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Who Should Incorporate Out of State
By Jacob Wren
Reasons to incorporate your small business out of state
So you've decided to incorporate your small business and protect your personal assets. Unless you live in Delaware, Nevada or Wyoming, you're probably considering incorporating out of state. Nevada has no corporate income tax on profits, no state annual franchise tax and no annual personal income tax.
Delaware offers so much protection and flexibility that most of the companies listed on the NYSE are incorporated there. Despite all the reasons giant corporations are typically located out of state it might be advantageous for your small business to incorporate in its home state. Here's why.
Hassles and expenses of incorp...
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