0

I'm a resident of Florida and need to a create a LLC for liability protection. My business will solely be an online business. I would like to form the LLC in New Mexico as they have no annual report requirements and the fees are among the lowest.

My main concern is that would I need to create an LLC in Florida anyway? What would happen if I don't and I only use the New Mexico LLC?

Improve this question

1 Answer 1

Reset to default
1

I don't know Florida laws, but you will likely need to register your LLC in Florida as a foreign company. This generally means an annual fee (maybe the same as the annual fee for a Florida LLC) and annual reporting requirements.

In most situations, small businesses should register an LLC in their home state.

I don't know what would happen if you disregard Florida law and don't register your LLC there, but it probably isn't worth taking the risk.

Improve this answer
1
  • Here is an internet source which basically says what the answer says: llcuniversity.com/best-state-to-form-an-llc . You can't get around dealing with your home state government and will wind up paying more due to the two sets of fees.
    – ender.qa
    Commented Nov 11, 2020 at 22:18

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .