Posted by Bill K. (AZ) on June 28, 1999 at 16:32:44:
Steve,
Just a quick point. I believe that most, if not all states, require you to register your corporation in the state in which you do business. Registering a “foreign” entity can cost as much as, if not more, than registering in one of the states you recommended. Hence, the cost to incorporate can rise quickly having to register in Nevada, Wyoming or Delaware AND your home state.
Just a thought.
Bill K. (AZ)
HELP!! QUESTIONS ABOUT BECOMING INC. PLEASE! - Posted by Capeverde
Posted by Capeverde on June 24, 1999 at 22:12:36:
i HAVE SOME QUESTIONS ABOUT BEING INC. Does this protect my husband and myself if we owned a home? I want to buy property as inc. thanks somebody!!
Re: HELP!! QUESTIONS ABOUT BECOMING INC. PLEASE! - Posted by kmrservices
Posted by kmrservices on July 01, 1999 at 07:40:34:
easy and not real expensive…
for info, go to public library.
get step by step. if not sure, find out
cost and steps and contact an attorney, but
know what you are asking. i did rather inexpensive,
but friend paid of 10k.
Inc’ing - ya gotta. - Posted by PYost
Posted by PYost on June 30, 1999 at 13:48:03:
There are SO MANY tax benefits to Inc’ing - too many for me to list. There is SO MUCH protection after you’ve Inc’ed. I now know that doing business without Inc’ing is just downright nutty.
I was fortunate enough to get a cassette from a good friend. Call Sage Int’l in Nevada (800) 254-5779 and ask for an info kit and the cassette of CW Allen and Robert Kiyosaki.
Re: HELP!! QUESTIONS ABOUT BECOMING INC. PLEASE! - Posted by Steve
Posted by Steve on June 27, 1999 at 03:59:43:
As a corporation, all of your personal asset can be protected, however you will find that generally, the tax liability will be higher for corporate profits(i.e capital gains). Plus there is much more paper work involved, and the cost to incorporate (not much if you pick the right state). Nevada, Wyoming, Delaware are the friendliest states for corporations.