Which State Should You Incorporate In?
A business owner IS NOT required to incorporate in the state where the company resides. Selecting the proper state to incorporate is one of the important decisions a business owner makes. Business can choose to incorporate or form an LLC in any of the 50 states or the District of Columbia. There are benefits to incorporating your business in certain states. One of the most important benefits is “tax benefits”. Some of the major states that receive a large number of incorporation are:
Factors To Consider When Choosing the State to Incorporate In
– Location of your company
– A cost analysis comparing the cost of incorporating in the state of operation versus the costs of qualifying to do business as a foreign corporation in the state under consideration.
– The advantages and disadvantages of each state corporate laws and tax structure.