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starting an llc by yourself is easy but maybe you don't want to go through the process on your own llc formation services can help you get your llc formed and the best filing service can also provide you with affordable features such as an employer identification number and registered agent services before we get to reviewing the services let me just say this in addition to reviewing these services the affiliate links in our description are deals we personally negotiated with these companies so we're able to offer an exclusive tourig discount to get you the best price anywhere using our links also provides you with a much easier and streamlined process so if you decide to use one of these services for your business formation make sure to use our links instead of going directly to their website in this video we'll briefly go over our top five llc formation services and the advantages of each as well as touch on the number one mistake people make when forming a business for a more detailed breakdown of each of these formation services check out our llc formation services page below to start the biggest mistake people make when forming a business is not checking the availability of their business name by not checking ahead of time you might start the formation process only to find out the names not available so check out truex business name generator it's a free name generator that you can use to check the availability of your business's name it also automatically checks to see if that name is available as a website domain which may change your decision on whether or not that's the name you want to use now onto the formation services there are dozens of online formation services that will start your business for a fee we reviewed and ranked the five best llc services and to do this we actually formed separate llcs with each service well when i say we i mean someone else at the company i don't have five llc's choosing the best llc service to help you form your small business comes down to three things the type of business you have the needs of your business and additional services you may want for your business the five services we'll be looking at are northwest zen business inc file rocket lawyer and legalzoom let's start with northwest northwest delivers all the llc services that are essential for online business formation their incorporation service is 39 plus state fees and it includes llc filing premium registered agent services customer privacy protection an online account to access business documents and more northwest is also known for their top-notch customer service they provide their clients with corporate guides who are highly trained us-based support agents every customer gets a corporate guide assigned to their specific account so you can talk to the same person if you have any questions or concerns now on to zen business based on overall quality we highly recommend zen business when starting an llc online zen business offers company formation packages starting at only 39 dollars per year plus any state fees the biggest selling points for zen business are their straightforward and affordable llc formation packages their responsive customer support and their high quality registered agent services there are a couple different packages you can pick from but all of them include registered agent services free operating agreement and worry-free cpa assessment all in all the formation service offers an outstanding deal for entrepreneurs and small business owners zen business llc packages include more valuable features you can find a plethora of positive feedback online and the company offers a seamless customer experience next we'll look at inkfile similar to zenbusiness inkfile provides a great value and their basic pricing plan for llc services here are some of inkfile's advantages you get a full year of registered agent service for free in all packages after that year it's 119 a year which is still on the less expensive end of registered agent pricing inkfile offers a real-time order tracking tool and quality customer support and the company provides a user-friendly online dashboard to help you track important deadlines and compliance reminders now we'll look at rocket lawyer although northwest is the better option for simply forming a small business rocket lawyer is the best choice if you want ongoing legal services past llc creation here are some of the advantages of rocket lawyer the truic and rocket lawyer new business bundle offers an exclusive discount if you want to try the legal services subscription package which includes llc formation service at no cost the seven day trial removes any risk and rocket lawyer provides excellent customer service rocket lawyer sets itself apart by offering a subscription-based model for ongoing legal services with premium members gaining access to legal documents advice and more we've negotiated a deal to bundle rocket lawyers premium membership services into an exclusive package for our users at the discounted price of 349.99 plus any state fees you'll save about 300 by choosing our new business bundle the final formation service we'll look at is legalzoom legalzoom is one of the most recognized business formation services the company is more focused on full legal services beyond just llc creation legalzoom has established itself as one of the most popular llc services which gives the company brand authority also legalzoom offers more legal services than other llc formation companies legalzoom's llc formation packages start at 79 plus state fees they'll provide basic llc filing services but they don't include as many features as other formation companies you'll have to pay extra for services such as an ein operating agreement and registered agent services overall going with an established name like legalzoom comes at a higher cost if you prefer to use a company with brand power and are willing to pay significantly more to form an llc online consider choosing legalzoom if you want to start a business on your own the process is easy but if you don't want to there are formation services out there to do it for you we chose northwest as the best llc service for small businesses the combination of great customer reviews a user-friendly online ordering process and no hidden fees make the business formation service a great choice when forming an llc online we also chose rocket lawyer as the best choice if you need ongoing legal services for your business through a partnership with rocket lawyer we're offering an exclusive deal for our users which includes free incorporation services and high quality legal help beyond business formation and don't forget if you decide that one of these services sounds right for you use our links for an exclusive true discount and a much easier formation process for a more detailed breakdown on the different formation services check out our website at howtostartinllc.com there we also provide all sorts of free resources and guides to help with the formation and operation of your business good luck with your small business you
Thanks for your comment Kristian Lacuesta, have a nice day.
- Kent Bab, Staff Member
what is the best state to form an llc in watch this video and find out hey i'm quran from life accounting the number one firm for financial education do me a favor go ahead and like this video for me so others can find it on youtube and subscribe for the best financial content you can find okay let's jump right into it to truly answer the question what is the best day to form an llc we actually need to answer two questions the first question is literally what is the best state to form an llc in but the second question is what is the best state for you to form an llc you'd be surprised that those are two different questions that actually have two different answers let's talk about it starting with the first question what is the best state to form an llc well there are three places in the united states that are known to be the best state to form an llc in and all three have their own appeal starting with the first and most popular choice delaware and for good reason delaware has very low registration fees and franchise taxes also delaware does not tax out-of-state income meaning delaware llcs who do no business in delaware or a non-significant amount of business in delaware can see enormous tax savings delaware also has something called a chancery court you see a chancery court is a court that only handles business cases so business disputes are handled much quicker than other parts of the country and the judges are extremely knowledgeable about business law i mean that's all they do making delaware one of the most business friendly states for llcs now the second best state to form an llc in is nevada yes home to viva las vegas nevada has no state income taxes no taxes on business profits no corporate taxes no taxes on capital gains and no franchise taxes additionally unlike some states nevada does not require llcs to hold annual meetings or have an operating agreement to remain compliant though i fully recommend that you have an operating agreement for your llc even if your state does not require it now nevada also bakes privacy into their llc benefit as they don't require you to disclose the owner of the llc when forming one and does not share formal information with the irs making nevada a great place to have privacy as an llc but an even better place to save on taxes as an individual and llc business owner but if your main goal is privacy the best place to form an llc is actually number three on the list and that's wyoming yup wyoming is quickly becoming more and more popular as people think about asset protection so what makes wyoming so great for privacy and asset protection well wyoming is the only state that allows for what is known as a lifetime proxy which allows you to control the llc through someone else who owns a membership interest meaning the managers and the members of the llc do not have to disclose who they are but can still control the llc additionally wyoming is one of the few states that offer liability protection for single member llcs and as a little cherry on top for wyoming llcs wyoming also has no business income or franchise taxes by the way while we're talking about starting at llc be sure to check out our free training where we show you how to start a six figure business with only 250 i've done it and i'm happy to show you how to do it as well and that free training link in the description okay back to the video so now that you know the three best places to form an llc let's answer the second question where exactly should you form your llc and the answer is actually quite simple for most people you should form your llc where you live aka your home state now there are three exceptions that i'll go over in just a second but once again for most people you should form your llc where you live so quran you're telling me i shouldn't form my llc in nevada delaware or wyoming if i don't live there yep that's exactly what i'm saying for example if you live in california i know the registration fees are simply outrageous but you should form your llc in california here's why if you register your llc outside of your home state but still meet the qualifications for doing business in your home state well you will have to register as a foreign llc in your home state meaning you will have to register in both states so not only will you pay registration fees in both states you may also have to pay annual reporting fees in both states and maintain both llc's which can get quite expensive and if you form your llc in another state to take advantage of low or non-existent business taxes well think again because you pay taxes where you conduct business and not where your llc is formed meaning if you do not conduct business in a state where you formed your business you will simply end up paying taxes based on your home state's laws this concept applies to online businesses as well so when does it make sense to form an llc in another state if you don't live there well here are the three scenarios where it makes sense if you want to remain anonymous you will want to form an llc in wyoming or nevada and have the wyoming or nevada llc own the llc that is registered in your home state once again in those two places you do not have to disclose who owns the llc now if you're in real estate you want to form an llc where the investment is located as all business for the property will be conducted in that state and lastly if you are not a us resident but own a business in the united states you should likely form an llc in wyoming as it has the most foreigner friendly laws well there you have it the best day to form an llc if you found this video helpful do me a favor and hit that like button for me it helps others to find this video on youtube and subscribe to the channel for more financial information that helps you save on taxes and create more profit in your business also be sure to check out the free training from life accounting where we show you how to start a six-figure business with only two hundred and fifty dollars once again it's free and you can find the link in the description below
Thanks Kasi your participation is very much appreciated
- Kent Bab
About the author
I've studied embryology at Rocky Vista University in Parker and I am an expert in aquaculture. I usually feel flirty. My previous job was highway maintenance worker I held this position for 20 years, I love talking about social studies and lawn darts. Huge fan of Lake Bell I practice hurling and collect minerals.
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