Legal Question in Business Law in Nevada
Formation of an LLC
As a legal resident of Texas, what are the advantages
or disadvantages of forming an LLC in the states of
Nevada or Wyoming?
2 Answers from Attorneys
Re: Formation of an LLC
I'm not licensed in either NV or WY so I will limit this answer to Texas law. If you form your LLC in another state, but do business in Texas, then you will have to register as a foreign LLC, obtain a Texas Certificate of Authority and pay the associated filing fees (which are several hundred dollars) in addition to franchise taxes. If you're planning to do business in Texas, I would recommend your thinking about forming the LLC in Texas. Feel free to contact us if you want information about forming an LLC here.
Re: Formation of an LLC
No Tax
No Taxes on Members ownership
No Franchise Tax
No Personal Income Tax
No I.R.S. Information Sharing Agreement
Nominal Annual Fees
Minimal Reporting and Disclosure Requirements
A non-resident may file.
For more information on filing, go to my website at www.shermanlawoffices.bigstep.com or contact me at [email protected]
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