Skip to content
Navigation

702-871-8678

Ready to Form Your Business in the US?
Incorporate with IncParadise & Cheqly!

We take the hassle out of incorporating your business! We make it easier to form your LLC or Corporation in the United States for everyone and this also includes the clients of our partner, Cheqly, which is a digital banking platform that allows you to open a business account completely online.

Incorporate Your Business Online

Starting a new business can be challenging as each state has its own rules and regulations for registration and then there is annual maintenance that you have to be compliant with. This guide highlights how you can incorporate a business and make it operational in all 50 states of the USA. The guide also provides information on the benefits of incorporating and all relevant annual filing requirements.

Which State Should I Incorporate My Business?

If you want to start a new business then the first step is to register the business. Different forms of entities have different processes for registration governed by the laws of the state you are planning to incorporate in. Each state has its own rules and regulations, forms, and processes for incorporation, fee, and annual maintenance requirements.

When you incorporate a business, it simply means that you are forming a corporation. In other words, incorporation is the legal process required to bring a corporate entity into existence. Depending on the chosen state, you can incorporate a business online or through the mail (offline).

As opposed to other forms of entities, there are several benefits that you can enjoy when you register a corporation. Some of the top benefits include

  • Personal liability protection
  • A corporation enjoys perpetuity
  • Getting startup capital is easier
  • Ownership transfer is easier

How to determine which state is best for your business?

Whether you are planning to form an LLC or incorporate, it is important to choose the right state. The state where you register a business is known as the home state. There are several key factors that will help you to determine the state in which you can form an LLC online or incorporate your startup. Some of the points to consider while making this choice include

  • Business environment and infrastructure
  • Corporate laws
  • Taxes applicable to corporations or LLCs
  • Franchise taxes
  • The initial cost to incorporate a business
  • Operational costs
  • Availability of grants, loans, and capital
  • Entrepreneurial development and training programs
  • Business incentive programs
  • Business licensing requirements
  • Annual requirements like an annual report

Best state to incorporate a business

Whether you are planning to register a corporation or form a limited liability company or any business entity, the state of formation matters. Some states offer a pro-business environment; some offer tax shelters; while others offer strong infrastructure and business incentive programs. It is important to remember that no two states will offer the same benefits. So, let us look at the states considered the best states to incorporate a business online.

  • Nevada – This state is considered one of the top states to form an LLC or incorporate. Nevada offers a wide range of benefits to startups and entrepreneurs including ease of incorporation, low corporate taxes, a business-friendly environment, strong privacy protection, no state income taxes, and no annual meeting requirements among others.
  • Wyoming – The state has been on the radar as it has consistently been ranked one of the top five states with a pro-business climate. If you register a corporation online in Wyoming then some of the advantages are favorable tax exemptions, no corporate or personal income tax, no franchise tax, low annual fees, asset protection along with strict privacy laws, and one of the lowest state filing fees.
  • California – The state of California has one of the strongest economies in the US and the world. The state provides a strong startup environment and robust infrastructure to help you incorporate a business and make it operational. Some of the salient aspects of choosing to form in California include the availability of networking opportunities, thriving economy and diverse industries, access to a large talent pool, availability of small business resources, training, and technical assistance, capital gains exemption, and other tax exemptions.
  • Texas – The state of Texas is the 10th largest economy in the world and offers a unique competitive advantage to startups and new businesses. Whether you form an LLC online or register any other entity, the state offers several advantages. Some of the salient highlights include a business-friendly climate, no personal income tax, no corporate tax, availability of a diverse workforce, sales & use tax exemptions, a good regulatory environment, and robust infrastructure.
  • Delaware – If you are planning to register a corporation in Delaware then one of the salient aspects of this state is its competitive business climate. The state has a highly attractive business and economic environment driven by the low cost of doing business and a strong legal system and governance. Some of the other benefits include a good regulatory framework, no sales tax, considered a tax haven, an investor-friendly environment, a high level of anonymity or privacy, fewer annual maintenance requirements, and several business incentives and tax credit programs.

Choosing the Right company type for your Business

One of the most important aspects of any business is the legal structure. The operational aspect, the management, taxation, paperwork, capital, and annual maintenance requirements are all dependent on the legal structure. It is hence recommended to always weigh the pros and cons of a legal structure and choose a company type that provides maximum benefits.

What is an LLC?

One of the most popular business structures in the US is a limited liability company (LLC). Entrepreneurs opt to form an LLC as it is a type of hybrid entity that combines the various characteristics of a partnership with those of corporations. There are a variety of limited liability companies that you can form in the USA and they are:

  • Single-Member LLC or Sole Proprietorship
  • Member -Managed LLC or Manager – Managed LLC
  • Series LLC
  • Family Limited Partnerships
  • L3C Company
  • Restricted LLCs
  • Anonymous LLC

The process and documentation to form an LLC online as well as the type of LLC will vary from one state to another.

Benefits of forming an LLC

The regulation of a limited liability company can vary from one state to another although the benefits are almost the same. When you form an LLC apart from the benefits of the structure, you may also enjoy certain state benefits like business incentives. The most common advantages are:

  • Limited Liability Protection – One of the greatest benefits to form an LLC online is limited liability protection. As the name suggests, if your company goes into debt or there is a lawsuit then as the owner, your personal assets will be protected.
  • Pass-Through Taxation – This is a type of tax structure that makes any LLC the first choice among entrepreneurs. Pass-through taxation allows the tax to flow through from the company to the members and owners of the company thus mitigating double taxation.
  • Less Documentation and Management Flexibility – It is easier to form an LLC as compared to other forms of business as there is less paperwork involved. A limited liability company doesn’t have a formal structure or fixed management structure and hence owners have a choice when it comes to operating the business and decision-making.

What is a Corporation?

A traditional corporation or a C corporation is a type of legal entity that is considered to be distinct and separate from its owners. Sometimes, it is referred to as a legal person because it has similar rights e.g., a corporation can enter into contracts, borrow money, own assets, hire employees, and pay taxes. If a group of shareholders incorporates a business then a corporation is created. You can register a corporation online or by mail depending on the chosen state or jurisdiction. The different types of corporations that you can form in the US are:

Benefits of Forming a Corporation

Entrepreneurs prefer to register a corporation as it has several advantages over other business structures. Depending on the state where you incorporate, there are several state-based benefits, incentives, and tax credit programs that your company can become a part of. The top benefits of forming a corporation are:

  • Limited Liability – A major reason for entrepreneurs to register a corporation is limited liability. This simply means that at any given point in time, lenders or creditors will have no claim whatsoever on the personal assets of company owners.
  • Availability of Capital – When you register a corporation online, one of the major benefits is that venture capitalists and other private investors prefer a corp over other forms of business. A corporation can also raise capital through shares or stocks.
  • Perpetual Existence – Normally, the owners of a corporation are its shareholders or stockholders and such a company is managed by a board of directors. The death or inability to manage or run a corporation doesn’t affect its operations and the company will continue as a legal entity until it is liquidated or the charter is changed.

Comparison of the two company types – LLC vs Corporation

When it comes down to choosing the right business entity, should you incorporate a business or form an LLC online? It is quite a difficult choice because both LLCs and corporations are popular forms of business. It is important to note that LLCs and corporations are similar in certain ways and different from each other as well. A comparison of the two entities will provide more insight and help you to make an informed decision.

  • Limit liability – Whether you form an LLC or establish a corporation, both forms of businesses will help in limiting the liability of owners, investors, and shareholders from debts and lawsuits against the entity.
  • Owners – An LLC can be formed by a single individual or several partners known as members. When you incorporate a business, depending on the state, you can form a single-owner corporation also known as a single shareholder corporation although it is quite rare. You will still be required to appoint a board of directors.
  • Formation – The formation process is different for both forms of businesses. In some states, you can form an LLC online or incorporate online while in other states you may have to submit in person or by mail. LLCs are formed by submitting Articles of Organization or Certificate of Organization while corporations are formed by submitting Articles of Incorporation or Certificate of Incorporation.
  • Operating document – LLCs and corporations are required to have a document that stipulates the ways each type of entity will operate. If you register a corporation online then you will need to create bylaws while LLCs will need to create an Operating Agreement.
  • Profits and Losses – The profits and losses of either entity are handled differently. In an LLC, the profits and losses pass through to the members or owners. In a corporation, the profits and losses are held by the entity.

IncParadise is the right partner for your business

IncParadise provides business formation and registered agent services that can help you to incorporate a business in the US effortlessly. With IncParadise, you’ll have access to a network of experienced professionals who will guide you through every step of forming and maintaining your LLC or business corporation.

We love working with clients who are ready to take their businesses to the next level, and we know that Cheqly clients are no exception. The partnership between Cheqly and IncParadise will allow both of us to provide high-quality services to our clients and help them in running their businesses effortlessly.

Our clients can also derive the advantage of our entity management software which can help them to manage their business needs and track the annual requirements to ensure the company is in good standing in their respective states.

Are you Looking to Start Your Business in Alabama?

Incorporate your Business in Alabama

Alabama is home to more than 400,000 small businesses established in a wide variety of industries right from tourism to aerospace and aviation. The largest industry in the state is real estate followed by ambulatory health care services and even manufacturing. Alabama is also home to a vibrant innovation and tech ecosystem, which in turn is attracting investors. If you form an LLC in the state in the startup phase you can also enjoy access to seed round funding.

Whether you plan to form an LLC online or a corporation, the state of Alabama provides several useful business resources for entrepreneurs and first-time business owners. There are several industries that have been growing rapidly and contributing to the state economy like agriculture and forestry, biotechnology, non-alcoholic beverage industry, chemical production, and tourism among others.

Alabama Business Environment

Alabama is ranked as one of the top states when it comes to a pro-business environment. Some of the key components of the favorable business environment in this state include a motivated workforce, business incentive programs, infrastructure, a good regulatory environment, and a support system for new and existing businesses that helps in fostering success. If you are planning to incorporate a business in Alabama then there are plenty of advantages that you can benefit from.

Benefits of Incorporating in Alabama

The state offers several benefits to all forms of businesses and some of the top benefits are:

  • Alabama has one of the most competitive tax structures and has been ranked as a state with one of the lowest property taxes.
  • One of the benefits to incorporating a business in Alabama is the tax incentives that include Capital Investment Tax Credit programs and several tax abatement programs as well.
  • Entrepreneurs prefer to form an LLC online as the state has a robust infrastructure that includes 90 airports, six interstates, five cargo airports, one of the largest deep-water seaports, and intermodal facilities for helping growth in exports.

Alabama LLC and INC Annual Filing Requirements

If you are planning to incorporate a business in Alabama then it will be governed by the 2020 Code of Alabama. You will need to Hire and maintain a registered agent in the state for Service on Corporation or LLC. The filing requirements for an LLC or business corporation are as follows:

  • Formation – You will need to file a Certificate of Incorporation for a business corporation and a Certificate of Formation for an LLC with the office of the Alabama Secretary of State
  • Reports – File the Initial Business Privilege Tax Return as well as Annual Report with the Department of Revenue
  • Taxes – One of the important LLC and Corporation annual filing requirements in the state of Alabama is that of business taxes. The taxes applicable to businesses are graduated individual income tax, local income tax, corporate income tax, and state & local sales tax.

Start your business in Alabama

Are you Looking to Start Your Business in Alaska?

Incorporate your business in Alaska

Alaska situated in the northwest extremity of the USA has an economy driven completely by oil, tourism, and fishing. An estimated 85 percent of the budget comes from oil revenues. The state’s vast energy resources have often contributed to its 2021 Real Gross Domestic Product (GDP) of $50.3 billion. If you are planning to incorporate a business in the tourism or oil industry then this is just the right destination.

Alaska Business Environment

The state of Alaska has a business-friendly regulatory climate making it easier to incorporate or form an LLC online. It is home to 73,298 small businesses and the economy has grown at an annual rate of 0.4%. It has a competitive tax climate, business incentive programs, and Economic Development Opportunity Zones, which help businesses to operate and thrive in the state.

Benefits of Incorporating in Alaska

The state offers several benefits to all forms of businesses and some of the top benefits are:

  • If you form an LLC in Alaska then you can benefit from low property taxes as well as no personal income taxes.
  • The state also offers tax incentives and tax credit programs.
  • Once you register a corporation online, you can apply for microloan programs for small and women-owned businesses, small business grants and financial aid programs, growth capital, and loan funds.
  • Alaska is home to Foreign-Trade Zones (FTZ) and this program is quite useful for businesses that are into import-export.

Alaska LLC and INC Annual Filing Requirements

You can register a corporation in Alaska governed by the 2019 Alaska Statutes, Title 10 – Corporations and Associations, Chapter 06 – Alaska Corporations Code. You will need to maintain a registered agent in the state for Service of process on behalf of the said Corporation or LLC. If you are planning to form an LLC online then the formation will be governed by Chapter 50 of the Alaska Revised Limited Liability Company Act. The filing requirements for an LLC or business corporation are as follows:

  • Formation – File Articles of Incorporation for a business corporation and you can register a corporation online. In order to form an LLC, you will have to file Articles of Organization along with the necessary fee.
  • Report – You will be required to file an initial report after the submission of formation documents. This report contains specific information regarding the business. Apart from this, LLCs and corporations are required to file Biennial Reports.
  • Taxes – If you form a corporation or an LLC in Alaska then certain forms of business taxes will be applicable. These include corporate income tax, Sales and Use Tax, and Withholding Tax.

Start your business in Alaska

Are you Looking to Start Your Business in Arizona?

Incorporate your business in Arizona

Arizona is home to 611,097 small businesses with 45.3 percent of these businesses being women-owned. The real Gross Domestic Product (GDP) of Arizona is $337.42 billion and is expected to increase in the coming years. You can register a corporation or any other form of business as the state has diverse industries and supports healthy economic growth. The state has been focusing on next-generation advancements and cutting-edge innovation thus opening a platform for startups to excel.

Arizona is considered one of the most dynamic and rapidly growing economies in the country. It is ranked #4 for the availability of a skilled workforce, #6 for employment growth, and has witnessed significant reductions in business tax. Some of the top cities where you can form an LLC online include Phoenix, Scottsdale, Globe, Tolleson, Prescott, and Snowflake.

Arizona Business Environment

According to the Business Facilities 2021 state rankings report, the state of Arizona has been ranked #2 for Best Business Climates and has been ranked #3 where fastest growing states are concerned. The business environment is expansive and growing consistently and is considered one of the top reasons to incorporate a business. Greater Phoenix has witnessed a spate of investments including a $34 million investment by Deloitte. Whether you are planning to form an LLC online or a corporation, the state offers you a pro-business climate, a highly educated and talented workforce, and low overall startup costs.

Benefits of Incorporating in Arizona

The state offers several benefits to all forms of businesses and some of the top benefits are:

  • One of the benefits that have led entrepreneurs to incorporate a business in Arizona is the tax rate, which is fairly low as compared to other states.
  • There are several tax relief programs implemented by the Arizona Commerce Authority that bring down the overall tax burden.
  • Arizona has a growing talent pool that comes from Arizona State University considered the largest public university in the nation.
  • Whether you form an LLC or a corporation in Arizona, you can benefit from a wide variety of business incentive programs.
  • There are programs categorized under small business opportunities like the Arizona step grant or manufacturing opportunities like sales tax exemptions.
  • The state of Arizona is slowly becoming a tech startup state as investments of $979.5 million poured in while startups have started to sprout and expand.

Arizona LLC and INC Annual Filing Requirements

There are different types of business entities you can form in Arizona right from corporations to partnerships and limited liability companies. The Arizona corporate laws and LLC Act requires all businesses operating in the state to hire and maintain a registered agent in the state. If you are planning to register a corporation or an LLC then it will be governed by the 2020 Arizona Revised Statutes. The filing requirements for an LLC or business corporation are as follows:

  • Formation – You will need to file Articles of Incorporation for a business corporation and Articles of Organization if you want to form an LLC online with the Arizona Corporation Commission – Corporations Division.
  • Publication – The state of Arizona requires every LLC and corporation formed in this state to publish a notice of filing or its formation in a newspaper that has general circulation. The notice has to be filed within a period of 60 days after the filing of the articles.
  • Reports – There are no requirements for annual reports for Arizona LLC although corporations will be required to file annual reports.
  • Taxes – One of the important LLC and Corporation annual filing requirements is that of taxes. The taxes applicable in Arizona are Corporate Income Tax, Transaction Privilege Tax (TPT) License, and Withholding Tax

Start your business in Arizona

Are you Looking to Start Your Business in Arkansas?

Incorporate your business in Arkansas

The state of Arkansas is ranked #1 for inbound movers and is ranked among the top 5 when it comes to the low cost of doing business. The state is home to 300 Fortune 500 companies and more and more entrepreneurs prefer to incorporate a business in this state. The economy is looking good with the real Gross Domestic Product (GDP) at $120.71 billion.

You can incorporate a business online in any of the key industries or emerging industries in the state like Biotechnology, food and beverage, firearms and ammunition, distribution and logistics, and technology. Arkansas is consistently ranked as one of the emerging economies and some of the best cities ideals for a startup are Arkadelphia, Batesville, Conway, Little Rock, and Fayetteville.

Arkansas Business Environment

Whether you are planning to form an LLC or a corporation, one of the salient highlights of this state is its business environment. It is a financially sound state where the economic development and startup environment look increasingly promising. Today, Arkansas is home to 258,552 small businesses spread throughout its diverse industrial landscape. New startups, relocation of existing businesses, along with growth and plans for expansion are some of the key areas that the state is working towards achieving. The state has a dedicated business development team that acts as the primary liaison between new and existing companies, local communities, and investors or stakeholders.

Benefits of Incorporating in Arkansas

The state offers several benefits to all forms of businesses and some of the top benefits are:

  • The state of Arkansas offers important business resources to small and medium-sized enterprises including information on accelerators and incubators.
  • There are several resources for entrepreneurs planning to incorporate a business like Arkansas Procurement and Technical Assistance Center, Arkansas Regional Innovation Hub, and Arkansas Small Business and Technology Development Center.
  • Once you incorporate a business online, you will be able to take advantage of various competitive business incentive programs like sales and use tax refunds, job creation incentives, income tax credits, and tax exemptions and reductions.
  • The state is home to dedicated industrial centers having the right infrastructure like Redi Arkansas manufacturing center and the Crossett industrial park east site.

Arkansas LLC and INC Annual Filing Requirements

If you are planning to form an LLC in Arkansas then the formation process will be governed by the 2019 Arkansas Code. The Arkansas corporate laws and Uniform LLC Act also state that all businesses operating in the state have to hire and maintain a registered agent for service of process. The basic annual filing requirements for an LLC or business corporation are as follows:

  • Formation – You will need to file Articles of Incorporation for a business corporation and a Certificate of Organization if you want to form an LLC online. The documents have to be submitted to the Arkansas Secretary of State. You will also have to file a Company Franchise Tax Information Document along with formation documents.
  • Reports – An LLC or a corporation will be required to file an annual Franchise Tax report or Annual Report with the Arkansas Secretary of State
  • Taxes – Taxes are one of the most important LLC and Corporation annual filing requirements as failure to file can be bad for the image of the company. The taxes applicable in Arkansas are Corporation Income Tax and Pass-Through Entity Tax.

Start your business in Arkansas

Are you Looking to Start Your Business in California?

Incorporate your business in California

California is home to several top publicly traded companies including Tesla, Facebook, Apple, Wells Fargo, Chevron, Intel, Visa, and Oracle among others. California is often considered one of the top 5 states to incorporate a business and this is more so because of the growth and economy the state has been witnessing.

The real GDP of the state is $2.7 trillion and it is being driven by several industries within and outside the famed Silicon Valley. You can incorporate a business online in any of the top industries in terms of revenue generation like professional sports, trade and transportation, technology industry, health services, manufacturing, tourism, and financial services.

California Business Environment

The success enjoyed by businesses in California has two key drivers, which are the overall business environment and the existing startup ecosystem. Silicon Valley is in itself the single largest startup ecosystem that works towards providing a platform for startups so that they can move on to the operational phase. Entrepreneurs prefer to form an LLC or corporation in California owing to the various small business resources and support available right from leadership training to workshops and from accelerators to investors.

Benefits of Incorporating in California

The state of California offers several benefits to small businesses and some of the top benefits are:

  • If you register a corporation online, you can take advantage of the availability of investors as well as venture capital firms to fulfill the need for initial capital.
  • As an entrepreneur, you will enjoy access to a variety of resources for your startup like education, seminars, networking events, and mentors.
  • Whether you form an LLC online or a corporation, you can leverage the availability of a deep talent pool and global human resources due to top universities like Stanford and UC Berkeley.
  • The state has a robust infrastructure that includes transportation and logistics like airports, ports, railroads, trucking companies, and warehouses.
  • The state offers several tax credits and other business incentive programs like California Competes Tax Credit, New Employment Credit (NEC), Small Business Loan Guarantee Program (SBLGP), and CAEATFA Sales and Use Tax Exclusion among others.

California LLC and INC Annual Filing Requirements

If you are planning to register a corporation or start an LLC in California then the formation process will be governed by the 2020 California Code, Corporations Code – CORP. The California Code states that all corporations, LLCs, and other business entities must appoint and maintain a registered agent in the state. The basic annual filing requirements for an LLC or business corporation are as follows:

  • Formation – You will need to file Articles of Organization for a limited liability company and Articles of Incorporation for a Professional or General Stock Corporation. You will have to file the same with the Secretary of State, Business Programs Division.
  • Reports – You will be required to file a Statement of Information with the California Secretary of State, within 90 days from the date of incorporation or registration.
  • Taxes – Taxes are one of the most important LLC and Corporation annual filing requirements. Whether you register a corporation online or an LLC you will be required to file certain state business taxes. These are Corporate Tax, Franchise tax, and Alternative Minimum Tax (AMT).

Start your business in California

Are you Looking to Start Your Business in Colorado?

Incorporate your business in Colorado

Colorado is considered one of the top states to incorporate a business thanks to its growing economy and a real Gross Domestic Product (GDP) of $365.92 billion. It is situated in the western region of the US and has a diverse industry. The various industries contributing to its economy include agriculture, manufacturing, tourism, and service industry among others.

The state of Colorado has been ranked #1 in Private Aerospace Employment Concentration although advanced manufacturing and bioscience sectors are also growing rapidly. You can incorporate a business online in Colorado to leverage the many benefits the state has to offer.

Colorado Business Environment

The state of Colorado has been ranked #2 to start a small business by FitSmallBusiness.com. Today it is home to 674,741 small businesses with many of them being startups at some point in time. You can form an LLC or any form of business with ease as the state promises a positive business environment. Some of the factors driving responsible for the pro-business environment include its robust transportation and infrastructure, electricity generation from renewable resources, 956 miles of interstate highway, several state business incentive programs, and availability of grants and investors.

Benefits of Incorporating in Colorado

The state of Colorado offers several benefits to small businesses and some of the top benefits are:

  • Once you form an LLC online, you will be able to apply for state business incentive programs like Job Growth Incentive Tax Credit, Strategic Fund Job Growth Incentive, and Advanced Industries Accelerator Program among others.
  • The state has collaborative and supportive communities of entrepreneurs that can provide much-needed support and direction to first-time business owners regarding the operation and expansion of a business.
  • If you register a corporation in an economically distressed area in Colorado then you will be able to benefit from their Enterprise Zone Program. As a part of the program, you will be able to leverage sales and use tax exemptions as well as state income tax credits.
  • Colorado has the Great Western Industrial Park, which has been designated as a Foreign–Trade Zone (FTZ) where benefits include Duty Exemption on imported goods, deferral of federal excise tax, and several logistical benefits.

Colorado LLC and INC Annual Filing Requirements

Colorado is considered a business-friendly state with good regulations. The formation of an LLC or a corporation will be governed by the Colorado Revised Statutes, Title 7 – Corporations and Associations. The Colorado Revised Statutes make it mandatory for all corporations, LLCs, and other business entities to appoint and maintain a registered agent in the state. The annual filing requirements for an LLC or business corporation are as follows:

  • Formation – You will need to file Articles of Incorporation for a Profit Corporation pursuant to § 7 -102 -101 and § 7 -102 -102 of the Colorado Revised Statutes (C.R.S.) if you want to register a corporation. As an LLC, you will need to file Articles of Organization with the office of the Colorado Secretary of State.
  • Reports – If you form an LLC online or corporations and any foreign entity then you will be required to file a Periodic Report annually with the Secretary of State as it helps in maintaining “Good Standing” in the state.
  • Taxes – There are certain annual requirements as well that each form of business needs to comply with in order to maintain active status like state business taxes. The taxes applicable in Colorado are corporate income tax, local income tax, and state and local sales tax.

Start your business in Colorado

Are you Looking to Start Your Business in Connecticut?

Incorporate your business in Connecticut

Connecticut is home to 355,596 small businesses with insurance, finance, and real estate being some of the top industries. The real Gross Domestic Product (GDP) of the state was $245.78 billion in 2021 as compared to $236.05 billion in 2013. The economy has been growing at a steady rate and windows for innovation have opened up to innovators in a wide variety of areas right from advanced manufacturing to bioscience. The opening up of new industries and areas has led to entrepreneurs looking to incorporate a business in the state more than ever before.

Connecticut has a long-standing history when it comes to innovations on sea, land, and air right from the world’s first nuclear submarine and probably one of the reasons why it is home to 14 Fortune 500 companies. You can also register a corporation online and become a part of this pro-innovation state.

Connecticut Business Environment

Connecticut is one of the top choices for first-time business owners wanting to form an LLC or a corporation because it has a business environment that fuels innovation and small business growth. The state has all forms of resources available to help businesses relocate from other states and to let entrepreneurs from within the state find their foothold. Connecticut has a host of community colleges and universities that specialize in imparting skills necessary to bring about innovations. The state is considered as the insurance capital of the nation and hence many people prefer to incorporate a business online in the financial services industry.

Benefits of Incorporating in Connecticut

The state of Connecticut has a pro-business climate and offers several benefits to first-time business owners. Some of the top benefits are:

  • Connecticut is home to a highly skilled and educated workforce or intellectual capital which makes it easier to make your company operational
  • One of the reasons why entrepreneurs prefer to register a corporation or LLC in this state is access to some of the important east coast markets like Boston, NYC, Baltimore, Washington D.C., and Philadelphia.
  • According to the Bloomberg State Innovation Index, Connecticut has the 4th most innovative economy in the nation as well as a strong business ecosystem
  • Once you form an LLC online or a corporation, you will be able to benefit from a wide range of tax incentive programs like the R&D Tax Credit Expansion Program and Corporate Business Tax Credits and Tax Exemption programs.

Connecticut LLC and INC Annual Filing Requirements

Connecticut is an ideal destination if you are planning to incorporate a business or establish a startup. The process of new business formation will vary according to the type of entity you want to form. It is also important to note that The Connecticut General Statutes make it mandatory for entities like corporations, and LLCs to appoint and maintain a registered agent in the state. The annual filing requirements for an LLC or business corporation are as follows:

  • Formation – You will need to file a Certificate of Incorporation for a Stock Corporation with the Business Services Division. If you are planning to form an LLC then you will need to file a Certificate of Organization along with the required filing fee.
  • Reports – You will be required to file an annual report for the said entity, which is due by the end of the anniversary month or the month of registration.
  • Taxes – If you want to incorporate a business online then there are certain annual requirements that you will be required to fulfill in order to ensure you have a good standing in the state like state business taxes. The applicable taxes are corporate income tax, graduated individual income tax, and state and local sales tax.

Start your business in Connecticut

Are you Looking to Start Your Business in Delaware?

Incorporate your business in Delaware

Delaware, situated in the southern region of the US has a strong economy driven by key industries like manufacturing, logistics, advanced materials, bioscience, and fintech among others. The Real Gross Domestic Product (GDP) of Delaware was $64.34 billion in 2021 and many small business owners had an important contribution to this GDP.

Delaware is considered one of the top states if you want to form an LLC or a corporation as it has a growing economy supported by strong infrastructure, and is even considered a tax haven. Today, the state of Delaware is globally and nationally recognized for being one of the leaders in talent, leading-edge technology, and investment.

Delaware Business Environment

There are many aspects that attract entrepreneurs to form an LLC online but the most important of them is the business environment. Delaware has a pro-business climate brought about by several factors like low cost of doing business, a court of chancery, tax exemptions, availability of investors; high privacy protection, a business-friendly legal framework, and a diverse workforce among others. Delaware is home to 88,051 small businesses and 64 percent of the Fortune 500 companies have been incorporated in this state. Some of the top companies based out of Delaware include Bank of America, JPMorgan Chase, Citigroup, Deutsche Bank, Nestle, DuPont, AstraZeneca, and W. L. Gore & Associates among others.

Benefits of Incorporating in Delaware

The state of Delaware is considered one of the best states to incorporate a business due to the numerous benefits it offers. Some of the top benefits are:

  • If you register a corporation in Delaware then one of the top benefits is that the state is considered to be a tax haven. The state doesn’t have any sales tax and there is no corporate tax on interest or any other investment income.
  • The state of Delaware also doesn’t have any value-added taxes (VATs), unitary or inventory tax, or stock transfer taxes.
  • The Court of Chancery is a separate court system to hear and help resolve corporate disputes.
  • Whether you form an LLC online or a corporation; you will be able to access several state-based incentive programs like the Delaware Capital Access Program, EDGE Grants program, New Business Facility Tax Credits, New Economy Jobs Tax Credit, and Workforce Training Grants among others.
  • The overall cost of doing business in Delaware is almost 25 percent lower than the national average.

Delaware LLC and INC Annual Filing Requirements

Delaware is one of the best destinations if you are planning to incorporate a business as it has a completely functional startup ecosystem. Whether you start a corporation or an LLC, the Delaware Code requires you to appoint and maintain a registered agent in the state. New business formation is governed by the 2021 Delaware Code and all requirements and processes need to be compliant with this code. The annual filing requirements for an LLC or business corporation are as follows:

  • Formation – If you want to register a corporation in Delaware then you will be required to file the Certificate of Incorporation for a Stock Corporation pursuant to Section 102 of the Delaware General Corporation Law. Similarly, if you want to form an LLC online then you will be required to file the Certificate of Formation. Either formation or incorporation documents have to be filed with the Delaware Division of Corporations.
  • Reports – There are different annual requirements for different business entities in Delaware. A corporation is required to file annual reports and franchise taxes while an LLC will be required to file only annual taxes.
  • Taxes – Although Delaware does not have any corporate tax on interest or any other investment income, there are certain taxes that you may have to file if you conduct business in this state. The business taxes in the state are Corporate Income Tax, gross receipts tax, and withholding tax.

Start your business in Delaware

Are you Looking to Start Your Business in District Of Columbia?

Incorporate your Business in the District of Columbia

The District of Columbia is most commonly known as Washington D.C. and has one of the most advanced economies in the country. The capital of the USA; DC, is one of the most popular jurisdictions for entrepreneurs to incorporate a business. It is a constantly growing, evolving, and diversified economy that is driven by small businesses in several industries including education, tourism, public policy, finance, technology, and scientific research. The gross domestic product (GDP) of the District of Columbia is $41.93 billion with the federal government being the largest contributor followed by tourism and manufacturing.

Whether you want to form an LLC online or a business corporation, Washington DC provides several useful business resources for entrepreneurs as well as first-time business owners. You can benefit from a variety of entrepreneurial programs, business development webinars, events, grant and funding opportunities, and incentive programs among others.

The District of Columbia business Environment

Washington DC is rumored to have a favorable business climate and is home to over 70 thousand small businesses. The Washington DC metro area is considered a haven for startups because it provides the right mix of opportunities, funding, accelerator programs, and entrepreneur training programs. Some of the key elements driving the prosperous business environment include a robust transportation infrastructure, educated workforce, perspicacious policy-making, VC funding, data infrastructure, and is the second most active market in the nation for foreign capital. If you are planning to register a corporation or an LLC in the District of Columbia then there are plenty of opportunities available for you to take advantage of.

Benefits of Incorporating in the District of Columbia

Washington D.C. offers several benefits to all forms of businesses. Some of the top advantages are:

  • It has the 7th largest startup ecosystem in the nation as well as North America. If you register a corporation online or an LLC, you can have access to accelerators, incubators, and co-working spaces. You can also participate in a host of professional networking and entrepreneurial events.
  • Washington DC is known to have one of the highest proportions of college graduates as it is home to several top colleges and universities. DC offers new and existing businesses the opportunity to hire a well-educated workforce. It is home to a mission-oriented community, top university programs, and a deep pool of technology workers
  • Entrepreneurs prefer to form an LLC in Washington DC because they can participate or apply for a wide variety of business and tax incentives. There are also special tax incentives for both incorporated and unincorporated entities in economic development zones. There are several other business incentive programs in DC including the Franchise Tax Abatement program, Technology Incentive: Wage Tax Credit program, Supermarket Tax Exemption, Work Opportunity Tax Credit (WOTC), and Sales and Use Tax Exemption among others.

The District of Columbia LLC and INC Annual Filing Requirements

If you intend to incorporate a business online in the District of Columbia then it will be governed by the 2020 District of Columbia Code, Title 29 – Business Organizations. You will need to Hire and maintain a registered agent in the state for service on an LLC or a business corporation. Whether you register a corporation or an LLC, the filing requirements are as follows:

  • Formation – You will need to file Articles of Incorporation pursuant to DC Code § 29–302.02 (2020) for a business corporation and Certificate of Organization pursuant to DC Code § 29–802.01 (2020) for an LLC.
  • Reports – You will need to file a Biennial Report, which is an annual report that is filed once every 2 years.
  • Taxes – One of the important LLC and Corporation annual filing requirements in the District of Columbia is filing business taxes. The taxes applicable to businesses are corporation franchise tax, sales tax, and graduated individual income tax.

Start your business in the District of Columbia

Are you Looking to Start Your Business in Florida?

Incorporate your business in Florida

Florida is often considered one of the best places to incorporate a business and this is owing to the many benefits the state offers. It has one of the top economies in the southeastern region of the USA and the 4th largest in the nation. A Tax Foundation report has ranked Florida #4 when it comes to the business tax climate, making it suitable to incorporate a business online.

Florida is home to 19 Fortune 500 companies and some of the top names include Publix, Jabil Circuit, Fidelity National Info Svcs, Sun Capital Partners, NextEra Energy, Darden Restaurants, and Southeastern Grocers among others. Several industries contribute to its $1008.69 billion GDP like international trade, tourism, and agriculture. The state has created just the right platform to form an LLC online and provide resources and support to such businesses.

Florida Business Environment

Florida is quite popular amongst first-time business owners and entrepreneurs due to its pro-business environment. There are several aspects and factors that work in tandem to ensure the business climate is favorable enough to not only form an LLC but also grow and expand. Today, the state of Florida is home to 2.8 million small businesses and has the second largest foreign trade zone network in the USA. The business environment makes it possible to avail entrepreneurial resources, higher opportunities for investors and investments, an increasing number of tech hubs and startup ecosystems, and a range of small business incentive programs.

Benefits of Incorporating in Florida

The state of Florida is considered one of the top states for startups and this is due to the numerous advantages the state offers. Some of the top benefits are:

  • One of the top reasons to register a corporation or LLC in Florida is the low tax burden. The state doesn’t have any personal income tax or payroll tax and has a low corporate tax rate as compared to other states.
  • Another top reason to register a corporation online is the access to capital in the form of loans, grants, venture capital, and startup accelerators & incubators.
  • The state offers several small business incentive programs like the capital investment tax credits (CITC) program, Corporate Income Tax Credit, Rural and Urban Job Tax Credits, Quick Response Training (QRT) grant, and High Impact Performance Incentive Grants (HIPI), and Brownfield Redevelopment Bonus among others.
  • The state has 427 Qualified Opportunity Zones, Foreign Trade Zones, and South Florida Industrial Park where businesses can leverage incentives and credits and also achieve growth.

Florida LLC and INC Annual Filing Requirements

Florida is one of the top destinations to form an LLC or a corporation as it is home to the 3rd largest labor force in the nation. Once you have identified the business structure, you will need to be compliant with 2021 Florida Statutes, TITLE XXXVI – Business Organizations in order to register a new business in the state. The Florida Statutes also requires you to appoint and maintain a registered agent in the state. The annual filing requirements to form an LLC online or corporation are:

  • Formation – If you want to incorporate a business online in Florida then the documents will vary according to the type of entity. You will need to file Profit Articles of Incorporation if you want to incorporate and if you want to form an LLC then filing of Articles of Organization are necessary. You will have to file it with the Florida Department of State, Division of Corporations.
  • Reports – The most important annual requirement in the state is that of filing an annual report, which has to be filed by both LLCs and corporations.
  • Taxes – State taxes are one of the most important LLC and Corporation annual filing requirements. Although Florida is a tax-friendly state, there are certain business taxes like Corporate Income Tax, Alternative Minimum Tax, and Sales Tax and Use Tax.

Start your business in Florida

Are you Looking to Start Your Business in Georgia?

Incorporate your business in Georgia

Georgia also known as the Peach State is quite the favorite unassuming destination for entrepreneurs to incorporate a business. The Gross domestic product (GDP) of Georgia is currently $567.94 billion and experts have projected that it will consistently grow in the near future.

There are several key industries that contribute to the GDP and include Technology, Arts, Tourism, Commerce, Automotive, Film, and Music among others. You can form an LLC online or any other form of business as the state provides just the right environment and resources for businesses to grow and expand.

Georgia Business Environment

Entrepreneurs prefer to form an LLC or corporation in Georgia because of the pro-business climate the state offers. Today, the state is home to 1.1 million small businesses with almost 17 Fortune 500 companies and 26 companies listed in the Fortune 1000. Some of the key factors that contribute to this pro-business climate include the availability of an excellent workforce, state-sponsored training facilities, venture capital and private investors, startup hubs and ecosystem, emerging tech landscape, and robust infrastructure. The state also offers many benefits in the form of small business incentives to those who register a corporation online or any other form of business.

Benefits of Incorporating in Georgia

The state of Georgia offers new and existing businesses the resources and platform to grow and expand in a variety of industries. Some of the top benefits are:

  • One of the top reasons to register a corporation or LLC in Georgia is the different types of tax benefits that businesses can derive. Some of the top tax incentives include Sales Tax and Use Tax Exemption, Job Tax Credit, Inventory Tax Exemption, Port Tax Credit Bonus, and Work Opportunity Tax Credit program (WOTC) among others.
  • An important reason why entrepreneurs prefer to incorporate a business online is the Technology Startup Ecosystem that the state offers. The ecosystem is self-sufficient and constitutes venture capital providers, startup accelerators & incubators, educational and training programs for entrepreneurs, a strong tech-driven talent pool, and a center of innovation.
  • The state offers several small business incentive programs like the Regional Economic Business Assistance (REBA), State Small Business Credit Initiative (SSBCI), Strategic Industries Loan Program, Small Business Innovation Research (SBIR), The Georgia Micro Enterprise Network (GMEN) Program, Green Loans, and Employment Incentive Program (EIP) among others.

Georgia LLC and INC Annual Filing Requirements

Georgia has been ranked #1 when it comes to the business climate and this is one of the top reasons to form an LLC or a corporation in the state. There is a process that you have to comply with in order to register your new business and the Georgia Code requires you to appoint and maintain a registered agent in the state. The registration of a new business is governed by the 2020 Georgia Code, Title 14 – Corporations, Partnerships, and Associations. The annual filing requirements to form an LLC online or corporation are:

  • Formation – If you want to register a corporation online in Georgia then the documents will vary according to the type of entity. You will need to file Articles of Incorporation for a corporation and Articles of Organization for an LLC. You will also be required to submit a Transmittal Form along with an incorporation or registration document.
  • Notice of incorporation – This is valid only for corporations and requires you to comply with the Publication of Notice of Intent to File Articles of Incorporation.
  • Reports – Whether you are forming an LLC or a corporation, there are certain annual requirements that have to be complied with. The most important apart from taxes is filing of the Annual Registration, which is a type of Georgia annual report.
  • Taxes – One of the most important LLC and Corporation annual filing requirements is that of business taxes. The business taxes applicable in Georgia include Corporate Income and Net Worth Tax, Sales & Use Tax, and Withholding Tax

Start your business in Georgia

Are you Looking to Start Your Business in Hawaii?

Incorporate your business in Hawaii

Hawaii is one of the few states in the US whose economy is driven by conventional industry sectors with tourism being the single largest source of creating private capital for the state’s economy. If you are planning to incorporate a business in any sphere related to the tourism industry then this is just the right destination.

The tourism industry comprises several areas like restaurants, food & beverage, accommodation, tourist boards, conference services, and travel infrastructure among others. Apart from tourism, another important driver of the state’s economy is the U.S. military.

Hawaii Business Environment

Hawaii is considered a key site when it comes to international political and cultural interchange. Over the last decade, economic opportunities have opened up in several areas, which has attracted businesses and investors. You can incorporate a business online in this state if you want to increase exports, be a part of specialty agriculture revolving around volcanic soil, invest in renewable energy development, use and development of commercial technologies, and the entertainment industry. There are more than 100,000 small businesses in this island state that play an integral role in the $73.88 billion economy.

Benefits of Incorporating in Hawaii

The state of Hawaii offers several key benefits to small businesses as it moves forward toward achieving their economic development goals in existing industries and new or emerging industries. Some of the top benefits are:

  • Once you form an LLC or a corporation in Hawaii, you will be able to benefit from their tax incentive programs, which will also help lower your business tax burden. Some of the top programs include Property Tax Incentives, Renewable Fuels Production Tax Credit, Hawaii Renewable Energy Technologies Income Tax Credit, and Federal incentives like Business Energy Investment Tax Credit (ITC).
  • The state of Hawaii has special zones where a new or existing business can also enjoy several benefits. If you form an LLC online in the enterprise zone then you can get a 100 percent exemption from the General Excise Tax (GET). You can also enjoy county benefits like a 2-year exemption from increases in property taxes or priority processing of business permits.
  • The state of Hawaii also has a Foreign Trade Zone (FTZ) Program, which supports small business activity as well as those specializing in the manufacturing sector.

Hawaii LLC and INC Annual Filing Requirements

Hawaii is a great destination to start a new business and is a growing economy. If you want to register a corporation or an LLC in Hawaii then it will be handled through the Department of Commerce and Consumer Affairs. The documentation and the fees may be different for domestic entities and foreign companies. The Hawaii Revised Statutes also requires you to appoint and maintain a registered agent in the state. The annual filing requirements for businesses registering in the state are:

  • Formation – You can form an LLC in Hawaii pursuant to Hawaii Revised Statutes, Title 23a – Other Business Entities, 428-Uniform Limited Liability Company Act. You will have to submit Articles of organization for the same. If you want to register a corporation online then that will be governed by Hawaii Revised Statutes, Title 23 – Corporations and Partnerships, 414-Hawaii Business Corporation Act. You will have to file Articles of incorporation for the same.
  • Reports – Certain forms of businesses like limited liability companies, corporations, and partnerships that have been registered in the State of Hawaii will be required to file annual reports each year with the Business Registration Division, Department of Commerce & Consumer Affairs (DCCA).
  • Taxes – One of the most important LLC and Corporation annual filing requirements is that of business taxes. The business taxes applicable in Hawaii include corporate income tax, graduated individual income tax, state sales tax, and general excise tax (GET).

Start your business in Hawaii

Are you Looking to Start Your Business in Idaho?

Incorporate your business in Idaho

Idaho is a state with a stable economy that is being driven by several different industries like tourism, advanced manufacturing, aerospace, food production, technology & innovation, and energy. You can incorporate a business in any of these industries and become a part of an environment that supports collaboration, innovation, and stability.

The real Gross Domestic Product (GDP) of Idaho is $73.66 billion with the tourism industry contributing $3.7 billion and $9.7 billion by advanced manufacturing. Idaho constitutes several cities that are considered emerging hubs for technology and startups. One of the best places in the state to start a company is Boise and it has been ranked high for professional and business opportunities. Some of the other cities in Idaho with a pro-business climate include Idaho Falls and Pocatello

Idaho Business Environment

The state of Idaho is home to 176,029 small businesses and has been ranked amongst the top 10 in the business environment by Forbes. The state has been emerging as an entrepreneur-friendly ecosystem with Lake City in Idaho having one of the highest densities of startups in the technology sector. This growing startup ecosystem along with the business climate is attracting entrepreneurs to incorporate a business online. Treasure Valley is probably going to become the silicon valley of Idaho and it comprises innovation hubs like Boise, Meridian, and Nampa.

Benefits of Incorporating in Idaho

Idaho offers many benefits if you form an LLC or a corporation although the Idaho formula for success is simple. The formula says that great location and low business costs translate into higher profitability! So, let us look at some of the other benefits the state offers:

  • One of the key benefits you can derive if you form an LLC online in Idaho is robust infrastructure and access to major markets throughout the U.S and globally.
  • Most startups or businesses require employees and Idaho offers a skilled workforce with a Western spirit, which essentially encapsulates a hardworking, can-do it culture. The colleges and universities in the state collaborate with private sector companies to create customized programs, which meet the requirements of businesses in the state.
  • If you register a corporation or LLC in Idaho, you can benefit from their tax incentive program. Some of the top programs include Tax Reimbursement Incentive (TRI), Data Center Sales Tax Exemption, 3% Investment Tax Credit, and Property Tax Exemption among others.

Idaho LLC and INC Annual Filing Requirements

Idaho is a state that is gearing itself toward creating business success by offering the necessary support and resources and building a diverse industrial and innovation landscape. If you are planning to register a corporation online or any other form of business then there are certain processes you will need to follow. You will need to appoint and maintain a registered agent in the state according to the Idaho Code. Let’s look at the important processes and annual filing requirements in the state:

  • Formation – If you are planning to form an LLC in Idaho then you will have to submit a certificate of organization pursuant to ID Code § 30-25-201 (2021). If you want to register a corporation then you will have to file Articles of Incorporation pursuant to ID Code § 30-29-202 (2021).
  • Reports – Apart from taxes and business license renewals, one of the most important annual requirements is filing annual reports each year with the Idaho Secretary of State.
  • Taxes – If you have formed a business or are conducting your business in Idaho then you will be required to file certain state or business taxes. The important taxes in the state are Business Income Tax, Permanent Building Fund (PBF) tax, and Sales and Use Tax.

Start your business in Idaho