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Written by : Jon Lorenzana |
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hi everyone I'm attorney Aiden Kramer with the law office of Aiden Kramer in Colorado and you're watching all up in your business I've made a few videos recently talking about locations of LLC's and where you should form an LLC talking about Delaware Nevada Wyoming and how to choose the proper location to form your LLC and those videos brought up questions from you guys about certain types of businesses like e-commerce business or virtual businesses where you don't really have a location for your business and your clients are all over the place and a lot of you were wondering where do I form my LLC in this instance when I don't have an office or an actual physical location if you don't have a real physical location for your office or if you work all over the place you travel around a lot go to clients a lot or you just travel and work from different states then the first place to start is with your home state the state that you consider to be a residence of that's typically going to be the state where you want to form your LLC and this applies even if you have a home office just because you don't have an actual physical formal office in an office building but your office is in your home your home is still your office so that's where your business is physically located or if you travel around a lot for work but most of the administrative work is done at your home office or if your physical files are kept at your home office then that's your office and that's where your LLC is physically located if you truly have no home maybe you're just a nomad and you're constantly on the go living out of your car then I guess in that instance you can really just pick a state whatever state works best for you whether the Delaware Wyoming the state that you were recently in whichever one you prefer that would be fine you would still for most states need a physical location address though so you would need to get either like a virtual office setup or maybe a p.o box a mailbox something like that so you have an address but for most virtual or e-commerce businesses you're gonna have some base somewhere somewhere that you go back to and do a good deal of your work whether it's your home or a coffee shop down the road if that's where you do most to your business and that's the state that your business is in that doesn't mean that your business is located at the coffee shop down the road but in that state is where you get most of your business done and so forming the LLC in that state would be appropriate and you would use either your home address or a mailbox or post office address something like that so you have a location registered with the state and in any of those instances if you really do travel around a hundred percent of the time and you pick a random state to form the LLC in make sure that with whatever option you go with you will need a registered agent in that state that you form in so if you travel around all the time but you form your LLC and Delaware Delaware is gonna require that you have a registered agent who's physically located in Delaware so you would need to find a registered agent service or someone that offers registered agent services in Delaware to use them as your registered agent so the easiest way to put it is if you don't have a physical location for your business start with your home start with wherever you live the state that you live in that's often the best place to begin if you are starting a business in Colorado and would like some assistance figuring out if you need to form in Colorado or somewhere else feel free to contact me my contact info is right here be sure to subscribe to my channel so you don't miss the next dramatic episode of all up in your business and thank you all so much for watching I'm Aiden Kramer and I'll see you next time
Thanks for your comment Eloy Goglia, have a nice day.
- Jon Lorenzana, Staff Member
hi I'm Lee Phillips here question we're going to talk about today is is a limited liability company an LLC Incorporated the answer is yes and no we're mixing up terms is what we're doing the limited liability company the LLC is not incorporated it is registered with the state and you get a certificate from the state just like when you file a corporation structure with the state you get a certificate back from the state saying yep your corporation you file articles of corporation incorporation with the state to set up the corporation you incorporate or in an LLC the terminology is not set up articles of incorporation or file articles of incorporation but you file articles of organization or sometimes they call it a certificate of organization in pens on which state you're in yeah the process is basically identical in the forms for the corporation and the LLC are almost the same so yeah in a sense we're incorporating the LLC but no we're not incorporating the LLC because we're filing the articles of organization we're creating an LLC at the state level once you've got the state filing and you've paid the fees and all of that stuff then you need to continue on in the corporation you continue on with the why laws and the organizational meeting and the minutes to the meeting and you authorize the officers or directors you like them and you appoint the president you do all of that stuff well you got to keep going in the LLC as well once the state recognizes the LLC filing to now have an operating agreement same as the bylaws sorter and you should probably have the organizational meeting and you should authorize not the office of directors of president but you should authorize the manager to go down and set up the bank account and do all of this stuff so we're basically running on parallel paths between the corporation and the LLC but we're using different terminology so is an LLC incorporated yeah no same process different terminology
Thanks Bret your participation is very much appreciated
- Jon Lorenzana
About the author
I've studied pest control at Misericordia University in Dallas and I am an expert in museum education. I usually feel touched. My previous job was orthodontist (md) I held this position for 6 years, I love talking about crocheting and lock picking. Huge fan of Davina McCall I practice handball and collect butterflies.
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