Answered Question

bizneed

M$1.00 Funded By Mahalo ? | March 10, 2009 06:28 PM

How would you operate an incorporation in Delaware if you corporate headquarters is in California? Isn't there Double taxation?

I wanted to open a Delaware corporation but then the lawyer suggested to open a Californian Corporation because I live here or else I would be liable for 2 state taxes and would have to register in California anyways. If the answer is different then what I got can you elaborate on the answer?

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tjgentle

March 13, 2009 09:49 PM

At the state level, taxes get attributed to the states from which revenue is derived. So if you are DE corporation doing business in CA, you would pay the standard annual filing fee in both states (which is sort of a base line tax) but you would not pay income taxes for the same revenue twice.

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