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-   -   Nevada vs Wyoming vs Delaware LLCs? (https://gfy.com/showthread.php?t=797521)

Zango 01-06-2008 11:17 AM

Nevada vs Wyoming vs Delaware LLCs?
 
My head is about to explode with all the info I have been reading.

Anyone have good or bad experiences with any of these?

Major (Tom) 01-06-2008 11:41 AM

bottom line is you will have to pay taxes in the state you reside in anyway. And possibly taxes in the state you registered your corp in. you will defintley have to pay registered agent fees, and have to file in that state as well. we are a deleware corp and basically it has no benefits whatsoever.
Duke

Kingfish 01-06-2008 12:35 PM

Quote:

Originally Posted by DukeSkywalker (Post 13614079)
bottom line is you will have to pay taxes in the state you reside in anyway. And possibly taxes in the state you registered your corp in. you will defintley have to pay registered agent fees, and have to file in that state as well. we are a deleware corp and basically it has no benefits whatsoever.
Duke

I agree in only very rare cases are their advantages to registering an LLC or incorporating in a state other than you live in. In most cases it will just mean double the paperwork, double the fees, and you will still end up paying your state?s taxes anyway.

pornlaw 01-06-2008 12:48 PM

Register in the state in which you do business -- ie., receive your money and where you bank. Everything King and Duke said is 100% correct.

Get an accountant at least, and a lawyer.

Zango 01-06-2008 10:33 PM

Thanks for the replies! Solid answers.

I don't live in the USA, so was not so concerned about a state that I would live in. Though it sounds I would get hit for the states I do business in.

Zango 01-06-2008 10:36 PM

Quote:

Originally Posted by DukeSkywalker (Post 13614079)
bottom line is you will have to pay taxes in the state you reside in anyway. And possibly taxes in the state you registered your corp in. you will defintley have to pay registered agent fees, and have to file in that state as well. we are a deleware corp and basically it has no benefits whatsoever.
Duke

Duke,
Do you at least not have to pay taxes to Delaware?

LiveDose 01-07-2008 12:20 AM

Talk to a pro. Chances are you don't need to setup out of state.

Profits of Doom 01-07-2008 12:32 AM

If you register in Nevada there are privacy laws to protect you that other states don't offer, if that is attractive to you...

NinjaSteve 01-07-2008 03:55 AM

Quote:

Originally Posted by Zango (Post 13616433)
Duke,
Do you at least not have to pay taxes to Delaware?

From what I've seen you'd have to pay a $200 franchise fee.

NinjaSteve 01-07-2008 03:56 AM

Quote:

Originally Posted by Profits of Doom (Post 13616773)
If you register in Nevada there are privacy laws to protect you that other states don't offer, if that is attractive to you...

Do you have proof of this or a link or something?

NemesisEnforcer 01-07-2008 07:53 AM

Quote:

Originally Posted by NinjaSteve (Post 13617192)
Do you have proof of this or a link or something?

Nevada Corporate Headquarters explains some of this in their free e-book called Nevada Edge.

moneybiz 01-07-2008 08:25 AM

Delaware is what you should use.


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