• ____@infosec.pub
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      5 months ago

      As others have pointed out - costs a few bucks annually,and requires beneficial ownership report (free IIRC).

      Otherwise, it’s a tried and true tactic to pass businesses down through generations. An LLC vs. a corp vs a trust is a convo to have w/ lawyer barred in your state but the general premise is vaguely sane.

    • FireTower@lemmy.world
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      5 months ago

      Tldr: Don’t do this unless you have a business that requires a steam account for tax purposes. It doesn’t need to be successful but it does need to be real.

      Trusts are probably a better option for this sort of thing than a LLC.

      • shottymcb@lemm.ee
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        5 months ago

        There’s at least 10 states with no annual fee. Arizona is $50 to file, $0 annual fees, and no annual report to file.

        If you’d prefer your company to have voting rights, you can file in Rhode Island, and your company can vote in local and state elections without ever stepping foot in the state. Hooray late stage capitalism 😞

        • shottymcb@lemm.ee
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          5 months ago

          Not in Arizona. You don’t even have to live there, just have to file there.