4 ms·
Starting a business is extremely simple and very cheap (except CA, where it's $800 minimum per year, which is ridiculous). Look at Nolo Press books for legal q
by georgieporgie 15y ago
Starting a business is extremely simple and very cheap (except CA, where it's $800 minimum per year, which is ridiculous). Look at Nolo Press books for legal questions you might have, or pay for lawyer consultation.
Keep in mind that if you like in, say, CA, and start your business in VA, you 1) are on the hook for CA taxes so long as nexus is established (primarily, if you live in CA) and 2) have to register as a foreign entity in any state in which you conduct any business beyond sales, otherwise you lose the legal protection of a corporation.
I always point these out to people because so many start companies in NV or DE, but it's all pointless once examine the legal implications. Unless you're a big enough company to have staff lawyers, you almost certainly don't want to incorporate outside your home state.
- dotBen 15y agoUnless you're a big enough company to have staff lawyers, you almost certainly don't want to incorporate outside your home state. If you're looking to incorporate a future/aspired venture-funded startup you need to incorporate as a Delaware C-Corp, regardless of your state of nexus. That's just what any investor is expecting.
- georgieporgie 15y agoI don't see why you can't simply move your corporation when the need arises. I've already done it once, it just took a call and a letter to the IRS. In the meantime, if any legal problems come up, you're going to have to go to court in Delaware (maybe you can force something in all EULAs that designate your local courts), plus you're going to have to file to do business in your state of nexus.