Tag: formation
4 posts
Illinois — the $250 LLC formation and the Cook County volume problem
Illinois has some of the highest LLC formation and annual fees in the country, plus a Cook County recorder that handles a meaningful share of all US business filings by volume.
Wyoming invented the LLC in 1977 — and built the anonymity gap on purpose
Wyoming created the modern LLC statute in 1977, decades before any other state. The anonymity features weren't an oversight — they were a marketing strategy.
Why Delaware — the Court of Chancery, not the formation fee
Every formation lawyer routes corporations through Delaware. The reason isn't the franchise tax or the SOS portal — it's a 230-year-old court with no juries.
The New York LLC publication requirement — why a $50 filing turns into $2,000
New York is the only state that requires newly-formed LLCs to publish notice in two newspapers for six consecutive weeks. The cost depends entirely on which county you file in.