I am based in California. The service/clients will be performed & located in various states throughout the US. I will be paid via 1099 via another company based out of Georgia. In effect I am operating as an outside sales company for the Georgia based production firm. Once the service is completed the GA company will mail/wire me a check and 1099 me. What company is best to form an LLC in? California, Nevada, Delaware? If I form an LLC in NV or Delaware will I have to file something to do business in the other states? THANKS!!!!!
2007-12-18 11:04:10 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Unless you're involved in a risky venture and need to isolate your personal assets from business liability claims, don't waste your time or money with a corp or LLC. Either will probably cost you extra money in State taxes and won't save you a dime in Federal taxes.
Stick with a Sole Proprietorship and buy a general liability policy if you need to protect your business and/or personal assets.
2007-12-18 11:45:08 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
IF you want to form a corporation, Delaware is very flexible with its laws, in terms of what is required. Rememebr that DE is the state where most corporations are listed. Now the catch is that DE does have high corporate taxes. Depending on what you want to do, compare Nevada and Delaware, both are friendly towards business.
2007-12-18 14:49:22 · answer #2 · answered by girlygurl23 2 · 0⤊ 0⤋