The 3 Best States to Start an LLC

3) Wyoming

Wyoming is very similar to Nevada in terms of its business-friendly environment, with minimal reporting obligations being just the tip of the iceberg. Annual meetings can take place outside the state, and the privacy of LLC owners is championed above all else. Lifetime proxies for example are recognized by the state, and can help to further shield the identity and assets of owners, while still allowing them to exercise their voting rights. In addition, Wyoming does not burden businesses with corporate income, personal income, or franchise taxes, making it a very attractive location to start an LLC.