I’m from Michigan. There LLC’s are only $50 to set up. Have looked at lots of other states and set LLC’s up elsewhere too but I keep coming back to MI. They have a one page form to fill out. Only your name and address, the name of the LLC you want to start, the name and address of the registered agent(if it is not you, hire one with a MI address), purpose of the company and your signature.
They want $50 to start it and then $25 a year to keep it going.
Here is a link to the form to start one:
Set Up Form
Here is the site the form came from:
List of forms
Here you can search if the name you want is available:
Why set up an LLC?
There are lots of reasons most of which I can’t think of but it sure makes taxes a lot easier when you partner up on these land deals. Set up an operating agreement and spell out the terms there with your members so everything is clear.
The only cheaper LLC I know of is Wyoming at $35. Problem is they are trying so hard to get business they went a little too far and don’t require your name and address. Because of that the major banks have started to shun Wyoming LLC’s and make it harder to open bank accounts with them.
Where and how do you guys set up shop?
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