Quote:
Originally Posted by SallyRand
OK, you do not actually have to do biz in the state in which you incorporate. You maintain the officail addy of the corp in that state and use your corp docs, EIN, etc to open bank accounts in your home state, although your home state may require you to register as "foreing corporation". You can generally use a PO Box in your home state for this purpose or a box at the local UPS Store.
The benefits apply to the corporatioin, regardless of where and how it does biz.
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If a person simply did what you stated above, they will lose the tax benefits of the state that they incorporated in and become liable for taxes in the state and city that they are doing business in. They need to demonstrate nexus in the state of incorporation.
Don't get me wrong, people get away with it but someone could report them for a reward. It's risky if you ever end up in litigation.