LLC Formation Advice

Maybe you're comparing apples to oranges? It's pretty easy/cheap to set up a LLC in most US states on line.

You could go with an LLC instead of incorporating. There's less paperwork involved.

Yea probably doesn't make sense for just starting out.I think this might be the only option available right? Do you know of any other option perhaps cheaper than this?I think I can only promise at this point that if project becomes worth it ie. makes reasonably lot more than >1500 per year then the project might migrate to as such.I was seeing an estimates of 300$-400$ on internet and I assumed that was expensive (here, the MSME's don't even require a company formation

just use LLCs, much easier, one per startup. need almost no paperwork.

The cost for registering your business isn't too significant and you can do it online at something like bizfilings.com. Setting up the business isn't particularly the difficult task. When you set up an LLC (which is probably what you want to do), you need to draft an operating agreement that goes alongside your filing that defines how you will work with your members or shareholders. That's the expensive part that you'll need a lawyer for.Most small companies end up being an LLC or an S-corp.

Registering as a corporation may not be smart if you're planning on bringing some VCs on board. You'll likely end up having to reincorporate in some other state for some reasons. Even when you apply to YC the guidelines say its preferable that you haven't filed as a corporation. You can get a simple DBA for real cheap and still be considered a company. I started off at my local County building and paid only $5 plus another $90 for a 3 week required newspaper ad.But I'm not so sure this post t

Happy to do so.Longer thoughts here: https://stripe.com/atlas/guide#incorporationShort thoughts: in my official capacity I have to tell you that this is a legal question and you should talk to your qualified professional advisors, but unofficially, let me observe that you can form a sole member LLC in Nevada or Wyoming approximately as easy as buying a book from Amazon. You do

In my state you just need to file simple articles of incorporation with the Sec. of State and then keep up an annual fee. (If there are multiple people involved, you probably want to get them looked over by a lawyer in case disputes arise). The fees can vary significantly depending on the state you file in (NY and CA have especially high fees, since so many companies must incorporate there).Other than that you usually need a local address (which can be yours if you incorporate in the state

Wouldn’t it be worth forming the LLC in a state that doesn’t have ongoing fees and forms?

depends of what you are doing? do you expect to get sued from day one? check out legalzoom.com if you need to save money on registering the company