Can i incorporate my business in another state

Whatever your eventual choice, be sure to do your research and consider all of your options. You will need to have either a physical presence or a registered agent in whichever state you choose to incorporate within, and should also be aware of any expenses or fees you will have to pay. Be sure to visit the state's website, and look around the secretary of state's page; it will help you in becoming familiar with all of the requirements and laws applicable to businesses operating in that state's borders.

An online incorporation service can also be a big help in this process, as the requirements and paperwork can become complicated or confusing. The best course of action is always to consult with a professional, like an accountant or attorney, and seek recommendations from them as well. Technically, you incorporate a business in a single state, but can register to operate your business in additional states by filing a foreign qualification.

This basically allows you to register your business in any other state you plan on conducting business. Conducting business without filing a foreign qualification could mean you could be charged fines and fees and be held liable for back taxes. If you experience any difficulty in accessing our content, please contact us at My Portal See past orders or update your account. Affiliate Program Login to our affiliate program dashboard.

Entity Choice LLC vs. What Comes Next? Where Should I Incorporate? Do I Need a Business License? Common business out-of-state activities which may require foreign qualification include: Transacting business in the state above a certain dollar amount. Hiring an employee. Purchasing property. Opening a physical office or facility. Offering services, selling products, or contract bidding. Applying for a professional license.

Finally, your company will need to do the following in states where you operate: Report and pay state income taxes. Report and pay state sales taxes. Comply with state employment tax filings. Designate a registered agent in the state to handle legal documentation on your behalf. Related COntent. October 29, Share on facebook. Share on twitter. Share on linkedin. Stay in touch. Contact Us. Schedule consultation. Latest Posts. Most Popular Posts.

Delaware is known for being extremely business-friendly. They have a large business court infrastructure just for dealing with business cases quickly, and if you ever want to have a funded startup, VCs will almost certainly require that you set up a Delaware C-Corporation. Obviously, there are some very good reasons why. One of the biggest reasons is their massive Chancery Court system that specializes in quickly dealing with corporate legal issues.

The infrastructure is there to support businesses quickly and efficiency with strong business protection and a strong business veil. Large companies like Uber and Facebook may get sued times per day. Not everything about Delaware is perfect for incorporating every business, however. Someone has to pay for that massive court system, so fees to incorporate here are pretty high. Nevada built an extremely friendly shareholder set of laws. As recently as a year or two or go, the veil had only been pierced in Nevada once.

This libertarian approach makes it extremely pro-business with a strong business veil. Of course, by incorporating in a state so lax that prostitution is legal, you may get a bit of a stigma, depending on your type of business. Fun fact: all other states have reporting arrangements with the IRS, however the Nevada Secretary of State, department agencies, and taxation agencies do not.

This is huge for business privacy. Wyoming created the LLC in the late 70s, based on a simplified corporation business entity concept that existed in Europe at the time. There was no such thing as an LLC not that long ago.

Wyoming also adopted extremely favorable laws for business, similar to Nevada. However, incorporating and managing a Wyoming business is much, much cheaper. Yearly management fees are much cheaper as well.