporater to do it for you. Don't spend more it takes no more than 250 dollars for everything (Including mailing services and an office address at delaware)
     
    • Thanks Thanks x 4
  5. Checkmate

    Checkmate Elite Member

    Joined:
    Aug 9, 2010
    Messages:
    1,534
    Likes Received:
    637
    If you register in another state is there any other taxes, laws that apply?

    Like let's say I live in California and register in Delaware, can I conduct all my business in California?
     
    • Thanks Thanks x 1
  6. Raven13

    Raven13 Power Member

    Joined:
    May 31, 2011
    Messages:
    635
    Likes Received:
    402
    Occupation:
    Online Business coaching & Consulting.
    Location:
    Location independant (Now: Rio de janeiro)
    Home Page:
    I just registred my L.L.C in Delaware (i'm from north africa by the way) the process took 5 days(2days processing/3 days fedex legal papers delivery) today I recieved via Fedex all the legal papers today.
    The advantage in Delaware is that you can register while being non resident, and you don't pay tax. Send me PM i'll oriente you to the Incorporator I used, they are very serious, reactive to emails, and the price is pretty correct:

    $90 filing fee for LLCs
    $99 Registred agent fee
    $48 mail forwarding (12 mails/annualy)

    Now I'll I need is the EIN number but i can get it by myself (I think they charge $100 if you want them to do it for you)

    If you need more info send me PM ;)
     
    • Thanks Thanks x 6
  7. d4l1t0s

    d4l1t0s Power Member

    Joined:
    Jan 15, 2009
    Messages:
    560
    Likes Received:
    290
    Occupation:
    Money Maker
    Location:
    Montreal
    Pmed You

    If anyone can refer me to trusty service to register the LLC in Delaware please post in here or PM me .
    Thanks
     
  8. awtprod

    awtprod Junior Member

    Joined:
    Apr 2, 2011
    Messages:
    155
    Likes Received:
    114
    Home Page:
    You're suppose to register as a foreign LLC in each state you conduct business in. You'd have to look up the laws in your state to see how exactly things are done.
     
  9. ViperVin

    ViperVin Regular Member

    Joined:
    Apr 21, 2008
    Messages:
    483
    Likes Received:
    252
    Location:
    Bay Area, CA
    Did mine through Delaware last week and I live in California. Went through an attorney though so paid a lot more than a service.
     
  10. dryheat360

    dryheat360 Regular Member

    Joined:
    Dec 30, 2009
    Messages:
    294
    Likes Received:
    211
    legalzoom.com anyone? $99 to $300 depending on package

    Oh, and I thought people register in Delaware by default lol. Didn't know people did it in their home state :eek:
     
  11. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    786
    Likes Received:
    1,417
    You can go to the secretary of state's website and either file online or print the forms and fill them out and send them in. Most of the states only charge around $100-$150 to start a LLC.
     
  12. Raven13

    Raven13 Power Member

    Joined:
    May 31, 2011
    Messages:
    635
    Likes Received:
    402
    Occupation:
    Online Business coaching & Consulting.
    Location:
    Location independant (Now: Rio de janeiro)
    Home Page:
    PM sent guys :)
     
    • Thanks Thanks x 1
  13. misscaprice

    misscaprice Newbie

    Joined:
    Feb 8, 2011
    Messages:
    38
    Likes Received:
    13
    This is really cheap, what is included in that service?.
    I pay sth like 300$+100$ postage fees


    OP, choose between Delaware and Nevada. You can see the difference between those here: incnow.com/nevada/delaware_vs_nevada.shtml
     
  14. misscaprice

    misscaprice Newbie

    Joined:
    Feb 8, 2011
    Messages:
    38
    Likes Received:
    13
    Many companies file your documents for free
    Apart from the state incorporation fee, you will also need:
    - registered agent
    - office and mail forwarding
    - corporate kit (embosser and minutes meeting)

    Do not pay to someone to issue EIN. EIN is issued by the irs.gov - it takes about 30 minutes over the phone.
     
  15. Dark Knight

    Dark Knight Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 15, 2009
    Messages:
    731
    Likes Received:
    1,194
    Oky guys I have a LLC open in Delaware and I live in NY, so when I went to bank for open an account they said I can't open an account in NY cause the LLC located in Delaware. So what should I do!!!
     
  16. goredbull

    goredbull Junior Member

    Joined:
    Sep 1, 2009
    Messages:
    177
    Likes Received:
    77
    Occupation:
    Working as a Salesman
    Location:
    Texas
    you can open up a bank a/c with brances in NY like HSBC OR ICICI
     
  17. Checkmate

    Checkmate Elite Member

    Joined:
    Aug 9, 2010
    Messages:
    1,534
    Likes Received:
    637
    Can't you is a major bank like Chase so you can access your funds from any Chase branch?

    I'm not sure how that works exactly though.

    Side note: If you call LegalZoom they will advise you free on what you should do with your LLC. They also have a service where you can speak to a lawyer for $30 for 30 minutes which they advised me to do.
     
  18. BigEasy

    BigEasy Junior Member

    Joined:
    Dec 30, 2009
    Messages:
    119
    Likes Received:
    37
    I looked at legal zoom to do mine. I did mine in my home state of Louisiana. I just went to the Secretary of States website and filed it all online. It only cost $80 and was approved in like 15 minutes.
     
  19. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    786
    Likes Received:
    1,417

    The registered agent can be yourself,you don't need to pay someone to do it.

    @ Dark Knight, go to chase,bank of america,etrade or any banks that are national,and just apply online.
     
  20. awtprod

    awtprod Junior Member

    Joined:
    Apr 2, 2011
    Messages:
    155
    Likes Received:
    114
    Home Page:
    NY still requires you to have a "newspaper announcement" as a foreign LLC. So, it doesn't make much sense to register in Delaware. Of course this is if you want to do things legitimately...