Forming an LLC? The ONE Legal Mistake Small Businesses Make! (State Registration) - Considering forming an LLC for your small business? While the process of filing is simple enough that most people can do it themselves, there are two critical legal decisions you should consider: Choosing a State for Your LLC: Picking the right state has pros and cons that can have long-term legal and financial implications. It is a decision where legal guidance can be beneficial. Registering to Do Business: If y
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Most non-residents make them without even realizing it until it's too late. ❌ Mistake 1: Forming an LLC but using the wrong business address Banks need this to verify your business and open accounts. Without the right address, you might as well close the LLC yourself. ❌ Mistake 2: Forgetting your state deadlines If your LLC falls inactive, your bank can freeze your account and you lose legal protections from the state. ❌ Mistake 3: Assuming zero income means zero filings If your LLC is foreign-o
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