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Be prepared to pay out the ass if you are thinking of incorporating in California in both corporation fees and yearly taxes. Also, the paperwork is a fucking nightmare (regardless of where you incorporate), yet it must be kept up properly or you may as well not incorporate in the first place, because a court can still find you liable if the judge feels you incorporated simply to escape responsibility. It's called piercing the corporate veil, and yes... they can still take everything you've got.
I strongly suggest you talk to two people:
A very experienced tax person.
A very experienced lawyer.
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SIG TOO BIG
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