cheapest state to form llc w/ no tax?

[Goodboy13]

tryin to start my LLC but budget tighter than my ex’s grip on drama. which state has low reg fees + no income tax? tryna keep this thing legal-ish without going broke

 

[Labrat88]

tryin to start my LLC but budget tighter than my ex’s grip on drama. which state has low reg fees + no income tax? tryna keep this thing legal-ish without going broke

wyoming. straight up.

$100 to file, zero income tax, and you can run it from a hammock in fkn vietnam

 

[Goodboy13]

wyoming. straight up.

$100 to file, zero income tax, and you can run it from a hammock in fkn vietnam

$100? thought it was $50?

 

[Labrat88]

$100? thought it was $50?

used to be. they bumped it up. inflation even hits shell companies now bro

 

[LevelUpLarry]

also no annual report BS in wyoming until renewal, and you can file through agents who charge like $50/yr

so you stay ghost + broke in peace

 

[Steven Cohen]

also no annual report BS in wyoming until renewal, and you can file through agents who charge like $50/yr

so you stay ghost + broke in peace

yeah wyoming’s good if you’re broke

but if you’re planning to scale? maybe think bigger — no offense

 

[Goodboy13]

yeah wyoming’s good if you’re broke

but if you’re planning to scale? maybe think bigger — no offense

yeah wyoming’s good if you’re broke

but if you’re planning to scale? maybe think bigger — no offense

 

[Horkos]

nevada used to be decent for this too but now it’s just california’s shady cousin
expensive af and nosy as hell

 

[LevelUpLarry]

nevada used to be decent for this too but now it’s just california’s shady cousin
expensive af and nosy as hell

fr nevada turned into the IRS’s intern
asking for biz licenses like I’m opening a bakery

 

[Labrat88]

yeah wyoming’s good if you’re broke

but if you’re planning to scale? maybe think bigger — no offense

@StevenCohen always gotta flex huh

not everyone’s laundering ad revenue from 14 countries bro

 

[Steven Cohen]

@StevenCohen always gotta flex huh

not everyone’s laundering ad revenue from 14 countries bro

my bad, some of us think long term

you can keep your $99 LLC and hope it doesn’t collapse the moment Stripe sneezes

 

[Horkos]

yo relax
both of y’all sound like divorced crypto dads

 

[Goodboy13]

yo relax
both of y’all sound like divorced crypto dads

not me sipping cold brew while my “digital retail consultancy” gets paid in Monero

 

[Labrat88]

not me sipping cold brew while my “digital retail consultancy” gets paid in Monero

what do you even consult on lmao

 

[Goodboy13]

what do you even consult on lmao

how to disappear before tax season hits

 

[Labrat88]

how to disappear before tax season hits

 

[Steven Cohen]

look, low cost = wyoming

but if you want to eventually open a US bank account, you better set it up clean

else you’re just filing memes with a state seal

 

[LevelUpLarry]

look, low cost = wyoming

but if you want to eventually open a US bank account, you better set it up clean

else you’re just filing memes with a state seal

ok but let’s not pretend Delaware isn’t also trash for broke people
$300 franchise tax for what? prestige?

 

[Horkos]

ok but let’s not pretend Delaware isn’t also trash for broke people
$300 franchise tax for what? prestige?

delaware = pay more to look important
wyoming = pay less to be left alone

 

[Labrat88]

look, low cost = wyoming

but if you want to eventually open a US bank account, you better set it up clean

else you’re just filing memes with a state seal

alright cool but what if I wanna flip Shopify stores under the LLC

do I need EIN right away or can I just fake invoices till I get a payout?