Nevada does not share tax info with the IRS (even though no tax is owed), which can appear suspicious. Wyoming is likely a better choice. One advantage of a Nevada/Wyoming LLC is that they have specific laws which prevent veil-piercing of single member LLCs, something judges have been doing in other states in lawsuits. Wyoming LLC costs $52/yr to maintain, Nevada is around $200.
Nevada is actually $325 per year. $125 per year to file a "List of Members and Managers" and $200 for a business license renewal. I know this since I just paid to renew my 1-man Nevada LLC a few weeks ago.
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Nevada does not share tax info with the IRS (even though no tax is owed), which can appear suspicious. Wyoming is likely a better choice. One advantage of a Nevada/Wyoming LLC is that they have specific laws which prevent veil-piercing of single member LLCs, something judges have been doing in other states in lawsuits. Wyoming LLC costs $52/yr to maintain, Nevada is around $200.
Nevada is actually $325 per year. $125 per year to file a "List of Members and Managers" and $200 for a business license renewal. I know this since I just paid to renew my 1-man Nevada LLC a few weeks ago.
Source: http://www.bizfilings.com/nevada/ongoing-llc-requirements.as...
Ah, I didn't know there was a second filing for Nevada. Lame. Wyoming wins even more! :) Thanks for the info!