Questions about incorporating

CaptainJSparrow · 2004-10-06, 04:57 AM

All of the above info seems dead-on accurate. I noticed, no one mentioned looking into filing for Subchapter S status...with this you may be able to pay yourself a small salary and then bonus yourself the rest of the money without matching funds on the bonus. This could save you a pretty penny as well.

Filing in a state other than the one that you reside may not always be the best option...check into how much the state taxes are where you live and if there are any benefits/deductions offerred by your state to incorporate there. I found it to be a pain in the ass to keep a registered agent that had to forward our mail, etc. in Nevada plus the state taxes here in La just weren't that bad.

Good luck!

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2004-10-06, 04:57 AM	#12
CaptainJSparrow You can now put whatever you want in this space :) Join Date: Sep 2003 Location: Louisiana Posts: 511	All of the above info seems dead-on accurate. I noticed, no one mentioned looking into filing for Subchapter S status...with this you may be able to pay yourself a small salary and then bonus yourself the rest of the money without matching funds on the bonus. This could save you a pretty penny as well. Filing in a state other than the one that you reside may not always be the best option...check into how much the state taxes are where you live and if there are any benefits/deductions offerred by your state to incorporate there. I found it to be a pain in the ass to keep a registered agent that had to forward our mail, etc. in Nevada plus the state taxes here in La just weren't that bad. Good luck!