The 3 Best States to Start an LLC

1) Delaware

The first item on our list is Delaware, which has a reputation as being very favorable to business. In fact, more than 50 percent of the publicly-traded firms in the US are incorporated in Delaware, and around 63 percent of Fortune 500 companies follow suit. This state especially favors LLCs due to the small filing fees that are required and the absence of corporate income taxes for foreign LLCs. So if your business is not located in Delaware, this is surely an attractive option thanks to the low franchise taxes and overall pro-business environment. In addition, the lack of residency mandates allow out-of-state business to register LLCs with no inconvenience. Finally, Delaware stands out thanks to its separate court for business matters, which not only has more than 200 years of experience settling disputes, but also has the benefit of solving cases quickly thanks to the expertise of its judges.