Forming LLC’s or Corp’s in Other States?
Hello,I`m looking to form either an LLC or an S-Corp for an IT Consulting Business I`m looking to start. I currently live in New York and have heard that it may be beneficial to form the business entity in another state like Nevada or Delaware to name a few. Is there any kind of double taxation when you form a business entity in another state? I was just going to form the business entity here in New York until I heard about the supposed benefits of forming businesses in "business friendly states." Comments appreciated...Thank you,John
Sign In or Register to comment.