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The standard answer to this is Delaware because of its well developed corporate law. My answer is that it should be the state where the business is located, as this will save you some fees and complexities.
An attorney can certainly help if you are unsure about how to file your LLC application in your state, but in many states, you can file online or through a simple mail-in document.
You can name your LLC anything you want, as long as another company is not using that name or a very similar name in your state. All states require that you include the designation "LLC" or some variation in your name to distinguish it as an LLC.
In the same manner, as a corporation, minutes need to be kept of meetings of the limited liability company. You may also have to file periodic reports with your state's secretary of state.
(Look for the "business" or "corporate" division.)
You will need to pay a fee for filing your Articles of Organization/Certificate of Organization. This fee varies by state, but it is usually between $50 and $200.
A registered agent is the person who represents the business for legal correspondence. You can act as your LLC's registered agent if your address is in the same state as the LLC is registered. A PO Box for a registered agent is not allowed in most states. If you are registering your LLC in another state, you must find someone in that state to serve as the registered agent. While you can serve as your own registered agent, there are several reasons why it's better to have a specific registered agent service.
When you form an LLC, you are not officially an LLC until you register your business with your state. To register, you must submit the Articles of Organization, and you are also registering the name. Before the state approves your LLC, it checks to be sure the name is not being used by another business in the state, so there's no need to register the business name with the state in this case.
In most states, the registration of the LLC also serves to register the name.
Check with your state Secretary of State to be sure.
A multiple-member LLC is taxed as a partnership, but an LLC should manage operations through an Operating Agreement, which functions like a partnership agreement but is just called by a different name.
Even a single member LLC needs an operating agreement, to describe the operations of the business, define the separation between the owner and the business, clarify succession, and avoid "default rules" of the state.
A good plan should be designed to avoid probate, save on estate taxes, protect assets if you need to move into a nursing home, and appoint someone to act for you if you become disabled. All estate plans should include, at minimum, two important estate planning instruments: a durable power of attorney and a will.
Handling the estate starts with a few practical tasks:
Determine Who Is the Executor or Trustee.
Arrange for Temporary Care of Minor Children and Other Dependents
Obtain Certified Copies of the Death Certificate.
Look for a Will or Trust.
Collect the Mail.
Paying the Bills.
Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax.
Creating an estate plan is a lot like getting into better shape.
Step 1: Sign a will.
Step 2: Name beneficiaries.
Step 3: Dodge estate taxes.
Step 4: Leave a letter.
Step 5: Draw up a durable power of attorney.
Step 6: Create an advance health care directive.
Step 7: Organize your digital and paper files.
Here are five things you should do before writing a living trust:
Make a list of all your assets. Be sure to include make a list of your assets that includes everything you own.
Find the paperwork for your assets.
Choose a successor trustee.
Choose a guardian for your minor children.
Here is a list of items every estate plan should include:
Durable power of attorney.
Letter of intent.
Healthcare power of attorney.
Stops Heirs from Overpaying In Taxes. Estate planning is all about protecting your loved ones, which means in part giving them protection from big tax hits. Essential to estate planning is transferring assets to heirs with an eye toward creating the smallest tax burden for them as possible.
Decide what property to include in your will.
Decide who will inherit your property.
Choose an executor to handle your estate.
Choose a guardian for your children.
Choose someone to manage children's property.
Make your will.
Sign your will in front of witnesses.
Store your will safely.