NLIC.org

Greg Said:

My business partner wants to be an LLC, but can we 'register' that in another state while working in CA?cheap?

We Answered:

Yes you can live in one state and have your business registered in another.
I live in Wisconsin and my business (LLC) is registered in Las Vegas, NV
There are no state taxes in NV or FL

Robert

Yvonne Said:

What's your best car insurance quote? I'm with Budget at the mo, (ending in Sept) .....?

We Answered:

First of all - you will have to declare your speeding for another year (it takes 5 years to be spent)

Secondly - Budget are notorious in the industry for adding fees onto renewal letters - you probably have to pay a £20 renewal fee and £25.00 for legal expenses and if you pay by instalments an additional £30 for that! I suspect that:

a) The quote online is for pleasure use with a high excess or assumes other factors. Alternatively the quote may be through a different company with which Budget have an agency and Budget haven't bothered to check the market on your behalf.
b) They won't charge an admin fee for new business
c) They probably throw in the legal expenses free (it only costs them a pound!

I would look in the telephone directlry and find a local insurance broker - they will have the same agencies as Budget and you are far more likely to get a better service from them - all of which counts as well as the price.

Allison Said:

Can somebody please explain to me why some auto insurance companies are so cheap while most are outrageous?

We Answered:

It has to do with loss experience. The companies that have to pay out more losses have higher rates. Progressive will take anyone with any driving record. The smaller companies tend to be more selective, they only want people with clean driving records, they tend to not take younger drivers on their own (will only take them if they are on their parent's policy). It could also be that some of the smaller companies do not credit score yet. If your credit score is not great, this could be a factor too.
Before you purchase your policy, check on ambest.com & see the company's rating. If the company is rated A- or better, go for it. If they are any lower, don't. Usually, the smaller companies work with independent agents & you have an advantage there too. They represent more than one company and if you have a problem with one, they will have another. Also, they can help you with changes, insurance advice & claims.