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You're confusing domicile with state of incorporation. E.g. A Delaware corp resident in Nevada pays no state income either. As others have said, if you plan t
by chrismaeda 10y ago
You're confusing domicile with state of incorporation. E.g. A Delaware corp resident in Nevada pays no state income either. As others have said, if you plan to raise outside capital and have an exit, then you should be a Delaware C Corp. If you are planning a lifestyle business, then an LLC in your state of residence is fine.
- wheelerwj 10y agoim not confusing anything. Deleware C corp is beneficial for a lot of reasons. so is an LLC. Many startups might have both. Corporate structures are significantly more complex than: > if you plan to raise outside capital and have an exit, then you should be a Delaware C Corp.