08-16-2003, 06:41 PM
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Confirmed User
Join Date: Jul 2001
Posts: 6,964
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Quote:
Originally posted by TheSaint
No, it makes no difference what state you incorporate in. In another state you must register as a "foreign" corporation and pay state taxes if you are domiciled there.
Most small corporations pay no taxes though, mine don't. That is because you have little net profit - all the proceeeds flow through to the owners as salary.
In most states unless you have brick and morter assets in excess of 100K or so your corporation only pays a franchise fee - like $300 as long as the net profit is minimal.
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you have llc's? |
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