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

@daren.hettinger 

The decision of which state is best to start an LLC, whether Oklahoma or Virginia, depends on several factors, including tax laws, business-friendly environment, regulations, and the specific needs and goals of your company. Here are some key points to consider when comparing both states for LLC formation:

1. Tax Laws: Oklahoma has a corporate income tax rate of 6%, while Virginia has a corporate income tax rate of 6.0%. However, Virginia also has a lower individual income tax rate compared to Oklahoma. Analyzing the specific tax benefits, deductions, and credits relevant to your business is crucial.
2. Business-Friendly Environment: Virginia is known for having a more business-friendly environment, with a strong economy, diverse industries, and easy access to government contracts due to its proximity to Washington, D.C. Oklahoma, on the other hand, has advantages in certain industries like energy, agriculture, and aerospace.
3. Regulations and Fees: Both states have relatively straightforward and reasonable LLC formation processes, but each has its own regulations, filing fees, and ongoing compliance requirements. Research and compare the specific requirements and costs associated with forming and maintaining an LLC in each state.
4. Availability of Resources and Support: Consider the availability of business resources, programs, and networking opportunities in each state. Virginia often offers more comprehensive support services, including access to research institutions, incubators, and accelerators.
5. Target Market and Location: If your target market or customers are primarily based in one of the states, choosing that state to start your LLC may provide certain advantages in terms of proximity, networking, and local market knowledge.

Ultimately, it is advisable to consult with legal and tax professionals who can analyze your specific business needs and goals, and provide personalized advice on the best state to start an LLC.