LLC Nevada or Delaware?

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • spacedog
    Yes that IS me. Bitch.
    • Nov 2001
    • 14149
    #1

    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....
    Tags: None
    • Jon Clark - BANNED FOR LIFE
      North Coast Pimp
      • Dec 2005
      • 9395
      #2
      What ever you do stay away from the guys in the back of the business mags.....

        Comment

        • L-Pink
          working on my tan
          • Mar 2005
          • 39151
          #3
          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.

            Comment

            • zagi
              Confirmed User
              • Jan 2004
              • 1238
              #4
              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
              Managed US/NL Hosting [ [Reality Check Network ]
              Dell XEON Servers + 1/2/3 TB Packages ICQ: 4-930-562

                Comment

                • spacedog
                  Yes that IS me. Bitch.
                  • Nov 2001
                  • 14149
                  #5
                  Originally posted by L-Pink
                  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.
                  my share would be 100%.. so, if I go with close corp., hmm.. I need to think this through before doing anything...


                  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...

                    Comment

                    • Webby
                      Too lazy to set a custom title
                      • Oct 2002
                      • 14956
                      #6
                      Originally posted by Jon Clark
                      What ever you do stay away from the guys in the back of the business mags.....
                      XXX TLD's - Another mosquito to swat.

                        Comment

                        • venus
                          Confirmed User
                          • Jan 2003
                          • 3112
                          #7
                          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.
                          Muscle/Fitness Adult Affiliate Program
                          Since 1997 www.venuscash.com

                            Comment

                            Previous template Next
                            Working...