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Updated about 5 years ago on . Most recent reply

User Stats

84
Posts
28
Votes
Chris Berry
  • Investor
  • Center Moriches, NY
28
Votes |
84
Posts

Forming an llc please help

Chris Berry
  • Investor
  • Center Moriches, NY
Posted

I'm looking to form an llc with a friend.  I'm currently an FL resident and he's a NY resident.  I know the taxes are much better here in FL.  Which would be the better state to form it? I appreciate the feedback

Most Popular Reply

User Stats

129
Posts
127
Votes
Ryan Chatman
  • Investor
  • Lehigh Valley, PA
127
Votes |
129
Posts
Ryan Chatman
  • Investor
  • Lehigh Valley, PA
Replied

@Chris Berry I agree with @Rachel H. that you should form the LLC in the state you will be doing business (Sounds like it's North Carolina). If I were choosing strictly between NY & FL, I would definitely choose Florida- NY has more taxes & restrictions. Lastly, NC is likely more favorable than both FL & NY from a tax & fees perspective.

Here is the info on filing LLCs/Corporations in NC:

https://www.sosnc.gov/Guides/l...

At the bottom of the above link you will find the forms & fees. You can even create an account with their website and file your registration online i believe here:

https://www.sosnc.gov/Guides/a...

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