I want to add more to this...The reason why most people incorporate in Delaware or Nevada is because of the Low tax (franchise tax) that you`re charged yearly, the other benefit you have is that, when you register your corp in any of these two states, your personal information is not shared with the IRS or public records, which makes all board members private.. most people do it for privacy... But here is where you will run into problems... In order for you to be a Delaware Corporation, you have to do the following:
1. Have a business phone number in Delaware
2. An physical address in Delaware
3. Establish a Bank Account in Delware
Are you willing to travel out there just to go establish the three requirements? Now there`s a way around that, you can pay a Company to do all that for you... its called a "virtual office".
A virutal office runs about $1,500.00 a year, here is what they do for you.
They provide you with your own phone number, they give you a virtual office with mail box, and they open a bank account for you.
Ok, so now you`re Incorporated in Delaware, so what about your minutes? its not even worth it.
Here is another thing about California, the minute you register your business as a foreign Corp, all board members information has to be disclosed to the State, so where`s the benefit of being private in other states?
Honestly, save yourself and your tax people the trouble... If you`re in California, the $800.00 is not that bad...
Use the $1500.00 for marketing or inventory...
Now as for the comment about mycorporation.com, I can`t say bad things about them, I used www.corporate.com, the company corporation and I was treated with respect and good customer service..
Nuevolution11/30/2007 2:26 PM
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!