I'm planning to launch a web app before the end of the year, and am forming an single-member LLC to which the web app will roll up through.
I've been bootstrapping for the last few months in trying to get this thing off of the ground, and all of funding has come from me personally.
I happened to be a resident of the state of New York, and I live in New York County. This is important because one of the stipulations in forming an LLC in New York State is that you must advertise your formation in publications in your county for a period of 6 weeks, and then send proof that you have done this to the State of New York. In New York City the average cost to do this is around $1300. And at best is $400 in any other county in New York.
I'd obviously like to avoid this fee if I can, so my question is, do I really need to form this LLC in New York vs. any other state that doesn't have this requirement? If I reach the point where I receive any funding, I imagine that I would be reforming as a C-Corp in Delaware anyway. The only advantage that I can think of in regards to forming in New York, is that as a New York State resident, I'll be filing my personal taxes in New York and so it may be better to form the LLC in New York as well.
Does anyone had a similar experience, is there any reason I shouldn't just form this LLC in a different state?