r/llc

Which are the best US states to form an LLC in - and why?

I'm just starting my business and everything I read says wait until you get your final LLC papers and your EIN to apply for a business bank account and credit card. First of all, is this good advice as I have a very good credit score and for now the business is just me? Also, Can I still count something as a business expense if I pay for it out of my personal account then later pay myself back? Right now I'm mainly concerned with the Articles of Organization fees and the fees to advertise in the newspapers here in NYC.

Hope you all are doing well.

I have a Shopify store but I can't accept payments yet as an individual since the country I am in does not accept foreign currency etc.

I was going to make a US LLC but then I heard it's risky/pain in the ass to deal with IRS penalties, plus American fintech banks require hefty subscriptions for business accounts. (that $25000 irs penalty scared me)

But I heard from a friend that Swiss LLCs or LTDs might be a better solution in my case.

What do you guys think? I would really love to hear your recommendations. Thanks. ​

So I started this LLC last year thinking it would blow up but it kinda fizzled and I completely forgot it even existed. Friend mentioned annual reports are a thing and if you miss them theres fines or worse. Is this a huge deal, would appreciate any advice

I registered LLC few years ago and also acquired ein but business did not fly, I have been paying annual state fee every year, but nothing else on ein side..
Now I just want to shutdown so that I dont keep accuring fines.

Any company or professional out there available for help?