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Wyoming vs Nevada to form LLC?

Discussion in 'Making Money' started by Fierytycoon, Aug 5, 2017.

  1. Fierytycoon

    Fierytycoon Newbie

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    looking to form a LLC as a small online business selling animated videos.....anyone know the major pros and cons of going Wyoming vs Nevada?

    Every online source I've read seem to just have them being very closely similar without going into the detail about their differences
     
  2. varunmehra5

    varunmehra5 Registered Member

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    Why not Delaware?
     
  3. Fierytycoon

    Fierytycoon Newbie

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    From what I read, Delaware is more popular with huge businesses and for a business friendly court....taxwise and for anonymity its not as good as the other 2 states
     
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  4. varunmehra5

    varunmehra5 Registered Member

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    I didn't know this. Thanks for the information
     
  5. sully1975

    sully1975 Jr. VIP Jr. VIP Premium Member

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    Are you from the US? Most of the state llc differences are over-hyped. For the majority where ever you live in the US form a LLC there.

    Issues of Nexus for state income taxes as well as foreign filing that out of state to your locale in the state you reside. Plus you pay for a resident agent in NV plus NV state fees. You often pay double or more for some advantages which will never be called upon.

    http://info.legalzoom.com/compare-forming-llc-wyoming-nevada-3404.html
     
  6. Fierytycoon

    Fierytycoon Newbie

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    Yes I am from US
     
  7. dido555

    dido555 Newbie

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    Occupation:
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    Thanks for the info. Didn't know that