As a US citizen/resident it’s better to form an LLC in your own state. But some cases such as if you’re doing online business and lives in California then you should not go with CA LLC as it has $800 renewals annually. So it’s better to find such a state where has low LLC filling fees and has no sales/income tax or has no/low renewals annually. In these cases Wyoming, New Mexico and Delaware are the best overall.
And for the non US residents it always better to form their LLC to Wyoming/New Mexico/Delaware.
Difference between Wyoming LLC vs New Mexico vs Delaware LLC –
Wyoming has $102 LLC formation fee (government fee), but New Mexico has $50 and Delaware has $110.
Wyoming has $60 renewals annually, but New Mexico has ZERO renewals annually and Delaware has $300.
Wyoming has no sales tax, also New Mexico has no sales tax. And Delaware does not impose a sales tax.
Wyoming has no income tax, but New Mexico has 1.7% to 5.9% depending on your total income. And Delaware LLCs are taxed as pass-through entities, meaning that the LLC itself does not pay income tax.
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Now the final choice is yours. You can form your LLC in Wyoming or New Mexico or Delaware. All are good to go and I already discussed everything about them.
Form an LLC from here : https://llctutor.com/llc-registration/
or,
Watch this video tutorial :
Still if you have any questions then please contact with us.