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IIRC, Nevada is pretty light on state taxation. Quick look at Wikipedia notes that there are no personal or corporate state taxes.
by bena 18y ago
IIRC, Nevada is pretty light on state taxation.
Quick look at Wikipedia notes that there are no personal or corporate state taxes.
- noel_gomez 18y agoIf you resides in California, don't you still need to pay CA business taxes?
- falsestprophet 18y agoYes
- anamax 18y agoIf you're doing biz in CA, I'm pretty sure that CA still collects corporate income tax. (I forget if CA still has a unitary corporate tax, but it definitely wants taxes on in-state profits.)
- hbien 18y agoUnfortunately, one of the downsides of CA is the $800 annual franchise tax =[. Can't get around it even if you incorporate somewhere else. Good news is, if you're an Inc you can waive the first year. LLCs can't though.