If you’re thinking about the formation of LLC (Limited Liability Company), did you know that you do not have to legally establish the business incorporation in your home state? You certainly can, if you want, but before you file the necessary paperwork, you may want to investigate an LLC formation in a more corporate-friendly state. The experts of Your Entity Solution provide entrepreneurs and business owners with the necessary guidance to create the best business structure for their needs. For example, did you know that after Delaware and Nevada, Florida is the next corporate-friendly state in the nation to form an LLC? Below are just a few of the advantages of incorporating an LLC in Delaware and Florida. Should You Create a Florida LLC Formation or a Delaware LLC Formation? In Florida, corporate ending names are limited to: Corporation, Incorporated, Company and their respective abbreviations. In Delaware, LLC’s can choose from: Limited Liability Company, LLC, L.L.C., and Delaware corporations can choose from Inc., Inc, Incorporated, Corp., Corp, Corporation, Co., Co, Company, Ltd., Ltd, Limited, Assoc. and Association. The Florida Secretary of State does not require LLC’s to divulge the names or addresses of directors, officers or shareholders, which means you can conduct business here anonymously. For some companies, that’s a big plus. There is no personal income tax, so shareholders would not be taxed on corporate earnings. A single person can hold all offices of the corporation, such as president, secretary, treasurer, and director. None of the members, officers or shareholders need to reside in the state as long as a registered agent resides there. Delaware is by far the most preferred state for business incorporation because it boasts a long, established history when it comes to corporate law. It’s the most litigation-friendly state in the country. The initial cost of incorporation in Delaware can be as little as $90. There is no income tax for corporations that are incorporated in Delaware. You can incorporate in Delaware but conduct transactions out of state. The minimum number of directors permitted in Delaware is one. None of the members, officers or shareholders need to reside in the state as long as a registered agent resides there. Unlimited stock of any par value is allowed. Corporate meetings and activities can be held out of state. A single person can hold all offices of the corporation, such as president, secretary, treasurer, and director. Shares of a Delaware corporation owned by people residing out of Delaware are not subject to taxation. In addition to offering advice about which state to incorporate in, Your Entity Solution provides these services: • Business Incorporation • LLC Formation • Florida LLC Formation • Delaware LLC Formation • Structural Coaching • Entity Formation • Education • Minutes Services • Resident Agent Service • Entity Rescue • Nevada Annual Filing Assistance • Nevada Bank Account Setup Assistance (limited) • Nevada Nominee Services • Getting Started Package • Exclusive Member-Only Perks They also offer other valuable solutions through their network of affiliations, including: • Tax Strategy • Tax Preparation • Bookkeeping Services • Estate Planning Services • Business Planning Services • Asset Protection