LLC Questions.

[Kyle Evans]

Hi, My name is Kyle Evans and I want to form an LLC in Nevada as a lot of investors have told me that's the place you want to register it at for tax reasons....Question is what if they ask for an address? I live in Chicago. Also, If I form the LLC in Nevada I can do business all across the US correct? I plan on flipping and buying rentals for the most part.

Thanks,

Kyle

[Jean G.]

Hello,

just adding my 2 cents: $200 for just registered agent is too much (unless it includes business mail forwarding or nominee Directors). There are plenty of registered agents for $80/year. I've been using these guys for nearly 15 years: http://val-u-corp.com/ They will charge you $80 in fees above the state mandatory fees to incorporate, but since that includes the first year of registered agent service, you're basically getting the company incorporated for free (ie just the state fees).

On another note, you will need to register your company in your home state if you're doing business there, and if your home state charges taxes, they will want to tax you on the income that the business generates in your home state, even if Nevada doesn't have income taxes.

Jean