View Single Post
Old 10-09-2002, 12:13 PM  
strainer
Confirmed User
 
Join Date: Oct 2002
Location: Philadelphia
Posts: 418
Your own state is where you want to incorporate, unless you are planning to go offshore or something.

Otherwise, in order to open a local bank account you'll have to register as a "foreign corportion" and just go through even more bs every step of the way. You'll have to file some sort of a return as a foreign corporation in your own state anyway.

In most states you will will only pay $200-$300 a year "franchise tax" as long as you work it out so that the corporation only breaks even and doesn't make anything.

All of this assumes you live in the U.S., that is.

S.T.
strainer is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote