An LLC is one of the most popular business structures because it offers liability protection and tax benefits. And for solopreneurs, small business owners, and the growing number of freelancers and online business ventures, an LLC is an attractive business model.
But what happens if you want to do business in another state or even country? Do you need to create a foreign LLC? The answer is maybe. It depends on your business activities.
This article will discuss what a foreign LLC is and when you should consider creating one. We’ll also compare a domestic LLC vs. a foreign LLC so you can decide which business structure is right for your business.
The Top-Rated LLC Services to Register Your Business
If you’re ready to get the process started, here is our list of the best LLC services, depending on your business needs:
ZenBusiness – Best overallIncfile – Best for entrepreneurs on a tight budgetRocket Lawyer – Best legal consultation services for LLCsLegalZoom – Most popular LLC servicesLegalNature – Best for LLC documents and contractsMyCompanyWorks – Best same-day processingSwyft Filings – Best customer service
You can reach each of our full product reviews of each LLC service here.
What Is a Domestic LLC?
LLCs are relatively new; they were first introduced in Wyoming in 1977. They offer many of the same benefits as corporations, including limited liability protection and flexibility in how the … Read More