I am thinking of setting up a Limited Liability company, and am looking for a state that does not have high annual fees. I was told New Mexico was such a state. Is this true, or are there other states that would be better. My home state of NC charges $200/year. How is the best way to research a lawyer for the state chosen??Thank you.
Country relating to Question: United States
Local attorney who did not have any information on out of state LLCs'.
It doesn't really work that way.
Your company needs to set up where it will have business transactions.
That means that if you're a large company, you are registered in many (or all) states.
Yes, many people incorporate in DE but to do so, the company must have contacts (business transactions)
I believe I answered your question...?
It would seem if I had an attorney in that state, that would be a contact. Did you find what state had low fees or free registration?
It doesn't work that way. It isn't a 'contact' as in the way we usually use that term.
It is a connection - if you do business in a state you MUST be registered in that state.
Again, if you perform business tasks in a state, your company has to be registered in that state.
ok thank you
18 yrs trial attorney, professor of criminal law and ethics
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