Those Who Incorportated: What State and Why? - GoFuckYourself.com

minusonebit · 07-01-2006, 01:24 PM

For those of you who incorporated your adult ventures, what state did you do it in and why did you pick that state? I know Delaware and Nevada are both very friendly states to incorporate in. Just wondering how many of you actually saw it as beneficial enough to warrant registering in a foreign state, domesticating, having two registered agents (one in the formation state and one in your home state) or if you just said fuck it and registered in your home state for simplicity and lower (initial) costs.

Also, please indicate if you actually live in the state you incorporated in, or if you domesticated your foreign corporation in your home state.

Peaches · 07-01-2006, 01:37 PM

I'm incorporated in my home state. I talked to my accountant and since I'm a S-corp, it does me no good to be incorporated in any other state but my own. My attorney is my registered agent but my name is on everything else (I'm the CEO, CFO and Secretary - I'm damned underpaid).

p1mpdogg · 07-01-2006, 01:46 PM

nevada for life!

home of the tax evasion kings!

directfiesta · 07-01-2006, 02:11 PM

Delaware ...

Low fees, low taxes ... and I am in the company of Coca-Cola ....

minusonebit · 07-04-2006, 03:02 PM

Good points.

Peaches: Doesn't Georgia have a corporate income tax? Usually thats the reason for incorportating in Neveda or Deleware. Plus, Neveda offers some really nice liability protections for the principals/officers, so I hear.

Anyone else? I know its a business thread so if 10 people offer uselful posts that'd be great. I am trying to decide where to plant myself...

07-01-2006, 01:24 PM	#1
minusonebit So Fucking Banned Join Date: Feb 2006 Location: [email protected] Posts: 7,391	Those Who Incorportated: What State and Why? For those of you who incorporated your adult ventures, what state did you do it in and why did you pick that state? I know Delaware and Nevada are both very friendly states to incorporate in. Just wondering how many of you actually saw it as beneficial enough to warrant registering in a foreign state, domesticating, having two registered agents (one in the formation state and one in your home state) or if you just said fuck it and registered in your home state for simplicity and lower (initial) costs. Also, please indicate if you actually live in the state you incorporated in, or if you domesticated your foreign corporation in your home state.

07-01-2006, 01:46 PM	#3
p1mpdogg Too lazy to set a custom title Join Date: Nov 2002 Posts: 16,714	nevada for life! home of the tax evasion kings! __________________ A fast fortune is easy to earn! Just go with a winner!

07-01-2006, 02:11 PM	#4
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,916	Delaware ... Low fees, low taxes ... and I am in the company of Coca-Cola .... __________________ 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 ....

07-01-2006, 01:37 PM	#2
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	I'm incorporated in my home state. I talked to my accountant and since I'm a S-corp, it does me no good to be incorporated in any other state but my own. My attorney is my registered agent but my name is on everything else (I'm the CEO, CFO and Secretary - I'm damned underpaid).

07-04-2006, 03:02 PM	#5
minusonebit So Fucking Banned Join Date: Feb 2006 Location: [email protected] Posts: 7,391	Good points. Peaches: Doesn't Georgia have a corporate income tax? Usually thats the reason for incorportating in Neveda or Deleware. Plus, Neveda offers some really nice liability protections for the principals/officers, so I hear. Anyone else? I know its a business thread so if 10 people offer uselful posts that'd be great. I am trying to decide where to plant myself...