4 ms·

but do you have to pay Delaware or Nevada taxes?

• lsllc 6y ago
  I don't think so, I've heard the adage "taxes are paid where the money is made" (and Nevada has no income tax). I think the reason for a Delaware or Nevada LLC is on the registration fees, the organization aspect; the governance of the LLC -- it's easier to run, less regulation. Typically there's no way out of the taxes, because if your home state has taxes, they'll find a way to make you pay.
  • neltnerb 6y ago
    Yeah, exactly. I have no problem paying income taxes in the state I earn money in. I would have a problem having a precedent that I would need to file income taxes from the five different states my clients live in. But that doesn't sound like the case here, I wouldn't be an employee which seems to be the entirety of this cash grab's justification.
  • fennecfoxen 6y ago
    Besides “less regulation” Delaware corps are easier to run because the state has great government services and courts for these things. Companies incorporate there because it’s a de facto standard. There are many qualified lawyers specializing in Delaware corporate law. The rules are predictable. The filings and the forms are well understood and administration tasks can be completed in a straightforward manner.