Hi,
I am a first-time small-business (ecommerce) owner trying decide where to set up my llc. I will be the only member, and I currently pay income taxes in New York. However, it seems like New York is very expensive to file my LLC forms, and charges a more expensive LLC tax. The other places I'm considering for setting up the company are Illinois (where my wholesaler is based, and where I'll be doing a lot of business), Maryland (where my family home is located), or Delaware (because this seems to be a cheap and easy option). Can anyone weigh in on the pros and cons of setting up my LLC in one of these states vs. the others?
Thanks!
I am a first-time small-business (ecommerce) owner trying decide where to set up my llc. I will be the only member, and I currently pay income taxes in New York. However, it seems like New York is very expensive to file my LLC forms, and charges a more expensive LLC tax. The other places I'm considering for setting up the company are Illinois (where my wholesaler is based, and where I'll be doing a lot of business), Maryland (where my family home is located), or Delaware (because this seems to be a cheap and easy option). Can anyone weigh in on the pros and cons of setting up my LLC in one of these states vs. the others?
Thanks!

