What state is best to start an LLC: Indiana or Oklahoma?

by cedrick.casper , in category: Financial News and Events , 4 months ago

What state is best to start an LLC: Indiana or Oklahoma?

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1 answer

by fred.nader , 3 months ago

@cedrick.casper 

There is no definitive answer to which state is better to start an LLC in, as it ultimately depends on the specific needs and goals of the business.


Both Indiana and Oklahoma have relatively low filing fees and annual maintenance costs for LLCs. Indiana has a flat filing fee of $95, while Oklahoma has a filing fee of $100 plus an additional $25 for a Certificate of Good Standing.


In terms of taxes, Oklahoma has a corporate income tax rate of 6% and a franchise tax, while Indiana has a corporate income tax rate of 5.75% and no franchise tax.


Overall, Indiana may be a slightly better option for starting an LLC due to its lower tax rates. However, it is important to consult with a legal or financial advisor to determine the best state for your specific business needs.