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Have I got this right? If you set up a company in Delaware, and then had your actual operating offices elsewhere (say San-Fran), you wouldn't need to pay any c
by TomGullen 14y ago
Have I got this right? If you set up a company in Delaware, and then had your actual operating offices elsewhere (say San-Fran), you wouldn't need to pay any corporation tax? Or would you need to pay it in San-fran?
- vellum 14y agoIf you want to open a business bank account in California, you need paperwork from the California Secretary of State. HSBC, Chase, Wells Fargo all asked for it. If someone managed to get an account without the paperwork, I'd like to know where.
- drone 14y agoIn most states, as I'm fairly sure is the case with California, you would register as a foreign entity in California, and would pay taxes in California relative to the income produced in California. Which, if you were a Delware Corporation with all of your resources in California, would be 100%. Edit: Here's your California SOS FAQ on the subject: http://www.sos.ca.gov/business/be/faqs.htm#form-question7 http://www.sos.ca.gov/business/be/faqs.htm#form-question7
- rprasad 14y agoYou pay a "franchise tax" to whatever state you actually operate in, regardless of where you are incorporated. Thus, if you are incorporated in Delaware but based out of California, you would be subject to taxation in both Delaware and California.