Thanks for your feedback. Actually, the sole proprietor business I am currently in is virtual administrative support consulting. I rented a virtual office space as I did not want my home address as "public record" in the event someone needed to sue. For single-member LLC purposes, I had planned on filing Form 8832 to be treated as a corporation for tax purposes.
With that being said, would my primary residence in the state of Illinois have an affect on the LLC registration and taxation? Illinois has state income tax while the state of Florida does not. I've also heard that it is better to incorporate in Delaware or Nevada due to the small business laws, but wasn't so sure.
The fees in Illinois to start a LLC is $500 versus Florida of $125.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).