To anyone up on latest laws in nevada (Delaware and IL hasn't changed in a while, last I checked)--Is it better for me to incorporate in IL or Delaware or Nevada for conducting business with the corporation in IL and why? Does it matter whether I am selling insurance and running a commercial real estate business under one corporation? How about if I'm incorporating myself to help with tax-deductible expenses, as I'm self-employed contractor?
2006-11-01 22:49:19 · 3 answers · asked by Misheel C 1 in Business & Finance ➔ Corporations
The best is Delaware by far, followed by Nevada and Wyoming.
go to this site http://www.thecompanycorporation.com for further advice.
2006-11-02 01:34:38 · answer #1 · answered by Latin Techie 7 · 0⤊ 0⤋
notwithstanding in case you incorporate in yet another state which incorporate Nevada or Deleware while you're doing buriness in California you're undertaking to California rules and being integrated in yet another state won't preserve you from federal or state rules and taxes. on condition that your organization has a actual presence in Nevada or Deleware do you have the criminal protection by capacity of incorporating in that state. Even then in case you employ out of your state of incorporation you're undertaking to the guidelines of that state. It would not remember that all and sundry your organization is carried out on line. advice in case you have severe factors to guard circulate your on line company to Nevada. Navada has the main company friendly rules. in spite of the indisputable fact that, in case you open your organization in CA then circulate it the feds would be directly to you. What I propose by capacity of it is NEvada is the only state that refuses to share information with the FEDs and has no state income taxes on firms. (in basic terms sales tax) yet a company that has already been prevalent in yet another state then moved to NV indicators the Feds which you're doing company in Nev and can and could presue you with the belief you're hiding income. the terrific and in basic terms state to incorporate in is the state the place your businesss is bodily working. you are able to function in extra thatn one state in spite of the indisputable fact that, we could say you have your spouse working the corporate in NEv and you're in CA. The area of the corporate it incredibly is carried out in CA is undertaking to CA regulation and taxes, in basic terms as in case you have been integrated in CA. Having a resident agent for service isn't the comparable using fact the corporate having a actual presence.
2016-10-21 03:26:24 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The best state I can think of is.....any good state of mind.
2006-11-01 22:52:08 · answer #3 · answered by queenb 2 · 1⤊ 0⤋