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01-03-2010, 02:24 PM
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Needing to know which state to incorporate in?
Needing to know which state to incorporate in?
Q : Which state is the best state to incorporate a media production company? Some say delaware and then now I am been told nevada? Also which state allows a member of an llc to remain like a silent investor -- i.e. no public disclosure of age, and address. is this possible in an llc? also since I am new to this, if someone has a residence in two states ( tx & NJ) - and this a start-up company what are some real factors /considerations of which state to form the llc. This is a small company . A : "Which state is the best state to incorporate a media production company?" First of all, the term "media production company" is vague. Second, determining the "best" state in which to incorporate requires knowing a heckuva lot more than the type of company. "Some say delaware and then now I am been told nevada?" Who told you these things? Did those persons tell you why those states are "best"? Or did they just express conclusions? Do you live in either of those states? Will the company do business or have clients/customers in either of those states? If not, did the persons who suggested incorporating there take into account that doing so likely would require the payment of additional taxes? "which state allows a member of an llc to remain like a silent investor -- i.e. no public disclosure of age, and address. is this possible in an llc?" I'm not sure what "like a silent investor" means. The term "silent investor" or "silent partner" typically refers to a person who has a stake in the business but is not involved in running the business, but that doesn't appear to be what you're asking about. As far as I know, no state requires LLC members to disclose their ages. Most, if not all, states require the identification of LLC members and their addresses. "if someone has a residence in two states ( tx & NJ) - and this a start-up company what are some real factors /considerations of which state to form the llc. This is a small company ." I'm not sure what the first part of this means. While you might own residential real property in multiple states, you cannot be a legal resident of more than one state. As far as considerations, you would want to look at general business climate in each state; specific laws applicable to your business (or the lack thereof); the location and availability of customers, vendors, distribution channels, qualified employees, etc.; the availability and cost of business property; insurance; taxes, etc., etc., etc. The logical starting point would be a good corporate/business attorney in your state of residence. This forum offers free legal advice for citizens of the following States of America Alabama AL , Alaska AK , American Samoa AS , Arizona AZ , Arkansas AR , California CA , Colorado CO , Connecticut CT , Delaware DE , District of Columbia DC , Federated States of Micronesia FM , Florida FL , Georgia GA , Guam GU , Hawaii HI , Idaho ID , Illinois IL , Indiana IN , Iowa IA ,Kansas KS , Kentucky KY , Louisiana LA , Maine ME , Marshall Islands MH , Maryland MD , Massachusetts MA , Michigan MI , Minnesota MN , Mississippi MS , Missouri MO , Montana MT , Nebraska NE , Nevada NV , New Hampshire NH , New Jersey NJ , New Mexico NM , New Mexico NM , New York NY , North Carolina NC , North Dakota ND , Northern Mariana Islands MP , Ohio OH , Oklahoma OK , Oregon OR , Palau PW , Pennsylvania PA , Puerto Rico PR , Rhode Island RI , South Carolina SC , South Dakota SD , Tennessee TN , Texas TX , Utah UT , Vermont VT , Virgin Islands VI , Virginia VA , Washington WA , West Virginia WV , Wisconsin WI , Wyoming WY 
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