E-business in Florida, Delaware, Nevada or Wyoming
Category: Business and Money > Small Businesses
Asked by: jin7-ga
List Price: $25.00
19 Mar 2006 07:17 PST
Expires: 18 Apr 2006 08:17 PDT
Question ID: 709140
I'm a young entrepeneur from Spain, I'm developing a web sevice (e-business), and I'm planning to setting up a C corporation (single-member, by now) in the U.S.A. Mi idea is setting up the corporation, open a bank account, and setting up a virtual office. Once the e-business is online and it has positive results I would go to live to the chosen state (if I get a visa card). In the first, the web service will be available for USA and Canada, only. And if it goes well it will be expanded to Europe. I thinks that i'm going to use Paypal service to receive the payments. * State for incorporating I choose a corporation over a LLC because being optimistic and foresighted it will allow to attractive investment and capital incentive to attract key and talented employees. Now, I'm in doubt of what state to choose. I am considering places like Florida and Delaware. But mainly I prefer Nevada and Wyoming, because there are not taxes for corporations. Which state do you recommend me? I have seen: http://www.form-a-corp.com/NV-DE-FL_choices.php http://www.corporationstoday.com/compare.html but I need some good advice. And I would be secure that taxes from recommended state has not been changed in this year. * Server hosting in another state A simpler question: Can I have the dedicated/virtual server hosting in another state different from where is registered the corporation? _without pay taxes_. Thanks!
Re: E-business in Florida, Delaware, Nevada or Wyoming
Answered By: taxmama-ga on 20 Mar 2006 05:09 PST
Dear Jin, You're done a great deal of research. Excellent. Your best choice for your corporation is Delaware. Why? Nevada has raised their fees. And many incorporate in Nevada companies have their agent of service address, and your office mailing address in Las Vegas, and the city of Las Vegas has started charging a license fee. Florida actually does have some taxes for assets, which your corporation may someeday have. Wyoming - sorry, I don't know anything about the corporate environment in that state. But it might someday be an interesting place to live. You can decide that once you move to the USA. The best place, for now, is Delaware. They require only one report per year - with a low annual franchise fee. The folks at Valis can help you set that up and provide you with the virtual office, phones, mail forwarding etc. http://www2.valisinternational.com/ They are entirely focused on people like you, who are outside the country. David Gendron can help advise you about how to get a bank account. It's gotten harder for foreign nationals to do that since the Homeland Security rules have hit the banking industry. Incidentally, if you need advice about doing business in Canada, as it happens, Gendron also has an office in Canada. He can help you with that, too. And he can point you to reliable people to help you with your taxes and give you guidance on American bookkeeping requirements. Best wishes Your TaxMama-ga
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