Answers to your starting a business questions

We answer a ton of questions daily.

We get questions from veteran business owners, and people just starting out. We get all kinds of questions, ranging from the elementary to the complex. We use our vast experience to answer our client’s questions correctly.

Questions and Answers

What are some of the types of questions we answer?

One of the most often asked questions has to do with entity types. People want to know which we consider the better choice, a corporation or an LLC. As nice as it would be to have a definitive answer, conditions change from state to state. You may decide an LLC works for you in Delaware, but not in New York for instance. It ultimately comes down to a personal choice, but you have to admit it is a whole lot easier to make a decision if you aware of all the little details.

Here are some example questions and answers.

Q: Should I start an LLC or a corporation?
A: The first thing one should do is take a look at the annual fees for LLCs and corporations. Then consider the department of revenue. Some states charge higher fees for LLCs than others. Compare the fees for starting an LLC with the corporate or franchise tax and see which is lower.

Q: Which is the best state to start a corporation?
A: In our opinion Wyoming has consistently been the best state in which to incorporate. There are no corporate income taxes, and no personal income taxes. Year after year, it ranks number 1 on the most business friendly states to incorporate in lists.

Q: Is it necessary to have an LLC?
A: Not necessarily, but it may be a good idea. If you are the sole proprietor of your company, there isn’t much protection between your personal assets and your business assets. Many people form a Corporation or LLC to separate their personal assets from their business assets.

Q: How long will it take to get my business filed?
A: It all depends on the state. Our site gives you the time frame that the state in question uses. All the information can be found on our site. The good thing is that most states offer expedite options. You may also have the option of filing online.

Q: So what is a registered agent anyway?
A:  Basically a Registered Agent is a person or company that receives important, official mail on your behalf.  You’re required to keep a registered agent and registered office address in every state you are registered to do business in. -see more at

Besides the fact that it is required, you would want one to make sure you are getting all your important documents.

Is it such a big deal if you decide not to hire a registered agent? Well, that is up to you, but consider the consequences if you don’t. Sure you may never get served with a legal notice, but if you do it will cost you in penalties and loss of business status, not to mention your liability shield. So, personally I would not recommend it.

What makes our answers so different?

No one answers the type or quantity of questions we answer or with the same specificity. We operate in every state and need to know all the ins and outs of how to best do business with each state.

We take questions many different ways. If you have a question, feel free to contact us via facebook, twitter, Gplus, over the phone or email.

===================== UPDATE =====================

Since answering questions is such a big part of what we do, we thought it would be a good idea to launch a site devoted entirely to answering your questions.

We are early in the development and design stages. Stay tuned for more information. I will post an update here when we get ready to launch.

- Drake Forester

About Drake Forester

Drake spent the early years of his life working at a locally owned sawmill and enjoyed living in the woods. His life experiences have crafted a unique real world perspective to the law and real world industries. The logging industry was effectively shut down from the North American Free Trade Agreement (NAFTA); the mill closed, and the town basically died. NAFTA reinvented Drake's career by paying for him to go to law school. As the chief legal strategy officer, Drake's role at Northwest guides our company and our clients through the vast bureaucracy we all deal with when running a business.
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