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Fellow Grand Rapidian here as well and business attorney. We also have low taxes. Pass-through taxation for flow-through entities (partnerships, LLCs, S Corpora
by jayess 12y ago
Fellow Grand Rapidian here as well and business attorney. We also have low taxes. Pass-through taxation for flow-through entities (partnerships, LLCs, S Corporations), a low income tax for C Corporations (1.8% if you have revenue below $20 million), low personal income tax (4.25%, non-graduated), low property taxes (for a homestead, generally about 1.5% of market value annually), and a reasonable sales tax (6% with no local sales taxes allowed).
Also, it's easy as pie to form an LLC or corp -- it's a $50 fee and generally effective the same day you email the form and payment to the state. Annual renewal is $25.
- walshemj 12y agoLow property taxes :-) for the house I currently live in the UK that would be around $10k per annum its actualy about 1/10 of that.