Incorporate in Nevada? Online business? - GoFuckYourself.com

sixone · 08-13-2006, 09:28 PM

O.K. So I have heard about all the supposed benefits of forming a S-Corp in Nevada.

I have also read about the draw backs.

If my business is 100% online. Do I still have to register as a foriegn business entity in my state I live in?

Does anyone have any advice or past experiences they would like to share on forming a corporation in either Delaware or Nevada?

Greg MissionD · 08-13-2006, 09:43 PM

Bump for your thread.

BlueWire · 08-13-2006, 09:50 PM

If you have a business location that you're doing business out of then you still have to pay B & O.

S-Corp is very comparable to an LLC and the LLC taxes are SOOO much easier to track. And, its not hard to go from an LLC to a corp. But its not legally possible to go from an S-Corp to an LLC.

Start with an LLC and then go to the S-Corp.

I'll save you $500 bucks and tell you this:

Lawyers are here to look at things for a viewpoint of liability (pesimistic view). Accountants are here to look at things from a financial perspective (an optimistic view)

Lawyers will tell you to get an S-Corp because althought technically S-Corp's and LLC's have the EXACT same legal boundaries...the S Corp has a larger body of law to work off of. Accountant will tell you LLC because its much easier to manage and there just isn't any real advantage to the scorp

08-13-2006, 09:28 PM	#1
sixone Confirmed User Join Date: Apr 2004 Posts: 503	Incorporate in Nevada? Online business? O.K. So I have heard about all the supposed benefits of forming a S-Corp in Nevada. I have also read about the draw backs. If my business is 100% online. Do I still have to register as a foriegn business entity in my state I live in? Does anyone have any advice or past experiences they would like to share on forming a corporation in either Delaware or Nevada? __________________ 196-900-713

08-13-2006, 09:43 PM	#2
Greg MissionD Confirmed User Join Date: Apr 2005 Posts: 4,866	Bump for your thread. __________________ ICQ:119936

08-13-2006, 09:50 PM	#3
BlueWire Confirmed User Join Date: Nov 2004 Posts: 4,628	If you have a business location that you're doing business out of then you still have to pay B & O. S-Corp is very comparable to an LLC and the LLC taxes are SOOO much easier to track. And, its not hard to go from an LLC to a corp. But its not legally possible to go from an S-Corp to an LLC. Start with an LLC and then go to the S-Corp. I'll save you $500 bucks and tell you this: Lawyers are here to look at things for a viewpoint of liability (pesimistic view). Accountants are here to look at things from a financial perspective (an optimistic view) Lawyers will tell you to get an S-Corp because althought technically S-Corp's and LLC's have the EXACT same legal boundaries...the S Corp has a larger body of law to work off of. Accountant will tell you LLC because its much easier to manage and there just isn't any real advantage to the scorp