4 ms·
Good post, getting incorporated (or making an LLC) really IS that easy, and I've not seen anyone outline the process so succinctly before. One comment: You do
by pzxc 16y ago
Good post, getting incorporated (or making an LLC) really IS that easy, and I've not seen anyone outline the process so succinctly before.
One comment: You don't NEED to incorporate in delaware, unless you have specific liability reasons for doing so. Incorporating in your own state is usually cheaper and easier, so unless you have specific protection you want that only a delaware corporation corporation can provide (or nevada, they're also good), don't bother and just use your home state.
Also don't forget that there are upkeep costs for a corporation or LLC, certain paperwork (usually annual) that you have to keep up with and file each year to maintain the corporation.
- rorrr 16y agoDifferent states have different tax rates. Delaware wouldn't be my choice though. Nevada, Washington, and Wyoming do not have state corporate income taxes. http://www.taxfoundation.org/taxdata/show/230.html http://www.taxfoundation.org/taxdata/show/230.html http://www.taxadmin.org/fta/rate/corp_inc.pdf http://www.taxadmin.org/fta/rate/corp_inc.pdf
- jackolas 16y agoSadly here its more expensive to file the one LLC form then the equivalent corporate form. (Yes corporate entities need more forms but its bizarre.)