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Phan Suay
Phan Suay
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Friday 28 November 2025 04:35:00 GMT
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I will die on this hill because there's so much bad business advice from non-attorneys out there.  And forming a business in Delaware is one of the worst “business hacks” being passed around like gospel. Let’s break this down: ➡️ Delaware does have favorable laws...for corporations. ➡️ It does have a specialized court system just for business disputes. ➡️ And yes, it doesn’t tax LLCs that don’t operate in-state. So why is this such bad advice for the average online business owner? Because the “advantages” don’t apply unless you: → Have investors → Need corporate case law to back you up → Plan to raise capital or go public → Are running a complex business with multi-state operations None of that applies to most coaches, consultants, or service providers. And yet this myth keeps spreading because: 🔁 Someone heard it from their accountant (and ya'll aren't even in the same industry!) 📱 Or worse, they saw it on TikTok 🧠 And no one explained the downstream consequences like double fees, foreign registration, or state-specific tax obligations Before you pick a state to file in, ask better questions: ✔️ Where do I live and actually do business? ✔️ What protections do I really need based on my risk? ✔️ Will this decision create more work without giving me anything in return? Spoiler: 9 times out of 10, filing in your home state is the smartest (and cheapest) move. 🎧 Want the full breakdown of how to properly run an LLC?  You can listen to my private podcast, The LLC Launch, where I walk you through not only how to form your LLC but how to properly maintain it, so it protects you, your family, and your personal assets.  Hit the link in bio to listen the podcast.  #llc #lawyersoftiktok #businessowner #businesstiktok
I will die on this hill because there's so much bad business advice from non-attorneys out there. And forming a business in Delaware is one of the worst “business hacks” being passed around like gospel. Let’s break this down: ➡️ Delaware does have favorable laws...for corporations. ➡️ It does have a specialized court system just for business disputes. ➡️ And yes, it doesn’t tax LLCs that don’t operate in-state. So why is this such bad advice for the average online business owner? Because the “advantages” don’t apply unless you: → Have investors → Need corporate case law to back you up → Plan to raise capital or go public → Are running a complex business with multi-state operations None of that applies to most coaches, consultants, or service providers. And yet this myth keeps spreading because: 🔁 Someone heard it from their accountant (and ya'll aren't even in the same industry!) 📱 Or worse, they saw it on TikTok 🧠 And no one explained the downstream consequences like double fees, foreign registration, or state-specific tax obligations Before you pick a state to file in, ask better questions: ✔️ Where do I live and actually do business? ✔️ What protections do I really need based on my risk? ✔️ Will this decision create more work without giving me anything in return? Spoiler: 9 times out of 10, filing in your home state is the smartest (and cheapest) move. 🎧 Want the full breakdown of how to properly run an LLC? You can listen to my private podcast, The LLC Launch, where I walk you through not only how to form your LLC but how to properly maintain it, so it protects you, your family, and your personal assets. Hit the link in bio to listen the podcast. #llc #lawyersoftiktok #businessowner #businesstiktok

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