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Best State to Form an LLC

As a business attorney, a common question from my clients is "what is the best state to form an LLC?" This video will let you know where to set up your LLC from both a fee and an asset protection perspective. This video explains (i) what are the top 3 best states to form an LLC, (ii) out of those 3, what is my choice as the best state to form an LLC, and (iii) what should you do about your home state or the state in which you do business? It is important that you form your LLC in the right state to maximize asset protection, both with regard to your personal assets and your LLC's assets. 00:00 Introduction - Best State to Form LLC 00:12 Why Not Home State? 01:22 Top 3 States for Your LLC 01:52 Goal #1: Protect Your Personal Assets from LLC Liability 02:50 Single Member LLCs at Risk in Many States 03:27 Top 3 States Best for Single Member LLCs 03:51 Goal #2: Protect LLC Assets Personal Liability of Member 04:46 Charging Orders Explained 07:11 Goal #3: Keeping Members Anonymous 07:52 Discussion: Which State is Best out of Top 3? 12:49 What To Do in Home State / Business State It's important to follow certain steps after you form a Limited Liability Company to ensure liability protection and personal asset protection. To learn more about the other 5 primary steps with 5 additional tips for after you set up your LLC, go here:    • What To Do After Forming an LLC - 6 C...   If you want a very high quality attorney-drafted Operating Agreement (and/or other contracts and forms), note that a related company of mine is offering them at a fraction of the price you'd pay an attorney. Go here to learn more (and receive a 10% discount): https://www.attorneydrafted.com. If you need a virtual office address so you can have a professional address outside your home, this company is in almost all states (and some other countries as well): https://bit.ly/AllianceVirtualOffices (affiliate) If you want more details on what should go into your LLC Operating Agreement, go here:    • What to Include in Your Operating Agr...   If you want a free template Operating Agreement, I have a video walkthrough on how to create an Operating Agreement for free here:    • Operating Agreement for LLC (Free Tem...  . If you have not yet set up an LLC, the link to my video on "How to Form an LLC (Limited Liability Company)" is:    • How to Create an LLC In 15 Minutes On...   If you are not yet sure what entity is best for you, here is the link to my video on how to choose the best entity for your business:    • LLC vs S-Corp vs C-Corp vs Sole Propr...   If are doing business in California and you prefer to have an attorney form your entity or draft your contracts, feel free to reach out to me via my website: https://www.chrisjacksonlaw.com. Thank you! Best regards, Chris Jackson @cjlawvideos //BIO// Hi, I'm Chris Jackson. I have over 25 years of experience as a business attorney. I'm also an entrepreneur who has owned, managed and sold at a significant profit multiple franchise coffee houses. In addition, I have finance and operational experience as a Chief Operating Officer (COO) of a large company. //DISCLAIMER// Disclaimer: Note that nothing in this video is intended to create an attorney-client relationship. This video and my channel are for general information and entertainment purposes only and should not be construed or relied upon as legal or tax advice (generally or specifically). You should not act or rely on any of the information contained herein without seeking professional legal advice. #limitedliabilitycompany #llc #assetprotection