New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.

Answers

Nevada or Florida for LLC?

Asked by: Tom  — 9 October, 2012

Witch state would be better to form an LLC, Nevada or Florida?

Answered by: admin  — 9 October, 2012

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.

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0