When you’re starting a high-ticket dropshipping business, one of the first decisions you’ll make is where to form your LLC. I’ve helped hundreds of entrepreneurs navigate this choice, and trust me, it’s not as simple as picking a random state. The two heavyweights in the LLC world are Delaware and Nevada, and both have legitimate […]

Colorado is one of the most affordable states to form an LLC, with a $50 filing fee that’s among the lowest in the country. If you’re starting a high-ticket dropshipping business or any ecommerce operation in Colorado, the formation process is straightforward and relatively inexpensive. I’ve helped many Colorado-based entrepreneurs through the formation process, and […]

If you’ve started an LLC and are generating income, you need to understand self-employment tax. It’s one of the biggest surprises for new business owners because the math is harsh: you’re paying 15.3% on top of regular income taxes. I’ve worked with hundreds of ecommerce entrepreneurs who didn’t realize how much SE tax they’d owe […]

If you’re running an ecommerce business from California, you’ve probably heard the horror stories about the state’s $800 minimum franchise tax. The rumors are true: California charges this flat fee every single year, regardless of whether your LLC makes a dollar or loses money. It’s one of the most aggressive state taxes in the country, […]

If you’re starting an ecommerce business with a partner, one of the first decisions you need to make is how to structure your business. The two most common options are forming an LLC or operating as a general partnership. And while both can work, there are critical differences in liability protection, taxes, and management that […]

This is one of the most asked questions I get from new entrepreneurs, and the answer might surprise you. Yes, you can absolutely form an LLC in a state where you don’t live. It’s completely legal, and millions of business owners do it every year. But whether you should is a very different question, and […]

Illinois is one of the largest business hubs in the Midwest, and forming an LLC there is a solid choice if you live in the state or plan to do significant business there. The process is straightforward, but there are specific costs, requirements, and considerations that you need to understand before filing. I’ve helped hundreds […]