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I'll take a look, but it was my understanding that almost everyone incorporates in a couple states (Delaware, Nevada, Wyoming) for both tax and standardization
by api 12y ago
I'll take a look, but it was my understanding that almost everyone incorporates in a couple states (Delaware, Nevada, Wyoming) for both tax and standardization reasons.
Is there a good reason to just incorporate in your home state instead?
I do plan to AAL (ask a lawyer) of course, but I'm curious about the HN community's thoughts.
Another question for HNers: where do most angels/VCs want to see an entity incorporated? I've heard Delaware for standardization of legal framework reasons. I guess I could Google incorporation records for some YC companies and just look. :)
- MichaelCrawford 12y agoI don't really know but I've heard that one incorporates in Nevada so that one can hide one's identity. You need a registered agent for service of process who physically resides - not just works - in the state of incorporation. For my company, at the time I lived in California so I just made myself the agent, so I wouldn't have to pay someone else to do it. If you have a service incorporate for you, you'll have to pay them to be your agent each year. It's not much but you do have to pay.