where to form a LLC?

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April 19, 2021

by a searcher from The University of Michigan - Stephen M. Ross School of Business in Chicago, IL, USA

Hi - I'm just starting my search process. Any tips on deciding where to form your LLC to kick start your search process? Would love to hear about your thought process or any resources to help evaluate. Once that, do you use a registered agent service? Thank you!

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Reply by an admin
from Stanford University in Honolulu, HI, USA
Hi, ^redacted‌: Here is our prior thread on this topic: https://www.searchfunder.com/post/whats-the-best-state-to-set-up-an-llc-in. Also, you'll want to check our live stream on Common Mistakes Searchers Make featuring ^redacted‌of the Goodwin firm. We also have interviews with ^redacted‌: Top Mistakes Searchers Make: https://www.searchfunder.com/post/interview-top-mistakes-searchers-make and Top Legal Issues Searchers Face: https://www.searchfunder.com/post/top-legal-issues-searchers-face
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Reply by a searcher
from Columbia University in New York, NY, USA
^redacted‌ Delaware is the favored option, particular for C-Corps that are issuing shares (as is common in ownership structures for acquisitions).

However, if you're self funding and forming a searching organization, you have a lot more opportunities and may want to consider some of the advantages of your home state. I found this to be an invaluable resource for LLC formation research: https://www.llcuniversity.com/

Also, a friend of mine wrote this article clarifying some of the LLC formation questions that come up for new businesses: https://nickgray.net/best-llc/
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