5 Best States to Start an LLC

2. Nevada

Business Tax Climate Score: 5.93

Cumulative 10 Year Job Growth Rate: 35.7%

Nevada is among the best states to start an LLC. As per the law in Nevada, the state does not imply any federal tax on income for limited liability companies. Members are supposed to pay personal income and self-employment taxes on their personal earnings from the LLC. It costs $75 to form a limited liability company in Nevada. Along with tax-friendly policies, the state enjoys a business-friendly environment as well. However, a limited liability company must pay a commerce tax if it is earning more than $4 million in gross revenue.