Open Brainstorms
What is the best U.S. state in which to form a corporation or LLC in terms of accounting and tax benefits?
I'm considering forming a business. I will be its owner but I want to know (1) what is the best form of business and (2) in what state would it be best to incorporate? I realize there are certain advantages to certain business forms and locations (example: Delaware corporations) but I'd like to know specifics.. thanks.
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Brainstorm Info
| Creator: | braintrustjoliet |
|---|---|
| Created: | 6 months ago |
| Activity: | 6 months ago |
| Users: | 4 |
| Ideas: | 5 |
Top Brainstormers
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5.
I was asked this yesterday on Yahoo answers; until you hit $1m in net profits, your need is unnecessary and you would let your acct deal with this, your job is to bring in sales and profits. START where you are.
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4.
delaware or nevada
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3.
If your business is national or international, incorporate in Delaware (as LLC or Corporation) in case your business becomes big; then you will be able to take advantage of the business-friendly laws of Delaware. Once you incorporate in Delaware, then file for a Certificate of Authority in the state where your business is located or where you do the most business. If your business is localized to a specific state (e.g. a retail store in Texas), then incorporate in that state.
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2.
If most of your business is done outside the US, then Delaware should be good.
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1.
The state in which you conduct the most business or live in.