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Originally Posted by ahoy
Been looking into this a little myself. Doesn't an C and S Corp have better tax benefits over an LLC though?
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You can file a single form to have an LLC taxed as an S-corp, so no... they can be exactly the same. A C-corp has other benefits that an S does not... but a C-corp is a lot of work, and it can't be run by a single member like LLCs and S-corps can.
Quote:
Originally Posted by ahoy
Also, almost everyone I have talked to has advised setting it up in either Nevada or Delaware, I have yet to hear any horror stories of that back firing.
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Well, I've heard lots of stories too, and there's lots of them on the Internet. But I don't take my legal advice from incorporation promoters because most of them lie. What I do know is the facts of running a corp. And if you do business in a state as a corporation, any state, you must be registered there as either your primary state of business or as a foreign corp. Either way you're paying those fees.... or you're walking on the wild side hoping not to get caught. If that's acceptable to someone for their business... more power to ya. I'm not going to do that though. Not a fan of IRS trouble. I've looked into it probably a thousand times over the last decade.... it's not a good idea in my opinion, for what it's worth.
