Originally Delaware had very good corporate protection. For years, it made sense to form an LLC or corporation there. The Limited Liability Company was originally conceived and formed in Wyoming, so of course thirty years ago it made sense that one of the best states form LLC was Wyoming. Nevada got on board quickly and made their company privacy and tax laws very favorable. It didn’t take the other states very long to realize that they were losing company business to these three states. Today all of the states have passed laws that make LLC formation competitive with Delaware, Nevada and Wyoming.
Read more →Limited Liability Companies (LLCs) are probably the most flexible business entities available today. Why form a LLC? Because you get a better asset protection than with most other business entities. If you form a LLC correctly you will also get better accounting options plus the LLC will be a lot easier to maintain than a corporation.
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