Finding The Best States for Incorporation Infographic
Finding the Best States for Incorporation
1. Wyoming
- $100 basic corporation filing
- Pro-privacy and extremely low taxation
- Imposes only minimal annual fee of $50
- Most hassle-free and low expense corporation state in the nation
- Non-profit tax research group, the Tax Foundation voted Wyoming “the most business-friendly tax system of any state”
2. Nevada
- $75 basic corporation filing
- Traditionally pro- privacy and low-tax
- No information sharing agreement with the IRS
- Minimal reporting and disclosure obligations upon owners and managers
- Nevada carries only a slightly higher ongoing cost compared to Wyoming
3. Delaware
- $89 basic corporation filing
- Best choice for owners that want to take their company all the way to Wall Street
- Annual franchise tax can be confusing
- Great privacy protections with familiar, sensible laws
4. Montana
- $70 minimum corporation filing
- Low taxes, fees and reporting burdens
5. Florida
- $70 basic corporation filing
- Best website and online services in the nation – offers a searchable database of documents
- Filings can be done online in seconds
6. New Mexico
“Invisible LLC” – a New Mexico LLC that does not require any public disclosure of either officers or owners–the most private LLC available in the US
Source:
https://www.gimmelaw.com/what-is-the-best-state-to-form-a-corporation
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