Ten minutes now, everything filed within 48 hours.

Where should the LLC be formed? For an online or service business owned from abroad, Wyoming and New Mexico are the usual picks; Delaware if investors are involved; Florida or Texas if you want a large-state name.

Delaware$195

The best-known jurisdiction for investors and holding structures, with a specialised business court.2–3 weeks (expedite available) · Franchise tax $300

Florida$210

No state income tax, fast filings and a large international banking scene.2–5 business days · Annual report $138.75

New Mexico$135

The lowest running cost in the country: no annual report and no annual fee.1–3 business days · None

Texas$385

A large economy, no state income tax, and a name that reads well on an invoice.3–5 business days · Franchise tax report (no tax under threshold)

Wyoming$185

The favourite of non-resident founders: low fees, strong privacy, no state income tax and no citizenship requirement.1–3 business days · Annual report from $60