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-   -   Where to incorporate in the US? (https://gfy.com/showthread.php?t=171445)

Kenneth K 09-05-2003 02:30 PM

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?

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...


:thumbsup :thumbsup

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]


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