Looking for advice on this situation. Wyoming LLC for Privacy - How Anonymous Is It Really? Anyone been in this spot?
Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?
The "best state" for incorporation depends entirely on your specific situation. Delaware makes sense for VC-backed startups. Wyoming for privacy. Your home state for most small businesses. Don't pay extra for a fancy jurisdiction if you don't need the specific benefits.
Update: Thanks everyone for teh guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.
I learned the hard way: if you have a 50/50 partnership, you MUST have a deadlock resolution mechanism in your operating agreement. Mediation, buyout provisions, something. Otherwise you'll be in court.