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Where in US would be best to register a company? - Page 2
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Where in US would be best to register a company?

2

Comments

  • qpsqps Member, Host Rep

    You might look into something like this: https://stripe.com/atlas

    Thanked by 1jiggawatt
  • jiggawattjiggawatt Member
    edited December 2022

    @ivlad said:

    @jiggawattz said: No, you hire a registered agent, not a lawyer.

    A lawyer helped me. Cost me $150. Registered agents are not the only way.

    Incorrect, there needs to be a designated registered agent for the company in the State, but it could be a lawyer performing that function. But it’s not necessary to have a lawyer. Registered agents are competent to do all the initial filing. That is a part of their service.

    OP already knows what to do, just not sure which is the best State. He did the research. He already said this company will be for the ASN requirement. CPA is also not appropriate when there is no income, assets, or tax liability located in the State.

    Thanked by 1Hannan
  • @jiggawattz said: Incorrect, there needs to be a designated registered agent for the company in the State, but it could be a lawyer performing that function

    Don't you think that's what he meant? Or did you just want to establish authority by correcting?

  • It’s nighttime in Sweden @emgh have a good evening

  • @jiggawattz said:
    It’s nighttime in Sweden @emgh have a good evening

    Did I burst your "The U.S. is super smart and so am I-bubble"?

  • Alright boys lets not be dicks to each other. Each person is right in their own way and regards. Remember, there's a million different ways to crack an egg. @jiggawattz and @emgh are both right.

    Thanked by 1emgh
  • @Hannan said:
    The company will be used just for an ASN. There will be no sales or anything like that. Still, need all that?

    Just to answer the question finally… No, you don’t need all that. 🥳

    Just pick a registered agent with the lowest fees in DE, WY or NV. Really routine, safe and simple thing to do for getting ASN.

    Thanked by 1Hannan
  • @jiggawattz said:

    @Hannan said:
    The company will be used just for an ASN. There will be no sales or anything like that. Still, need all that?

    Just to answer the question finally… No, you don’t need all that. 🥳

    Just pick a registered agent with the lowest fees in DE, WY or NV. Really routine, safe and simple thing to do for getting ASN.

    "so as a conclusion I'm right and also very smart"

  • Yep @emgh

    Thanked by 1emgh
  • ivlad ivlad Member
    edited December 2022

    @jiggawattz said: Incorrect, there needs to be a designated registered agent for the company in the State, but it could be a lawyer performing that function. But it’s not necessary to have a lawyer. Registered agents are competent to do all the initial filing. That is a part of their service.

    I never stated that you were wrong or that a lawyer was the only way. I was stating that this is the way that I approached it. Sorry if I was not clear on my part.

  • There is also firstbase.io that offer similar service like Stripe Atlas
    https://www.firstbase.io

    Thanked by 1Hannan
  • aren't there more regions other then US in ARIN managed region? Canada and some tax evasion Islands in Caribbean. can they a option here?

    Thanked by 1emgh
  • @omelas said:
    aren't there more regions other then US in ARIN managed region? Canada and some tax evasion Islands in Caribbean. can they a option here?

    Not worth looking into since there’ll be 0 profits.

    Thanked by 1omelas
  • MannDudeMannDude Host Rep, Veteran

    Wyoming. Good for privacy, taxes and general ease of creation.

    You can make it as simple or as complicated as you want.

  • If you are a US resident, you don't need a registered agent to create an LLC in your state. Just fill out the forms at the state website and pay the filing fee. There will be an annual report fee every year. For instance, I have a single member LLC in NJ. Initial filing fee was $75 and annual report is $50/yr. Just use home or business address. Just make sure you reliably receive mail at your registered address. You also need to register with the IRS to get an Employer ID Number (EIN). No cost, and easy to do online.

    If you are a non US resident, then you need an in-state registered agent that will forward you mail (usually scanned and emailed.) Costs will be about twice as much as if you did it yourself.

    Single-member LLC is the easiest if you are the sole owner. If, perchance, you take a profit or loss, those flow right onto your personal tax filing, so no extra income tax forms to file. If there are multiple owners, then you need to file K-1 forms for each owner, but the various owners just add them onto their personal tax filings. So... if you pay $75 to file for a new LLC, already you've got a $75 income deduction on your personal taxes!!

    Obviously, if you collect sales tax for in-state sales, or pay employees, you'll have more tax forms to file, but for a shell LLC that just exists to get an ASN, there's nothing else to file but your annual report and maybe a small loss on your personal income tax filing.

    But, if you're not a US resident, the tax filing stuff is governed by your home country.

    IANAL, or CPA, but have been through this many times with no problems.

    Thanked by 3nessa nezam05 bench
  • All this Delaware talk, anyone else getting flashbacks from Wayne's World?

  • nessanessa Member, Patron Provider
    edited December 2022

    @nductiv said:
    If you are a US resident, you don't need a registered agent to create an LLC in your state. Just fill out the forms at the state website and pay the filing fee. There will be an annual report fee every year. For instance, I have a single member LLC in NJ. Initial filing fee was $75 and annual report is $50/yr. Just use home or business address. Just make sure you reliably receive mail at your registered address. You also need to register with the IRS to get an Employer ID Number (EIN). No cost, and easy to do online.

    If you are a non US resident, then you need an in-state registered agent that will forward you mail (usually scanned and emailed.) Costs will be about twice as much as if you did it yourself.

    Single-member LLC is the easiest if you are the sole owner. If, perchance, you take a profit or loss, those flow right onto your personal tax filing, so no extra income tax forms to file. If there are multiple owners, then you need to file K-1 forms for each owner, but the various owners just add them onto their personal tax filings. So... if you pay $75 to file for a new LLC, already you've got a $75 income deduction on your personal taxes!!

    Obviously, if you collect sales tax for in-state sales, or pay employees, you'll have more tax forms to file, but for a shell LLC that just exists to get an ASN, there's nothing else to file but your annual report and maybe a small loss on your personal income tax filing.

    But, if you're not a US resident, the tax filing stuff is governed by your home country.

    IANAL, or CPA, but have been through this many times with no problems.

    From experience, I can tell you this is an excellent answer. In my state the filing fee is only $50 per year for a single-owner LLC.

  • jiggawattjiggawatt Member
    edited December 2022

    @ivlad said:

    @jiggawattz said: Incorrect, there needs to be a designated registered agent for the company in the State, but it could be a lawyer performing that function. But it’s not necessary to have a lawyer. Registered agents are competent to do all the initial filing. That is a part of their service.

    I never stated that you were wrong or that a lawyer was the only way. I was stating that this is the way that I approached it. Sorry if I was not clear on my part.

    For $150, you paid someone to form your company (ie, file documents) and then designate themselves as a registered agent. This is what I have been saying.

    You did not receive a legal consultation or opinion from a CPA, otherwise the price would be much higher, and this is what others like @HalfEatenPie @Hxxx @emgh are advising and its simply not necessary.

    This is indeed the appropriate forum because many of us (including yourself, apparently) have setup LLCs in minimal-reporting U.S. states for similar or the exact same purpose as OP. It's a routine thing to do to receive an ASN. Contacting a lawyer or CPA is like going to thoracic surgeon for a strained hamstring muscle. Yes, it's a competent medical professional, but 1. it's the wrong specialist for the part of the body and 2. it's unnecessary because it can be treated at home. Any reputable online source for health information like https://nhs.uk will tell you this.

    Thanked by 1Hannan
  • Thanked by 1rogerwilco
  • SagnikSSagnikS Member, Host Rep

    You would be directly violating ARIN's policies if you were to get a company just for getting resources from ARIN. To get an allocation from ARIN, you would require significant presence in NA, not just a company registration. You'd ideally need your own hardware and/or have staff members in NA.

  • emghemgh Member
    edited December 2022

    @jiggawattz said:

    @ivlad said:

    @jiggawattz said: Incorrect, there needs to be a designated registered agent for the company in the State, but it could be a lawyer performing that function. But it’s not necessary to have a lawyer. Registered agents are competent to do all the initial filing. That is a part of their service.

    I never stated that you were wrong or that a lawyer was the only way. I was stating that this is the way that I approached it. Sorry if I was not clear on my part.

    For $150, you paid someone to form your company (ie, file documents) and then designate themselves as a registered agent. This is what I have been saying.

    You did not receive a legal consultation or opinion from a CPA, otherwise the price would be much higher, and this is what others like @HalfEatenPie @Hxxx @emgh are advising and its simply not necessary.

    This is indeed the appropriate forum because many of us (including yourself, apparently) have setup LLCs in minimal-reporting U.S. states for similar or the exact same purpose as OP. It's a routine thing to do to receive an ASN. Contacting a lawyer or CPA is like going to thoracic surgeon for a strained hamstring muscle. Yes, it's a competent medical professional, but 1. it's the wrong specialist for the part of the body and 2. it's unnecessary because it can be treated at home. Any reputable online source for health information like https://nhs.uk will tell you this.

    Good morning and no.

  • @SagnikS said:
    You would be directly violating ARIN's policies if you were to get a company just for getting resources from ARIN. To get an allocation from ARIN, you would require significant presence in NA, not just a company registration. You'd ideally need your own hardware and/or have staff members in NA.

    Presumably wants hardware in NA, and that is sufficient.

    Thanked by 1emgh
  • @jiggawattz said: You did not receive a legal consultation or opinion from a CPA, otherwise the price would be much higher, and this is what others like @HalfEatenPie @Hxxx @emgh are advising and its simply not necessary.

    I wish you the best of luck.

    Thanked by 1emgh
  • HannanHannan Member, Host Rep

    @yoursunny said:

    @Hannan said:
    The company will be used just for an ASN.

    And a free /22 IPv4?

    Are they still giving a subnet /22 with each company?

    Thanks

  • @Hannan said:

    @yoursunny said:

    @Hannan said:
    The company will be used just for an ASN.

    And a free /22 IPv4?

    Are they still giving a subnet /22 with each company?

    Nope, the free pool was gone in 2015. Can still wait a year though.

    Thanked by 1Hannan
  • alentoalento Member, Host Rep

    @Hannan

    I zoned out reading the original replies. I do have a lot of experience in this area, so I can potentially help you - but then again advice from a rando on the internet is still advice from a rando on the internet.

    Everyone talks about Delaware. Delaware is a horrible choice for a LLC. It is an great choice for a C-corp which will be used for a start up and will eventually want to attract investor capital - this doesn't sound like you.

    Nevada is just somewhat noted for privacy, but that has all but disappeared in recent years. Otherwise it is an expensive state for a LLC.

    Wyoming is a good choice, but depending on your personal circumstances may not be the BEST choice. My LLC is actually now registered in Wyoming after moving it from New Mexico.

    New Mexico is likely the best choice for you IF it is just you and nobody else owning the LLC. One time filing to establish the LLC and annual registered agent fee is all that is required. There is NO annual annual report filing and fee to contend with. NM also is decent for privacy, mainly because of the lack of an annual report filing.

    One thing though - are you a "US person" or no? If not, you need to do extra IRS filings every year, which are seemingly simple, but carry steep penalties if you screw them up.

  • @alento said:
    @Hannan

    I zoned out reading the original replies. I do have a lot of experience in this area, so I can potentially help you - but then again advice from a rando on the internet is still advice from a rando on the internet.

    Everyone talks about Delaware. Delaware is a horrible choice for a LLC. It is an great choice for a C-corp which will be used for a start up and will eventually want to attract investor capital - this doesn't sound like you.

    Nevada is just somewhat noted for privacy, but that has all but disappeared in recent years. Otherwise it is an expensive state for a LLC.

    Wyoming is a good choice, but depending on your personal circumstances may not be the BEST choice. My LLC is actually now registered in Wyoming after moving it from New Mexico.

    New Mexico is likely the best choice for you IF it is just you and nobody else owning the LLC. One time filing to establish the LLC and annual registered agent fee is all that is required. There is NO annual annual report filing and fee to contend with. NM also is decent for privacy, mainly because of the lack of an annual report filing.

    One thing though - are you a "US person" or no? If not, you need to do extra IRS filings every year, which are seemingly simple, but carry steep penalties if you screw them up.

    This is exactly why I'm suggesting talking with a CPA to get this kind of advice.

    Thanked by 1emgh
  • HannanHannan Member, Host Rep

    @jiggawattz said:

    @Hannan said:
    The company will be used just for an ASN. There will be no sales or anything like that. Still, need all that?

    Just to answer the question finally… No, you don’t need all that. 🥳

    Just pick a registered agent with the lowest fees in DE, WY or NV. Really routine, safe and simple thing to do for getting ASN.

    Sorry lost track of this. Thanks for the info. Do you know any registered officer can get help from?

  • I like that it was "so easy" and "no need to get a CPA" yet @alento suggested some really relevant points that no random on the internet brought up so far, in nearly two whole pages.

  • crunchbitscrunchbits Member, Patron Provider, Top Host

    @emgh said:
    I like that it was "so easy" and "no need to get a CPA" yet @alento suggested some really relevant points that no random on the internet brought up so far, in nearly two whole pages.

    Yeah @alento was spot-on with the advice. We moved to Wyoming (parent and sub) awhile back for the reasons noted.

    Thanked by 1emgh
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