WHATS SO GOOD ABOUT HAVING AN LLC IN FLORIDA VS TEXAS.

[Giovanni Luna]

What is so good about having a single member LLC in florida vs Texas? Texas costs $300 to form vs Florida at $150 and they to have state income tax both very flexible. Does anyone have better information on this subject?

[James Miller]

Texas has charging order protection that's fantastic. It has excellent series LLC laws. A TX LLC has no entity state income tax until you hit approx $1.1M in gross revnue. It has no state annual maintenance fee. TX LLC law allows single members the same asset protection rules as multi-member LLCs. It's very hard to pierce the LLC veil in TX. It's in TX statutes that an LLC member and the LLC can't be parties in the same lawsuit unless the member is suing the LLC or the LLC is suing the member. Those are just a few reasons TX LLCs are powerful legal tools.