Where to incorporate in the US? - GoFuckYourself.com

Kenneth K · 09-05-2003, 02:30 PM

... guess Nevada or perhaps Delaware - but don't know shit about the individual states - anybody wanna share some info?

Juicy D. Links · 09-05-2003, 02:32 PM

Talk to a knowledgable accountant regarding your business and such. Diferent types are better for different situations

directfiesta · 09-05-2003, 02:38 PM

Half of the fortune 500 are incorporated in Delaware ( Microsoft, Coca-Cola, Wal-Mart, etc...).

Seems that tax structure and rates is more " friendly". My corp is in Delaware but as a " foreign alien" the tax issue is not as important. I would concur that you should ask your accountant.

Kenneth K · 09-05-2003, 02:39 PM

Quote:

Originally posted by juicylinks
Talk to a knowledgable accountant regarding your business and such. Diferent types are better for different situations

going to do that for sure... keep em coming

Alvaro · 09-05-2003, 03:10 PM

why dont you incorpore in europe? gibraltar is a good option

Kenneth K · 09-05-2003, 03:23 PM

the main issue is the visa/mastercard issues - here in Denmark, we can get a merchant account, no problem, but we have to sell tangible goods when talking about adult...

and we're tired of switching payment gateways every month - so therefore, we are looking to get a more stable solution...

directfiesta · 09-05-2003, 03:29 PM

Don't Ibill and CCbill have EU division, processing for Europe???

Then no need for a corp in the US. Believe me, it has a lot of disadvantages such as legal responsability to a right wing witch hunting administration!

TheJimmy · 09-05-2003, 03:32 PM

Quote:

Originally posted by juicylinks
Talk to a knowledgable accountant regarding your business and such. Diferent types are better for different situations

...and laywer for that matter...

ditto to what DirectFiesta said...

NV is great for a few reasons, but DE is the choice of a lot of biggies for other reasons...

both have decent privacy, asset protection, tax breaks, friendly biz environments, etc...

but specifics for your situation are clearly best answered by accountants & laywers...

Kenneth K · 09-05-2003, 03:41 PM

we have tried talking with ccbill and others - the problem with ccbill is that they cannot process orders over 100$, and they do not support variable prices (like the one used in a shopping cart script). I think that we have looked in every direction regarding this matter, but haven't been able to find anything

SO, please, if you know an eu processor that can do this and is stable, let me know

directfiesta · 09-05-2003, 03:47 PM

Quote:

Originally posted by Kenneth K

SO, please, if you know an eu processor that can do this and is stable, let me know

There is none to my knowledge.

It seems you do need to go the US corp route and a merchant account. See with Netbilling. I haven't use them yet, but I think I will soon .

Good Luck. Out for a drink with the friends...

gothweb · 09-05-2003, 03:47 PM

Beware setting-up a corporation a place where you don't have a real presence.

Samoan · 09-05-2003, 06:06 PM

I'm in California, and a lot of my clients are incorporated in Nevada.

thewebgarage · 09-05-2003, 10:34 PM

nevada

lexr · 09-06-2003, 12:37 AM

Delaware or Nevada. Both are good choices, but I'd select Delaware over Nevada for many reasons.

More info here: http://www.state.de.us/corp/index.htm

junction · 09-06-2003, 01:01 AM

Quote:

Originally posted by Kenneth K
... guess Nevada or perhaps Delaware - but don't know shit about the individual states - anybody wanna share some info?

My parent, sub, and equity corps are all located in Nevada. The reason Nevada is my choice is the fact that they share NO information with the IRS, and have no state tax. Find a good attorney and work out the best corporate strategy for your business.

A single corporation does insulate you personally from the business, however if you have to bankrupt the corp due to a lawsuit you have nothing to fall back on.

My parent corp owns the sub corps. My equity corp controls all the funds, and is the lien holder of all assets. The parent corp "borrows" money from the equity corp to subsidize itself and then "loan" it to the sub corps. Profits earned from the sub corps are used to pay back the loans to the parent corp. The parent corp then repays the loans to the equity corp. On paper your subs have no money and the parent corp is always in debt to the equity corp. Plus the loans and repayment of loans can be used for some tax deductions. If you have to file bankruptcy, you bankrupt the affected sub corp. Since your equity corp is the lien holder of all the assets, you then reposses all of your own shit. If youd like to talk more about this, hit me up.

D-man · 09-06-2003, 01:03 AM

Nevada or Delaware

end topic

junction · 09-06-2003, 01:03 AM

Quote:

Originally posted by gothweb
Beware setting-up a corporation a place where you don't have a real presence.

Im curious to hear your reasons for that comment. Care to elaborate?

assistant27 · 09-08-2003, 07:22 AM

nevada

sperbonzo · 09-08-2003, 07:44 AM

Hey there Kenneth K, we can help you with finding a merchant account in the EU or the US with a stable bank that will accept non-tangible adult business. Send me an email:

[email protected]

09-05-2003, 02:30 PM	#1
Kenneth K Confirmed User Join Date: Jan 2003 Location: 123Content.com, Denmark Posts: 459	Where to incorporate in the US? ... guess Nevada or perhaps Delaware - but don't know shit about the individual states - anybody wanna share some info? __________________ 123 Content - Formerly known as 1st Content \| ICQ: 128732055

09-05-2003, 02:38 PM	#3
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,918	Half of the fortune 500 are incorporated in Delaware ( Microsoft, Coca-Cola, Wal-Mart, etc...). Seems that tax structure and rates is more " friendly". My corp is in Delaware but as a " foreign alien" the tax issue is not as important. I would concur that you should ask your accountant. __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

09-05-2003, 03:23 PM	#6
Kenneth K Confirmed User Join Date: Jan 2003 Location: 123Content.com, Denmark Posts: 459	the main issue is the visa/mastercard issues - here in Denmark, we can get a merchant account, no problem, but we have to sell tangible goods when talking about adult... and we're tired of switching payment gateways every month - so therefore, we are looking to get a more stable solution... __________________ 123 Content - Formerly known as 1st Content \| ICQ: 128732055

09-05-2003, 03:29 PM	#7
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,918	Don't Ibill and CCbill have EU division, processing for Europe??? Then no need for a corp in the US. Believe me, it has a lot of disadvantages such as legal responsability to a right wing witch hunting administration! __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time .... Last edited by directfiesta; 09-05-2003 at 03:33 PM..

09-05-2003, 03:41 PM	#9
Kenneth K Confirmed User Join Date: Jan 2003 Location: 123Content.com, Denmark Posts: 459	we have tried talking with ccbill and others - the problem with ccbill is that they cannot process orders over 100$, and they do not support variable prices (like the one used in a shopping cart script). I think that we have looked in every direction regarding this matter, but haven't been able to find anything SO, please, if you know an eu processor that can do this and is stable, let me know __________________ 123 Content - Formerly known as 1st Content \| ICQ: 128732055

09-05-2003, 02:32 PM	#2
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Talk to a knowledgable accountant regarding your business and such. Diferent types are better for different situations

09-05-2003, 03:10 PM	#5
Alvaro Confirmed User Join Date: Nov 2001 Location: Brazil Posts: 695	why dont you incorpore in europe? gibraltar is a good option

09-05-2003, 03:47 PM	#11
gothweb Confirmed User Join Date: Jun 2002 Location: Back in the USSA Posts: 8,849	Beware setting-up a corporation a place where you don't have a real presence. __________________ Photos by Ian X.: Distinctive photos of goth babes. Blood Money:Your traffic, my sites, our money. MojoHost: Still the best.

09-05-2003, 06:06 PM	#12
Samoan Confirmed User Join Date: Aug 2003 Location: Los Angeles, CA Posts: 203	I'm in California, and a lot of my clients are incorporated in Nevada. __________________ Samoan

09-05-2003, 10:34 PM	#13
thewebgarage Confirmed User Join Date: Sep 2002 Location: cali Posts: 1,002	nevada __________________ Big Boob trades icq 265907826

09-06-2003, 12:37 AM	#14
lexr Confirmed User Join Date: Jul 2003 Location: Tempe, AZ Posts: 428	Delaware or Nevada. Both are good choices, but I'd select Delaware over Nevada for many reasons. More info here: http://www.state.de.us/corp/index.htm

09-06-2003, 01:03 AM	#16
D-man Confirmed User Join Date: Aug 2001 Location: Respect the join date noob! Posts: 1,291	Nevada or Delaware end topic

09-08-2003, 07:22 AM	#18
assistant27 So Fucking Banned Join Date: Mar 2003 Posts: 256	nevada

09-08-2003, 07:44 AM	#19
sperbonzo I'd rather be on my boat. Industry Role: Join Date: May 2003 Location: Miami, FL Posts: 9,748	Hey there Kenneth K, we can help you with finding a merchant account in the EU or the US with a stable bank that will accept non-tangible adult business. Send me an email: [email protected]