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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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12-03-2006, 09:55 PM
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#1 |
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Yes that IS me. Bitch.
Industry Role:
Join Date: Nov 2001
Posts: 14,149
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LLC Nevada or Delaware?
It appears that llc has no tax liability whereas corporation does, however, I found out that formation costs far less in Nevada & Delaware & the corporate agencies state there are advantages to formation in these states..
Can anyone familiar with this topic outline the advantages of Nevada or Delaware for formation of corporation, or in my case, I'll be going LLC.. Also, not physically being in those states, what pitfalls, headaches or grief would I have to deal with.... |
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12-03-2006, 10:07 PM
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#2 |
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North Coast Pimp
Join Date: Dec 2005
Location: 304-534-757
Posts: 9,395
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What ever you do stay away from the guys in the back of the business mags.....
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12-03-2006, 10:16 PM
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#3 |
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working on my tan
Industry Role:
Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
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Spacedog, the reason a LLC has no taxes is because they are passed directly to it's members. Your share of a LLC's taxes go on your personal income.
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12-03-2006, 10:19 PM
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#4 |
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Confirmed User
Join Date: Jan 2004
Posts: 1,238
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Also if your primary business is not done in that state, you will also incur your local state's taxes
 So there is almost no advantage for the averge joe to incorporate there.Now for mega corps it makes sense because the laws are heavily inclined to protect the owners from libalitiy in those states, or if you do business locally then you have significant tax advatages. Either way if you run a real business get a real accountant
__________________
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12-03-2006, 10:29 PM
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#5 | |
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Yes that IS me. Bitch.
Industry Role:
Join Date: Nov 2001
Posts: 14,149
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Quote:
 so, the corp would get taxed,, then I'd have to write myself a paycheck.. pay income tax on my paycheck, then deduct my own paycheck from my own corporations expenses & write it off as a business expense, lol... |
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12-03-2006, 10:32 PM
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#6 | |
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Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
__________________
XXX TLD's - Another mosquito to swat. |
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12-03-2006, 11:38 PM
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#7 |
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Confirmed User
Industry Role:
Join Date: Jan 2003
Location: Phoenix, Az
Posts: 3,112
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I have a neveda s-corp, the s-corp was chosen for me by my accountant, he asked me some questions to find out what would be best for me then said s-corp would save me the most, so thats what happened...
talk to a good accountant and get his opinion on what type of incorporation you should do. |
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