🏛️ Formation

Picking a state

Lesson 2 of 9 · 6 min read

Operating in your home state? Form there. Out-of-state formation = double filings.

Online business with no physical state? Wyoming ($100 fee, $60/yr, no state tax) or Delaware (VC standard, $300 franchise tax).

Non-resident founder? Wyoming (cheap, anonymous) or Delaware (if raising US capital).

Nevada and Florida are popular but rarely the right answer.

LLC vs C-Corp vs S-CorpOperating Agreements