I am looking to set up a distribution business in the States. I am familiar with the Federal tax benefits of a Delaware LLC. I would like to know which state has the least amount of tax to pay on business operations. I will probably set up on the SE coast. The short list possibilities are Florida, Georgia, South Carolina, North Carolina and possibly Alabama. Any advice or professional knowledge on this topic would be hugely appreciated.
2006-06-12 22:17:57 · 4 answers · asked by poo 2 in Business & Finance ➔ Taxes ➔ United States
Florida has some quite beneficial structures for businesses. As well as a healthy, pro-business tax structure, Florida is also a "right-to-work" state. This has a few nice benefits on the actual operational overhead issues if you are going to have any sort of staff.
I am not certain if you are looking at full incorporation or an LLC structure, but there is a nice little FAQ on both for Florida here:
http://www.floridaincorporationservice.com/pages/faq.aspx
Hope this helps!
2006-06-13 08:27:02 · answer #1 · answered by extremenerd 7 · 3⤊ 0⤋
On the short list you named Georgia has the best corporate laws and tax structure.
2006-06-12 23:22:24 · answer #2 · answered by dcholsted 2 · 0⤊ 0⤋
You might want to look into Nevada. I don't know the details but I know they offer a lot of freedom to businesses.
2006-06-12 22:22:12 · answer #3 · answered by Hillbillies are... 5 · 0⤊ 0⤋
I dont think NY is on the list....theres probably a good reason for that.
2006-06-12 23:06:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋