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Incorporating in Cali, Wyoming, Delaware or Nevada?

by svedski
6 replies
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Hi,

I'm planning (no, I'm going) to move to the States as soon as possible and right now I'm in the process of setting up my LLC.

My plan is to move to California, and that's where I'll work from.
I'll do mail order and internet marketing. Which state would you recommend me to incorporate in?

California?
Wyoming?
Delaware?
Nevada?

From the information that I've managed to gather, it seems that Wyoming is the best place to start a business in right now. But if I live in California, will I get any of the benefits from incorporating in Wyoming? Or should I just go and start my company in Cali?

Cheers
  • Profile picture of the author HeySal
    I'd check CA laws very thoroughly before considering an LLC with that state. They don't work the same way that the other states do.
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    Sal
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  • Profile picture of the author travlinguy
    I can't comment on CA, Wyoming, or Delaware but I was incorporated in Nevada for years while living in two other states. I used this company as my resident agent. Take a look at their site: Nevada corporation - Incorporate with Corporate Service Center, Inc.

    They'll tell you straight about the advantages and disadvantages of all the states you're considering. But I wouldn't stop there. Do a thorough search in each state. Good luck.
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  • Profile picture of the author Patrician
    It is true - CA says if you are sitting in this state you will pay - even if you incorporate elsewhere.

    I have determined after consulting with tax professionals etc unless you have substantial assets (equipment, inventory, etc) to protect, that it really doesn't pay to incorporate in CA - you will pay more for the incorporation every year than you pay for taxes if you don't - (I don't have many assets).

    Now if you want to make out, just sneak in here illegally - they will welcome you with open arms and give you the farm.
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    • Profile picture of the author svedski
      Originally Posted by Patrician View Post

      It is true - CA says if you are sitting in this state you will pay - even if you incorporate elsewhere.

      I have determined after consulting with tax professionals etc unless you have substantial assets (equipment, inventory, etc) to protect, that it really doesn't pay to incorporate in CA - you will pay more for the incorporation every year than you pay for taxes if you don't - (I don't have many assets).

      Now if you want to make out, just sneak in here illegally - they will welcome you with open arms and give you the farm.
      Do you mean sneak into California or sneak into the States in general?
      I want to obtain permanent residency in the future so I don't want to do anything against the law.

      The immigration officers told me that I would need to send pictures of my physical office (As an immigrant I'm not allowed to work from home). How does the virtual offices work? Can I have a registered agent in Wyoming who can give me pictures of his office building that I can send to the immigration?
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      • Profile picture of the author Enfusia
        I'm from Wyoming and it's a great state to Inc in. But you might want to check Delaware again and do a better evaluation, it's pretty hard to beat.

        Patrick
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  • Profile picture of the author bizgrower
    You'd have to check with the State's office (Usually Secretary of State), but I've heard that it costs $800 each year just to renew your incorporation in California. Other States are under $100 - maybe under $50 - to renew.

    I'm in Colorado and my tax advisor recommended against the idea of incorporating in other states for tax purposes if you don't actually live there at least part-time, or don't really do a lot of business in that State.

    Many attorney's will give a free consult for this type of thing, and there is Legal Zoom and The Company Corporation and other similar services.

    Dan
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    "If you think you're the smartest person in the room, then you're probably in the wrong room."

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