Best Practices on When and Where to Form Your LLC

by a searcher from The Interdisciplinary Center Herzliya

2 weeks ago

Hi all!
I'm a part-time searcher on my way to becoming a full-timer (in 2025!), and I'm looking for best practices on when and where to form my LLC.
I'm currently based in California and seeking business mostly in NYC, and I also plan to move there.
Should I wait to form the LLC until I find a business, or should I open it now?
Is there a go-to place where it's best to open your LLC, regardless of where you reside or where the business is located?

3 likes
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23 comments

searcher from Cornell University

something that no one has mentioned about having an LLC is that you can deduct expenses you have incurred during your search. If you wait until is needed you may have lost the opportunity to expense cost of memberships, gas (in case you drive to meet owners), legal fees, etc

1 week ago | like reply | 0 likes

searcher from University of Central Missouri - Harmon College of Business and Professional Studies

If you are confident in how you want to structure the LLC (state of filing, partners, operating agreement, etc.) then its (other than the financial cost to file/maintain) it's okay to have in place now. If you are not confident in the 'structure', I'd wait as long as possible.

1 week ago | like reply | 1 like

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