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#4
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| - quote - > I want to incorporate in a State with the lowest
Well, you can incorporate in any State that you want to.> incorporation costs and the lowest annual fees. > I will pay taxes in the States where I earn income. > Any ideas. However, you will need to register as a foreign corporation in the state you are based in. You do business where you live and work. No way around that. AND, depending on the business you are in, it may be more expensive to operate as a foreign corp. then a domestic one. Check with your home state for the rules. Good Luck. Bruce Raskin, CPA Phoenix, AZ << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| - quote - > I want to incorporate in a State with the lowest
You will need to inc orporate at least in the state in which> incorporation costs and the lowest annual fees. > I will pay taxes in the States where I earn income. the corporation does business, no matter what the incorporation cost. If you want to incorporate in other states as well, Colorado has a $0.99 incorporation fee (at least while their web-filing sale is going on). -- Thomas E Healy, CPA, PC 1650 38th St., Ste 202W Boulder, CO 80301 Please send email to: tom[at]tomhealycpa.com, since I block all email at my newsgroup address. phone (303) 443-1804 fax (720) 489-3772 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| Mike Torance MBA wrote: - quote - > I want to incorporate in a State with the lowest
fees where you are plus to the state where you incorporate.> incorporation costs and the lowest annual fees. > I will pay taxes in the States where I earn income. > It may not pay to go outside of your own state. Because if it's like California, you'll have to pay all the same annual Not only that but you may be required to pay an additional amount to your state to qualify the foreign corporation to transact business there. In other words, looking for the cheapest place to incorporate could end up being more expensive. Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| "Mike Torance MBA" <mjtorancemba[at]aol.com> wrote: - quote - > I want to incorporate in a State with the lowest
Mike,> incorporation costs and the lowest annual fees. > I will pay taxes in the States where I earn income. > Any ideas. Frankly, the cheapest will probably your state. Incorporating in another will result in you having to register in your own state as a foreign corporation and probably subject you to the same fees as a domestic corporation. Plus you'll have to meet the other states requirements and maintain a registered agent in the state. -- Regards, Mark Rigotti << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| The problem is that you will be stuck with the problem of domesticating your corporation in the states where you operate. A classic blunder is for a California-based business to fall for a promoter of Nevada incorporations. Incorporating and maintaining a registered agent in Nevada costs next to nothing. But that corporation is not allowed to operate in California unless it registers as a foreign corporation (and pays California franchise tax). To the business owner's belated surprise, it costs every bit as much to domesticate the foreign corporation in California as it would have cost to form the corporation in California in the first place. So unless you are one of the very big players who can take advantage of the liberal corporate governance provisions in corporation-friendly states such as Nevada and Delaware, you will get no advantage and a lot of extra cost and hassle for incorporating in a state other than the one where the bulk of your operations are. You could always move to Reno; it's a lovely city... -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| I want to incorporate in a State with the lowest incorporation costs and the lowest annual fees. I will pay taxes in the States where I earn income. Any ideas. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| cost, incorporation, lowest, state |
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