I'd like to organize my side hustles under a very general company. I do hire people, but always as contractors, no employees. I don't need investor money and have in intentions of ever taking a partner.
Do I but the bullet and pay Massachusetts $ 500 formation and $ 500 annual fee? That's a sizable amount of money each year for a smaller business entity like me. Or do I form an LLC in New Jersey or Delaware instead? Or do I file for a corporation instead and pay only $ 275 plus the $ 125 a year fee. Crazy how having a corporation is cheaper than having an LLC in this state.