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Nevada or Florida for LLC?

Asked by: Tom - 9 October, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Witch state would be better to form an LLC, Nevada or Florida?
Answered by: Ray Albert - 10 October, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Tom,

Without knowing the nature of your business, it's hard for me to answer this question directly. Here are some thoughts about those states:

Generally speaking, Nevada is a great state if you have a strong nexus there, such as a real estate property, office or you are conducting physical business in the state. If you do not have a strong physical presence in the state, Nevada can be an expensive state to incorporate and maintain your business in. So purely from price perspective Florida would be a more cost-effective state to register and maintain your LLC. 

As I said, without knowing the nature of your business it's hard to say which would be better in your situation.

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