1 year, 7 months ago
via ask.inc.com
What is the best state to incorporate in for tax reasons?
Taxes on businesses vary greatly from state to state. I understand that many businesses incorporate in Delaware State as the taxes on business are very low, and there are significant incentives for businesses to relocate there. What are the best states to incorporate a new business in, and for what reasons?
images:
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$1 Answer
Hi @vesper!
The best states to incorporate because of the tax advantages are Delaware and Nevada. These states offer unique advantages for certain types of businesses.
These are some advantages of incorporating in the state of Delaware:
*The requirement for taxes are often favorable to companies with complex capitalization structures and has large number of authorize shares of stocks
*The state does not require personal income tax for non-residents. And it does not require director or officer name or member/manager names to be listed in formation documents giving you a level of anonymity.
*Stock shares owned by persons outside Delaware are not subject to Delaware taxes.
These are some advantages of incorporating in the state of Nevada:
*The state has no state corporate tax and you are not required any fees on corporate shares
*There is no personal income tax or any franchise tax for corporations or LLCs
Source:
http://www.bizfilings.com/learn/which-state-incorporation.aspx
The best states to incorporate because of the tax advantages are Delaware and Nevada. These states offer unique advantages for certain types of businesses.
These are some advantages of incorporating in the state of Delaware:
*The requirement for taxes are often favorable to companies with complex capitalization structures and has large number of authorize shares of stocks
*The state does not require personal income tax for non-residents. And it does not require director or officer name or member/manager names to be listed in formation documents giving you a level of anonymity.
*Stock shares owned by persons outside Delaware are not subject to Delaware taxes.
These are some advantages of incorporating in the state of Nevada:
*The state has no state corporate tax and you are not required any fees on corporate shares
*There is no personal income tax or any franchise tax for corporations or LLCs
Source:
http://www.bizfilings.com/learn/which-state-incorporation.aspx
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$Report Abuse
