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Don't forget state taxes - if you are an internet-based company and have no central office, there is really nothing keeping you bound to whatever state you live
by lubujackson 16y ago
Don't forget state taxes - if you are an internet-based company and have no central office, there is really nothing keeping you bound to whatever state you live in. Look into moving the HQ to a state like Nevada - you can pay people to be a "registered agent" which means your business mail MUST go to that person and they'll forward it on to wherever you are.
Consider this "gray hat" tax advice. The tax code isn't built to handle companies without a true physical presence. They look to see where your main office is - if you don't have any, you can pretty much claim whatever state you choose. There may be rules about how long the HQ has to be in a state to qualify for the tax year, but I think that's it. Certainly ask your accountant/lawyer for more details and about the letter of the law here.
- rprasad 16y agoTwo different issues. The sale of a company is a taxable event to the owner(s), not the company. It does not matter where the company is located, it matters where the owner is located. That's why Arrington moved to another state while he was in talks to sell TechCrunch, but left TC in Cali. Also, the danger with multi-state companies (i.e,. incorporated in one state but with operations in other states) is that they can subject themselves to the taxes of each state in which they have a presence. It is settled law that presence can include facilities or employees even if the business is HQ'd in another state.