LLC

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Asset Protection
Rick Mak

LLC Asset Protection: How to Protect Your Personal Assets as an LLC Owner

Forming an LLC is a powerful step toward protecting your personal assets, but it’s not a foolproof shield. Discover the essential strategies that can safeguard your wealth and the critical mistakes that could expose you to personal liability. From maintaining complete separation of finances to building business credit and ensuring adequate capitalization, learn how to fortify your LLC against potential threats. Don’t let common pitfalls undermine your hard-earned success. Dive into our comprehensive guide and equip yourself with the knowledge to protect your assets effectively in 2025 and beyond!

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LLC
Rick Mak

Texas Certificate of Good Standing: Fee and How to Order

Texas has no document titled Certificate of Good Standing. Its equivalent is the Certificate of Fact (Status), issued by the Texas Secretary of State, Business & Public Filings Division. Order it online through SOSPortal for $15; the certificate becomes available within 10 minutes. You can also order by email or mail with Form 806. Separately, the Texas Comptroller shows your franchise tax account status free online.

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Best State to Form an LLC for SaaS Businesses
LLC
Rick Mak

Best State to Form an LLC for SaaS Businesses

Form your SaaS company in Delaware if you plan to raise venture capital, because investors expect a Delaware entity and its Court of Chancery handles business disputes. If you are bootstrapping, Wyoming is the better choice: $100 to form, a $60 minimum annual report, no state income tax and private ownership. If you live and run the business in one US state, that state requires registration either way.

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Best State to Form an LLC for Startups
LLC
Rick Mak

Best State to Form an LLC for Startups

Delaware is the best state for startups that plan to raise venture capital, because investors expect a Delaware company and its Court of Chancery gives predictable business law. Forming an LLC there costs $110, plus a $400 annual tax. Bootstrapped startups get lower costs and more privacy in Wyoming: $100 to form and a $60 minimum annual report. Investors fund corporations, not LLCs, so a startup planning a priced funding round forms or converts to a Delaware C corporation.

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