Why do some businesses incororate in DE or NV?
What is the advantage or disadvantage?
Why do some companies incorporate offshore?
Any thoughts and words of wisdom are welcome.
i thought it was all gravy but thanks to the forgien inc act u gotta register
so I am thinking it isnt worth registering in another state that is outside your home state
growing up I knew Deleware was the in state... then i thought it was Neveda
now I thought Florida because of it no corporate tax
then I thought Wyoming because of it privacy
but after reading everything - it is best to do it in your state
yes there are tax breaks but what the point of the tax breaks if you gonna have to pay taxes again as a foreign corporation kinda of defeat the purpose of not being double taxed and really it a headache
Keep It Simple Smarty and register in your state
Let your CPA and Tax lawyer advise you the best move if you arent sure
Nobody told you that if you incorporate your business out of your state or where you are going to have a physical structure (even a home office) you will also have to request a license to do business in your state ? If you live in Florida for instance, but you incorporate your business in Delaware, you will also have to file a Foreign Qualification papers in FL. Otherwise, you will have to go to DE to open a checking account and also have to pay a virtual office to have your legal address in DE.
I think that incorporating out of your home state is not such a good idea as it semms to be.